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Making the CFPB Accountable to Small Businesses Act of 2025

In committee: it can still change before the session ends.

US HR 1606 · House Bill · 119th Congress

Stage
In committee
Started in
House
Sponsors
4
Latest action
Feb 26, 2025

What it does

The bill would amend the Dodd-Frank Act and the Regulatory Flexibility Act to require the Consumer Financial Protection Bureau (CFPB) and other covered agencies to analyze and justify how their proposed rules impact small entities, including small businesses, and to detail steps taken to minimize additional costs of credit for them. It mandates that agencies provide a detailed justification—supported by factual, policy, and legal reasons—if they determine that the size and resources of small entities should not influence a rule, particularly when no alternatives are adopted. The bill aims to increase accountability of the CFPB to small businesses by strengthening regulatory flexibility…

No official summary is available here. This one was written by AI from the bill’s text.

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Where it stands

  1. Introduced (Done)

    Feb 26, 2025

  2. Committee (Current step)

    In committee · Feb 26, 2025

  3. Floor (Not started)

  4. Law (Not started)

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

While a bill can still move, the questions are about people and money.

Work with this bill

Making the CFPB Accountable to Small Businesses Act of 2025 | 52