§ 5496b. GAO study of financial regulations

293 words·~1 min read·/usc/title-12/section-5496b

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)Study Not later than the end of the 180-day period beginning on the date of the enactment of this Act, and annually thereafter, the Comptroller General of the United States shall conduct a study of financial services regulations, including activities of the Bureau. Such study shall include an analysis of—

(1)the impact of regulation on the financial marketplace, including the effects on the safety and soundness of regulated entities, cost and availability of credit, savings realized by consumers, reductions in consumer paperwork burden, changes in personal and small business bankruptcy filings, and costs of compliance with rules, including whether relevant Federal agencies are applying sound cost-benefit analysis in promulgating rules;

(2)efforts to avoid duplicative or conflicting rulemakings, including an evaluation of the consultative process under subparagraphs

(B)and

(C)of section 5512(b)(2) of this title, information requests, and examinations; and

(3)other matters related to the operations of financial services regulations deemed by the Comptroller General to be appropriate.

(b)Report Not later than the end of the 30-day period following the completion of a study conducted pursuant to subsection (a), the Comptroller General shall issue a report to the Congress containing a detailed description of all findings and conclusions made by the Comptroller General in carrying out such study, together with such recommendations for legislative or administrative action as the Comptroller General may determine to be appropriate.

(Pub. L. 111–203, title X, § 1016B, as added Pub. L. 112–10, div. B, title V, § 1573(a), Apr. 15, 2011, 125 Stat. 138.)

Connections7 cite this · traces to 1

Cited by 7 sections

statute-compilations

bill

Traces to 1 document

U.S. Code

Rulemaking authority
§ 5512

4 references not yet in our index

Pub. L. 111–203, title X, § 1016B
Pub. L. 112–10, div. B, title V, § 1573(a)
125 Stat. 138
Pub. L. 112–10

Citation graph

cites case law

§ 5496b

GAO study of financial regulations

Bills×5

Stat. Comp.×2

U.S.C.§ 5512

Pub. L.Pub. L. 111–203, title X, § 1016B

Pub. L.Pub. L. 112–10, div. B, title V, § 1573(a)

Stat.125 Stat. 138

Pub. L.Pub. L. 112–10

Cites 5Cited by 7 across 2 sources