Congress·In Committee·H.R. 2183
CFPB Dual Mandate and Economic Analysis Act
Congress Moves to Require CFPB Economic Reviews Before New Rules, Focusing on Choice, Prices, and Credit Access
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Stalled
No legislative action in over 90 days.
Legislative Progress
House
Key Points
- Congress would change the consumer bureau’s mission to also promote more private-sector competition and consumer choice, with less government interference or subsidies.
- The bill would create a new Office of Economic Analysis inside the consumer bureau to review every proposed guidance, order, and rule before it is issued.
- That office would study how proposed actions could affect consumer choice, prices, and people’s access to credit products, and it would publish its findings publicly.
- The bureau’s director would have to consider those findings and publicly explain any disagreements before issuing a guidance, order, or rule.
- The office would also re-check each bureau rule or order after 1, 2, 5, and 10 years to see if it solved the problem it was meant to fix and how it affected access and cost.
Impact Analysis
Personal Impact
How this policy affects specific groups of people
Negative Impacts(1)
Mixed Impacts(3)
Milestones
2 milestones2 actions
Mar 18, 2025
Referred to the House Committee on Financial Services.
Mar 18, 2025
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
CFPB Dual Mandate and Economic Analysis Act
Bill NumberHR 2183
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred to the House Committee on Financial Services.
Data Sources
Sponsor
Analysis generated by AI. Always verify with official sources.