,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #edjc  ,,in ,,the ,,house ,,of  
,,representatives  ,september #h1 #bjad 
,mr4 ,stutzman 7for himself1 ,mr4       
,perlmutter1 ,mr4 ,bachus1 ,mr4 ,david  
,scott of ,georgia1 ,mr4 ,barr1 ,mr4    
,sherman1 ,mr4 ,campbell1 ,mr4 ,peters  
of ,michigan1 ,mr4 ,luetkemeyer1 ,mr4   
,murphy of ,florida1 ,mr4 ,posey1 ,mr4  
,kildee1 ,mr4 ,williams1 and ,mr4       
,costa7 introduced the following bill2  
which was referred to the ,committee on 
,financial ,services  ,a ,,bill  ,to    
nullify certain guidance of the ,bureau 
of ,consumer ,financial ,protection and 
to provide requirements for guidance    
issued by the ,bureau with respect to   
indirect auto lending4  #a4 ,short title
 ,this ,act may be cited as the         
,reforming ,,cfpb ,indirect ,auto       
,financing ,guidance ,act4  #b4         
,nullification of auto lending guidance 
,bulletin #bjac-jb of the ,bureau of    
,consumer ,financial ,protection        
7published ,march #ba1 #bjac7 shall have

 no force or effect4  #c4 ,guidance     
requirements ,section #ajbb7;b7 of the  
,consumer ,financial ,protection ,act of
 #bjaj 7#ab ,u4,s4,c4 #eeab7;b77 is     
amended by adding at the end the        
following3  7#e7 ,guidance on indirect  
auto financing ,in proposing and issuing
 guidance primarily related to indirect 
auto financing1 the ,bureau shall--     
7,a7 provide for a public notice and    
comment period before issuing the       
guidance in final form2  7,b7 make      
available to the public1 including on   
the website of the ,bureau1 all studies1
 data1 methodologies1 analyses1 and     
other information relied on by the      
,bureau in preparing such guidance2     
7,c7 redact any information that is     
exempt from disclosure under paragraph  
7#c71 7#d71 7#f71 7#g71 or 7#h7 of      
section #eeb7;b7 of title #e1 ,united   
,states ,code2  7,d7 consult with the   
,board of ,governors of the ,federal    
,reserve ,system1 the ,federal ,trade   
,commission1 and the ,department of     

,justice2 and  7,e7 conduct a study on  
the costs and impacts of such guidance  
to consumers and women-owned1           
minority-owned1 and small businesses4  4