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HR 4607 - Comprehensive Regulatory Review Act - National Key Vote

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Title: Comprehensive Regulatory Review Act

Vote Smart's Synopsis:

A vote to pass a bill that requires a review of financial regulatory requirements every 7 years, rather than every 10 years.

Highlights:

 

  • 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).

Full Bill Text

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