Brad Sherman voted Nay (Passage) on this Legislation.
Read statements Brad Sherman made in this general time period.
Title: Comprehensive Regulatory Review Act
A vote to pass a bill that requires a review of financial regulatory requirements every 7 years, rather than every 10 years.
Amends the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to expand the comprehensive review of financial regulatory requirements (Sec. 2).
Requires the review to be performed at least every 7 years, rather than every 10 years (Sec. 3).
Requires 2 additional agencies to conduct the review: The Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration (Sec. 2).
Specifies information and criteria for the CFPB to use when conducting its review (Sec. 5).
Requires regulation changes to reduce any burdens that are discovered during the review process (Sec. 4).
Title: Comprehensive Regulatory Review Act