About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

H.R. 2446, Responsible Consumer Financial Protection Regulations Act of 2013 1 (February 6, 2014)

handle is hein.congrec/cbo1465 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE February 6, 2014 H.R. 2446 Responsible Consumer Financial Protection Regulations Act of 2013 As ordered reported by the House Committee on Financial Services on November 21, 2013 SUMMARY H.R. 2446 would replace the Director of the Consumer Financial Protection Bureau (CFPB) with a commission made up of a chairman and four additional members appointed by the President and confirmed by the Senate. The commission would be responsible for developing regulations to carry out the laws that fall within the jurisdiction of the CFPB. Based on information from the CFPB, CBO estimates that enacting H.R. 2446 would increase direct spending by $74 million over the 2014-2024 period. Because the bill would affect direct spending, pay-as-you-go procedures apply. CBO estimates that enacting the bill would not affect revenues and that implementing H.R. 2446 would not affect spending subject to appropriation. H.R. 2446 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would not affect the budgets of state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary impact of H.R. 2446 is shown in the following table. The costs of this legislation fall within budget function 370 (commerce and housing credit).

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most