US Congress House Bill 3198 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on June 11 2019 - 25% progression, died in committee
Action: 2019-06-11 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

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.

Comprehensive Regulatory Review Act

Rep. Barry Loudermilk [R-GA]

Rep. Josh Gottheimer [D-NJ]

Date	Chamber	Action
2019-06-11	House	Referred to the House Committee on Financial Services.
2019-06-11	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/3198/all-info
Text	https://www.congress.gov/116/bills/hr3198/BILLS-116hr3198ih.pdf