Sponsors
The bill increases regulatory oversight frequency, transparency, and data on regulatory costs—potentially lowering compliance costs and improving consumer access—while raising administrative burdens and creating incentives that could weaken prudential safeguards or bias policy debates toward industry concerns.
Small businesses and middle-class families would face lower compliance costs because agencies must recommend streamlining or eliminating duplicative or outdated rules.
State and local governments, taxpayers, and financial institutions will see more frequent regulatory reviews and greater public reporting because agencies must review rules every 5 years (instead of 10) and the Council's annual report will include internal review findings and public comments.
Consumers would benefit from improved identification of barriers to financial product access because agencies must assess and report effects on consumer access and availability of financial products.
Depositors and taxpayers could face greater financial-system risk if emphasis on reducing burdens leads agencies to relax rules that support safety and soundness.
Federal employees and taxpayers will likely face higher administrative workload and costs because agencies must perform more frequent reviews and quantify costs, which could divert resources from supervision or enforcement.
The public and policymakers could be misled by imprecise or overstated cost estimates because quantifying indirect economic costs is difficult and may be used to exaggerate regulatory burdens.
Based on analysis of 2 sections of legislative text.
Introduced December 9, 2025 by William R. Timmons · Last progress December 9, 2025
Amends the Economic Growth and Regulatory Paperwork Reduction Act to require federal financial regulators to perform required regulatory reviews every 5 years instead of every 10, and to conduct mandatory internal reviews assessing consumer access, firm access, credit availability, market liquidity, and the balance of benefits and costs. Agencies must quantify economic costs where practicable, recommend streamlining or eliminating duplicative or burdensome rules, and include those internal-review findings in the Council’s annual report. Also standardizes the term used for covered agencies by defining "Federal financial institutions regulatory agency" by reference to the Federal Financial Institutions Examination Council Act, updates cross-references and reporting requirements, and restructures the Council-related review process to reflect the new cadence and required content of internal reviews.