Comprehensive Regulatory Review Act

Referred to the House Committee on Financial Services.

Congressional Research Service

Official summary

Version 00 · Introduced in House · Jun 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.

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People & committees

Who introduced it

Rep. Loudermilk, Barry [R-GA-11] · R–GA

Committees

Financial Services Committee

1 cosponsorship records, including any withdrawals

Rep. Gottheimer, Josh [D-NJ-5]

Legislative record

Actions

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Jun 11, 2019
Referred to the House Committee on Financial Services.
Jun 11, 2019
Introduced in House
Jun 11, 2019
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Jun 11, 2019 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

HR 4607 · Comprehensive Regulatory Review Act

Source last updated: Jan 3, 2025. Consult Congress.gov for the current record.

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Analyze H.R.3198 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss H.R.3198, 116th Congress: Comprehensive Regulatory Review Act

Official record: https://www.congress.gov/bill/116th-congress/house-bill/3198

Text version to examine: Introduced in House · 2019-06-11.

Official full text: https://www.congress.gov/116/bills/hr3198/BILLS-116hr3198ih.htm

Imported record last updated by the source: 2025-01-03T03:03:32Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.3198 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.3198 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Discuss H.R.3198, 116th Congress: Comprehensive Regulatory Review Act

Official record: https://www.congress.gov/bill/116th-congress/house-bill/3198

Text version to examine: Introduced in House · 2019-06-11.

Official full text: https://www.congress.gov/116/bills/hr3198/BILLS-116hr3198ih.htm

Imported record last updated by the source: 2025-01-03T03:03:32Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.3198 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.3198 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Discuss H.R.3198, 116th Congress: Comprehensive Regulatory Review Act

Official record: https://www.congress.gov/bill/116th-congress/house-bill/3198

Text version to examine: Introduced in House · 2019-06-11.

Official full text: https://www.congress.gov/116/bills/hr3198/BILLS-116hr3198ih.htm

Imported record last updated by the source: 2025-01-03T03:03:32Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.3198 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.3198 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

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Discuss H.R.3198, 116th Congress: Comprehensive Regulatory Review Act

Official record: https://www.congress.gov/bill/116th-congress/house-bill/3198

Text version to examine: Introduced in House · 2019-06-11.

Official full text: https://www.congress.gov/116/bills/hr3198/BILLS-116hr3198ih.htm

Imported record last updated by the source: 2025-01-03T03:03:32Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.3198 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.