,i  #aahth ,,congress  #ast ,session    
,h4 ,r4 #acac  ,,in ,,the ,,house ,,of  
,,representatives  ,march #a1 #bjbc,mr4 
,mooney 7for himself1 ,mr4 ,posey1 ,mr4 
,flood1 ,mr4 ,davidson1 ,mr4 ,emmer1    
,mr4 ,sessions1 ,mr4 ,rose1 ,mr4 ,ogles1
 ,mr4 ,nunn of ,iowa1 ,mrs4 ,kim of     
,california1 ,mr4 ,steil1 ,mr4 ,williams
 of ,texas1 ,mr4 ,fitzgerald1 ,mr4      
,huizenga1 ,mr4 ,loudermilk1 ,mr4       
,luetkemeyer1 ,mr4 ,kustoff1 ,mrs4      
,houchin1 ,mr4 ,barr1 and ,mr4 ,norman7 
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services  ,a ,,bill  ,to    
enhance rulemaking requirements for the 
,bureau of ,consumer ,financial         
,protection1 and for other purposes4    
#a4 ,short title ,this ,act may be cited
 as the ,transparency in ,,cfpb         
,cost-,benefit ,analysis ,act4  #b4     
,transparency in cost-benefit analysis  
,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  
,additional rulemaking requirements     
7,a7 ,in general ,each notice of        
proposed rulemaking issued by the       
,bureau shall be published in its       
entirety in the ,federal ,register and  
shall include-- 7i7 a statement of the  
need for the proposed regulation2  7ii7 
an examination of why the ,bureau must  
undertake the proposed regulation and   
why the private market1 ,state1 local1  
or tribal authorities cannot adequately 
address the problem2  7iii7 an          
examination of whether the proposed     
regulation is duplicative1 inconsistent1
 or incompatible with other ,federal    
regulations and orders2  7iv7 if the    
proposed regulation is found to be      
duplicative1 inconsistent1 or           
incompatible with other ,federal        
regulations and orders1 a discussion    
of-- 7,i7 why the proposed regulation is
 justified2  7,,ii7 how the proposed    
regulation can coexist with the existing
 regulations2 and  7,,iii7 how the      

,bureau plans to reduce the regulatory  
burden associated with the duplicative1 
inconsistent1 or incompatible proposed  
regulation2  7v7 a quantitative and     
qualitative assessment of all           
anticipated direct and indirect costs   
and benefits of the proposed regulation1
 including-- 7,i7 compliance costs for  
all regulated entities1 including small 
businesses2  7,,ii7 effects on economic 
activity1 efficiency1 competition and   
capital formation2  7,,iii7 regulatory  
and administrative costs of             
implementation2 and  7,,iv7 costs       
imposed on ,state1 local and tribal     
entities2  7vi7 an identification of    
reasonable alternatives to the          
regulation1 including modification of an
 existing regulation2  7vii7 an analysis
 of the costs and benefits1 both        
quantitative and qualitative1 of any    
alternative identified pursuant to      
clause 7v72  7viii7 if the ,bureau      
determines the proposed regulation would
 increase costs for small businesses1   

then the ,bureau shall consult the      
,office of ,advocacy within the ,small  
,business ,administration to determine  
ways to minimize the effect of direct   
and indirect costs imposed on small     
businesses by the proposed regulation2  
7ix7 if quantified net benefits of the  
proposed action do not outweigh the     
quantified net benefits of the          
alternatives1 a justification of the    
regulation2  7x7 if quantified benefits 
identified pursuant to clause 7iv7 do   
not outweigh the quantified costs of the
 regulation1 a justification of the     
regulation2  7xi7 an assessment of how  
the burden imposed by the regulation    
will be distributed2 including whether  
consumers1 or small businesses will be  
disproportionately burdened2 and  7xii7 
when feasible1 and using appropriate    
statistical techniques1 a probability   
distribution of the relevant outcomes of
 the proposed regulation4  7,b7         
,assumptions and studies used ,with     
respect to the information required to  

be included under subparagraph 7,a71 the
 ,bureau will include-- 7i7 a discussion
 of underlying assumptions used as a    
basis for such information2 and  7ii7 a 
description of any studies or data used 
in preparing such information1 and      
whether such studies were peer-reviewed4
  4