Summary: H.R.3198 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.3198. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (06/11/2019)

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.