CFPB must show detailed cost and benefit numbers for new rules.
S. 5628 — Transparency in CFPB Cost-Benefit Analysis Act · Filed by John Kennedy (R-LA) · 1 cosponsor · Introduced Sep 30, 2026 · Referred to committee
Your members of Congress
Enter a ZIP to see where your representative and both senators stood on this bill.
Looked up on this device — your ZIP is never stored on our servers.
What it does
The bill tells the Consumer Financial Protection Bureau to write down costs and benefits. It must do this before making new rules. The CFPB must explain why benefits are worth the costs. It must talk to the Small Business Administration about how rules affect small businesses. If benefits do not outweigh costs, the CFPB must say why.
Who it affects
Banks, credit card companies, and other financial companies will face new rules. Small businesses in finance will get special attention. Consumers may see rules take longer to happen.
One thing to notice
The bill requires the CFPB to write down numbers for costs and benefits. It does not say how to count them. This could make some rules harder to pass.
From the analysis of the bill text, linked under Primary records below.
Where it stands
1 cosponsor: 1 Republicans.
- Sep 30, 2026 — Introduced · Congress.gov: “Introduced in Senate”
- Sep 30, 2026 — Referred to Senate Committee on Banking, Housing, and Urban Affairs · Congress.gov: “Read twice and referred to the Committee on Banking, Housing, and Urban Affairs”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Words to know
- Consumer Financial Protection Bureau — A federal agency that makes rules to protect people who use banks and credit.
- Small Business Administration — A federal agency that helps small businesses and watches how rules affect them.
- outweigh — To be more important or valuable than something else.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (3,203 characters) on Oct 8, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 16,222 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-10-20.
“CFPB must show detailed cost and benefit numbers for new rules.” QuorumCivic. https://share.quorumcivic.app/bill/119/s5628/simple Report an error
The week in bills
One email, Sunday: what Congress passed, what it changed, and who paid.
One link arrives to confirm the address. It is used for this email and nothing else, and every issue carries an unsubscribe link.