HR2489-118

Introduced

To amend the Consumer Financial Protection Act of 2010 to update the purpose of the Bureau of Consumer Financial Protection, and for other purposes.

118th Congress Introduced Apr 6, 2023

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

The bill requires office of Economic Analysis Section 1013 of the Consumer Financial Protection Act of 2010 (12 U.S.C. It relies on reporting requirements, compliance mandates, product standards, and delegation of rulemaking. The main policy areas are Financial Services and Finance.

Who Benefits and How

Public beneficiaries or protected communities affected by the clause could face reduced risk.

Who Bears the Burden and How

Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Financial services firms and customers affected by the bill would take on compliance duties.

Key Provisions

  • Requires office of Economic Analysis Section 1013 of the Consumer Financial Protection Act of 2010 (12 U.S.C.

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

The bill requires office of Economic Analysis Section 1013 of the Consumer Financial Protection Act of 2010 (12 U.S.C.

Key Policy Areas

Financial Services, Finance

Primary Purpose

The bill requires office of Economic Analysis Section 1013 of the Consumer Financial Protection Act of 2010 (12 U.S.C.

Policy Domains

Financial Services Finance

Whole bill

Identified Gains
  • Public beneficiaries or protected communities affected by the clause
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: ih
Public beneficiaries or protected communities affected by the clause:
Identified Costs
  • Federal, state, or local agencies responsible for implementing the clause
  • Financial services firms and customers affected by the bill
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: ih
Financial services firms and customers affected by the bill:
Federal, state, or local agencies responsible for implementing the clause:

Legislative Progress

Introduced
Introduced Committee Passed
Apr 6, 2023

Mr. Emmer (for himself, Mr. Donalds, Mr. Luetkemeyer, Mr. Meuser, …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Financial Services Finance

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology