# 119-s-5628: Transparency in CFPB Cost-Benefit Analysis Act

119-s-5628, Transparency in CFPB Cost-Benefit Analysis Act, is a 119th Congress bill sponsored by Sen. Kennedy, John [R-LA] (R-LA); status introduced; PRIA reads it as touching household money (as of 2026-10-21).

- Canonical: https://policyrisk.com/legislation/119-s-5628
- As of: 2026-10-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-5628
- Congress: 119
- Title: Transparency in CFPB Cost-Benefit Analysis Act
- Status: introduced
- Introduced: 2026-09-30
- Sponsor: Sen. Kennedy, John [R-LA] (R-LA)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-10-21

## Summary

**This bill would force the Consumer Financial Protection Bureau (CFPB) to use far more rigorous cost‑benefit analysis and public transparency in every proposed rule.** - Consumers: Proposed rules must include an assessment of how burdens and benefits are distributed, including any disproportionate effects on consumers. - Small businesses: If a rule increases costs for small businesses the CFPB must consult the Small Business Administration's Office of Advocacy and try to minimize those burdens. - State, local, and tribal governments: The Bureau must quantify costs on State, local, and tribal entities so those governments' administrative and compliance costs are explicitly evaluated. - Regulated firms and markets: Companies would face detailed requirements to quantify compliance costs and impacts on competition, efficiency, and capital formation before rules advance. - Rulemaking transparency: Every notice of proposed rulemaking must be published in full in the Federal Register and include the underlying assumptions, studies used, and whether those studies were peer reviewed.

## Cosponsors (1)

- Sen. Lummis, Cynthia M. [R-WY] (R-WY), 2026-09-30T00:00:00.000Z

## Provisions PRIA read

- More transparency for CFPB rules: benefit, low. If enacted, the bill would require the Consumer Financial Protection Bureau to publish each proposed rule in full. Notices would explain the need for the rule, why private or state action cannot fix the problem, and any overlap with other Federal rules or orders. The Bureau would provide quantitati…

## Related bills

- 119-s-4952: Protecting American Taxpayers Act
- 119-s-4378: Protecting American Taxpayers Act
- 119-s-1748: Kids Online Safety Act
- 119-s-3492: Essential Caregivers Act of 2025
- 119-s-292: Educational Choice for Children Act of 2025
- 119-s-3752: SAVE America Act

## Sources
- [119-s-5628 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/5628)

## Related
- [119-s-4952: Protecting American Taxpayers Act](https://policyrisk.com/legislation/119-s-4952)
- [119-s-4378: Protecting American Taxpayers Act](https://policyrisk.com/legislation/119-s-4378)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-3492: Essential Caregivers Act of 2025](https://policyrisk.com/legislation/119-s-3492)
- [119-s-292: Educational Choice for Children Act of 2025](https://policyrisk.com/legislation/119-s-292)
- [119-s-3752: SAVE America Act](https://policyrisk.com/legislation/119-s-3752)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-5628 (as of 2026-10-21).