Making the CFPB Accountable to Small Businesses Act of 2025
Making the CFPB Accountable to Small Businesses Act of 2025
Plain Language Summary
# Making the CFPB Accountable to Small Businesses Act of 2025 - Summary **What the Bill Would Do** This bill aims to increase oversight of the Consumer Financial Protection Bureau (CFPB), a federal agency that regulates financial companies and protects consumers. The bill's stated goal is to make the CFPB more accountable to small businesses. While the full details aren't publicly available yet, bills with this title typically propose measures such as requiring the agency to consider small business impacts before issuing new rules, creating reporting requirements, or establishing advisory processes that include small business input. **Who It Affects** The bill would primarily affect small businesses in the financial services sector and related industries, as well as the CFPB itself.
It could also indirectly impact consumers if it changes how the agency operates or writes financial regulations. **Current Status** The bill was introduced in the 119th Congress by Republican Representative Scott Fitzgerald of Wisconsin. It is currently in committee, meaning it hasn't yet been debated or voted on by the full House of Representatives. At this stage, the bill is still in early proceedings and has not been enacted into law.
Latest Action
Referred to the Committee on the Judiciary, and in addition to the Committees on Small Business, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.