CFPB Dual Mandate and Economic Analysis Act

Referred to the House Committee on Financial Services.

Congressional Research Service

Official summary

Version 00 · Introduced in House · Jan 28, 2021

CFPB Dual Mandate and Economic Analysis Act

This bill establishes the Office of Economic Analysis in the Consumer Financial Protection Bureau (CFPB) to review all proposed and existing guidance, orders, rules, and regulations. The CFPB must also identify in each proposed rulemaking the problem to be solved by the rule or regulation and the metrics the CFPB will use to measure the success of the rule or regulation. These metrics must include a measurement of changes regarding consumer access to, and the cost of, consumer financial products and services.

Additionally, the purpose of the CFPB is revised to include strengthening private sector participation in markets, without government interference or subsidies, to increase competition and enhance consumer choice.

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People & committees

Who introduced it

Rep. Emmer, Tom [R-MN-6] · R–MN

Committees

Financial Services Committee

0 cosponsorship records, including any withdrawals

Legislative record

Actions

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Jan 28, 2021
Referred to the House Committee on Financial Services.
Jan 28, 2021
Introduced in House
Jan 28, 2021
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 · Jan 28, 2021 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

HR 2489 · CFPB Dual Mandate and Economic Analysis Act

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

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Analyze H.R.527 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.527, 117th Congress: CFPB Dual Mandate and Economic Analysis Act

Official record: https://www.congress.gov/bill/117th-congress/house-bill/527

Text version to examine: Introduced in House · 2021-01-28.

Official full text: https://www.congress.gov/117/bills/hr527/BILLS-117hr527ih.htm

Imported record last updated by the source: 2025-01-03T04:43:35Z. 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.527 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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Progressive lens

Examine H.R.527 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.527, 117th Congress: CFPB Dual Mandate and Economic Analysis Act

Official record: https://www.congress.gov/bill/117th-congress/house-bill/527

Text version to examine: Introduced in House · 2021-01-28.

Official full text: https://www.congress.gov/117/bills/hr527/BILLS-117hr527ih.htm

Imported record last updated by the source: 2025-01-03T04:43:35Z. 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.527 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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Examine H.R.527 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.527, 117th Congress: CFPB Dual Mandate and Economic Analysis Act

Official record: https://www.congress.gov/bill/117th-congress/house-bill/527

Text version to examine: Introduced in House · 2021-01-28.

Official full text: https://www.congress.gov/117/bills/hr527/BILLS-117hr527ih.htm

Imported record last updated by the source: 2025-01-03T04:43:35Z. 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.527 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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Examine H.R.527 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.

View full prompt & sources

Discuss H.R.527, 117th Congress: CFPB Dual Mandate and Economic Analysis Act

Official record: https://www.congress.gov/bill/117th-congress/house-bill/527

Text version to examine: Introduced in House · 2021-01-28.

Official full text: https://www.congress.gov/117/bills/hr527/BILLS-117hr527ih.htm

Imported record last updated by the source: 2025-01-03T04:43:35Z. 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.527 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.