,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #bahc  ,,in ,,the ,,house ,,of  
,,representatives  ,march #ah1 #bjbe,mr4
 ,emmer introduced the following bill2  
which was referred to the ,committee on 
,financial ,services  ,a ,,bill  ,to    
amend the ,consumer ,financial          
,protection ,act of #bjaj to update the 
purpose of the ,bureau of ,consumer     
,financial ,protection1 and for other   
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,,cfpb ,dual        
,mandate and ,economic ,analysis ,act4  
#b4 ,purpose ,section #ajba7;a7 of the  
,consumer ,financial ,protection ,act of
 #bjaj 7#ab ,u4,s4,c4 #eeaa7;a77 is     
amended--  7#a7 by striking fair1       
transparent1 and competitive and        
inserting3 fair and transparent2 and    
7#b7 by adding at the end the following3
 ,in addition1 the ,bureau shall seek to
 implement and1 where applicable1       
enforce ,federal consumer financial law 
consistently for the purpose of         
strengthening private sector            

participation in markets1 without       
,government interference or subsidies1  
to increase competition and enhance     
consumer choice44  #c4 ,office of       
,economic ,analysis  7a7 ,in general    
,section #ajac of the ,consumer         
,financial ,protection ,act of #bjaj    
7#ab ,u4,s4,c4 #edic7 is amended by     
adding at the end the following3  7i7   
,office of ,economic ,analysis  7#a7    
,establishment ,the ,director shall     
establish an ,office of ,economic       
,analysis4  7#b7 ,review and assessment 
of proposed guidance1 orders1 rules and 
regulations ,the ,office of ,economic   
,analysis shall-- 7,a7 review all       
proposed guidance1 orders1 rules and    
regulations of the ,bureau2  7,b7 assess
 the impact of such guidance1 orders1   
rules and regulations on consumer       
choice1 price1 and access to credit     
products2 and  7,c7 publish a report on 
such reviews and assessments in the     
,federal ,register4  7#c7 ,measuring    
existing rules1 regulations1 guidance1  

and orders ,the ,office of ,economic    
,analysis shall-- 7,a7 review each rule1
 regulation1 guidance1 and order issued 
by the ,bureau after #a1 #b1 #e1 and #aj
 years2  7,b7 measure the rule1         
regulation1 guidance1 or order's success
 in solving the problem that the rule1  
regulation1 guidance1 or order was      
intended to solve when issued2 and  7,c7
 publish a report on such review and    
measurement in the ,federal ,register4  
4  7b7 ,consideration of review and     
assessment2 rulemaking 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  
,consideration of review and assessment 
by the ,office of ,economic ,analysis   
7,a7 ,in general ,before issuing any    
guidance1 order1 rule1 or regulation1   
the ,director shall consider the review 
and assessment of such guidance1 order1 
rule1 or regulation carried out by the  
,office of ,economic ,analysis4  7,b7   

,notice of disagreement ,if the         
,director disagrees with any part of a  
review and assessment described under   
subparagraph 7,a7 with respect to any   
guidance1 order1 rule1 or regulation1   
the ,director shall accompany any such  
guidance1 order1 rule1 or regulation    
with a statement explaining why the     
,director so disagrees4  7#f7           
,identification of problems and metrics 
for judging success  7,a7 ,in general   
,the ,director shall1 in each proposed  
rulemaking of the ,bureau--  7i7        
identify the problem that the particular
 rule or regulations is seeking to      
solve2 and  7ii7 specify the metrics by 
which the ,bureau will measure the      
success of the rule or regulation in    
solving such problem4  7,b7 ,required   
metrics ,the metrics specified under    
subparagraph 7,a77ii7 shall include a   
measurement of changes to consumer      
access to1 and cost of1 consumer        
financial products and services4  4