,i #aai? ,,congress #a/ ,session ,h4 ,r4 #bahc ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,m>* #ah1 #bjbe,mr4 ,emm] introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,a ,,bill ,to am5d ! ,consum] ,f9ancial ,protection ,act ( #bjaj to update ! purpose ( ! ,bureau ( ,consum] ,f9ancial ,protection1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,,cfpb ,dual ,m&ate & ,economic ,analysis ,act4 #b4 ,purpose ,section #ajba7;a7 ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj 7#ab ,u4,s4,c4 #eeaa7;a77 is am5d$-- 7#a7 by /rik+ fair1 transp>5t1 & competitive & ins]t+3 fair & transp>5t2 & 7#b7 by add+ at ! end ! foll[+3 ,9 addition1 ! ,bureau %all seek to implem5t &1 :]e applicable1 en=ce ,f$]al consum] f9ancial law consi/5tly = ! purpose ( /r5g!n+ private sector p>ticipation 9 m>kets1 )\t ,gov]nm5t int]f]5ce or subsidies1 to increase competition & enhance consum] *oice44 #c4 ,(fice ( ,economic ,analysis 7a7 ,9 g5]al ,section #ajac ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj 7#ab ,u4,s4,c4 #edic7 is am5d$ by add+ at ! end ! foll[+3 7i7 ,(fice ( ,economic ,analysis 7#a7 ,e/abli%m5t ,! ,director %all e/abli% an ,(fice ( ,economic ,analysis4 7#b7 ,review & assessm5t ( propos$ guidance1 ord]s1 rules & regulations ,! ,(fice ( ,economic ,analysis %all-- 7,a7 review all propos$ guidance1 ord]s1 rules & regulations ( ! ,bureau2 7,b7 assess ! impact ( su* guidance1 ord]s1 rules & regulations on consum] *oice1 price1 & access to cr$it products2 & 7,c7 publi% a report on su* reviews & assessm5ts 9 ! ,f$]al ,regi/]4 7#c7 ,measur+ exi/+ rules1 regulations1 guidance1 & ord]s ,! ,(fice ( ,economic ,analysis %all-- 7,a7 review ea* rule1 regulation1 guidance1 & ord] issu$ by ! ,bureau aft] #a1 #b1 #e1 & #aj ye>s2 7,b7 measure ! rule1 regulation1 guidance1 or ord]'s success 9 solv+ ! problem t ! rule1 regulation1 guidance1 or ord] 0 int5d$ to solve :5 issu$2 & 7,c7 publi% a report on su* review & measurem5t 9 ! ,f$]al ,regi/]4 4 7b7 ,consid]ation ( review & assessm5t2 rulemak+ requirem5ts ,section #ajbb7;b7 ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj 7#ab ,u4,s4,c4 #eeab7;b77 is am5d$ by add+ at ! end ! foll[+3 7#e7 ,consid]ation ( review & assessm5t by ! ,(fice ( ,economic ,analysis 7,a7 ,9 g5]al ,be=e issu+ any guidance1 ord]1 rule1 or regulation1 ! ,director %all consid] ! review & assessm5t ( su* guidance1 ord]1 rule1 or regulation c>ri$ out by ! ,(fice ( ,economic ,analysis4 7,b7 ,notice ( disagreem5t ,if ! ,director disagrees ) any "p ( a review & assessm5t describ$ "u subp>agraph 7,a7 ) respect to any guidance1 ord]1 rule1 or regulation1 ! ,director %all accompany any su* guidance1 ord]1 rule1 or regulation ) a /atem5t expla9+ :y ! ,director s disagrees4 7#f7 ,id5tification ( problems & metrics = judg+ success 7,a7 ,9 g5]al ,! ,director %all1 9 ea* propos$ rulemak+ ( ! ,bureau-- 7i7 id5tify ! problem t ! p>ticul> rule or regulations is seek+ to solve2 & 7ii7 specify ! metrics by :i* ! ,bureau w measure ! success ( ! rule or regulation 9 solv+ su* problem4 7,b7 ,requir$ metrics ,! metrics specifi$ "u subp>agraph 7,a77ii7 %all include a measurem5t ( *anges to consum] access to1 & co/ (1 consum] f9ancial products & s]vices4 4