The CBO estimated the cost of the CFPB Guidance Transparency Act (H.R. 4811), as ordered by the House Committee on Financial Services. The bill would require the CFPB to provide notice to the public and to establish a period for comment before issuing a guidance document. Also, the bill would require the CFPB to make available all studies, data and other information used in preparing and issuing a guidance document.
CBO estimates the bill would cost the CFPB $49 million over the 2015-2024 period.