H.R. 4539, Bureau Research Transparency Act

Cost Estimate
August 4, 2014

As ordered reported by the House Committee on Financial Services on June 11, 2014

H.R. 4539 would require the Bureau of Consumer Financial Protection (CFPB) to make available all studies, data, and other analyses that were used to produce research papers that the bureau makes available to the public.

CBO estimates that enacting H.R. 4539 would increase direct spending by $8 million over the 2015-2024 period; therefore, pay-as-you-go procedures apply. Enacting H.R. 4539 would not affect revenues, and implementing the bill would not affect discretionary spending.

H.R. 4539 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would not affect the budgets of state, local, or tribal governments.