H.R. 3198
Referred to CommitteeComprehensive Regulatory Review Act
Latest Action
Referred to the House Committee on Financial Services.
6/11/2019 • House
Summary
Comprehensive Regulatory Review Act
This bill expands the required comprehensive review of financial regulatory requirements. Specifically, the review must be completed by the Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration, in addition to (as required under current law) the Federal Financial Institutions Examination Council, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve Board. The review must be performed at least every 7, rather than 10, years.
After performing the review, a regulator must consider tailoring regulations to limit specified burdens.
The bill specifies information and criteria the CFPB must use when conducting its review.
Introduced in House • 6/11/2019
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Bill Journey
Originated in the House
Introduced
June 11, 2019
Referred to the House Committee on Financial Services.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law