Sponsors
The bill forces agencies to quantify and minimize regulatory burdens to improve access to credit and reduce costs, but it raises administrative burdens, regulatory uncertainty, and the risk that deregulatory recommendations could weaken financial safeguards if adopted without sufficient protections.
Low‑income individuals, middle‑class families, and small businesses will see agencies required to assess how regulations affect access to banking, credit, and market liquidity, which could reduce barriers to financial products and support lending.
Small businesses and taxpayers will benefit because agencies must quantify direct and indirect compliance costs, enabling identification and elimination of costly or duplicative rules that raise prices or reduce services.
Taxpayers and small businesses gain from more frequent regulatory reviews (shortening cycle from 10 to 7 years), which can accelerate identification and repeal of outdated burdensome rules.
Taxpayers and middle‑class families could face higher systemic risk if recommendations to eliminate regulations weaken safety‑and‑soundness rules and those deregulatory steps are adopted without adequate safeguards.
Small businesses and financial institutions may face greater regulatory uncertainty because more frequent reviews could prompt revisiting of rules and complicate long‑term compliance and planning.
Federal employees and agencies will incur increased administrative workload because of detailed internal reviews and cost quantification requirements, which may divert staff from supervision and enforcement activities.
Based on analysis of 2 sections of legislative text.
Shortens federal financial regulatory review cycles to 7 years and requires agency internal reviews of cumulative regulatory impacts and streamlined recommendations.
Introduced December 9, 2025 by William R. Timmons · Last progress December 9, 2025
Amends the federal financial regulatory review process to require agencies to perform more frequent and deeper assessments of their rules. It shortens the Council and agency review cycle from 10 years to 7 years, requires each covered agency to conduct internal reviews that evaluate cumulative regulatory effects (consumer access, firm availability, credit and market liquidity, benefits vs. costs, practicable cost quantification), and expands the Council’s report to Congress to include agency findings and analysis of whether burdens can be addressed by regulation using public comments and those internal reviews.