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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 5496b GAO study of financial regulations us united_states_code code_section 12 BANKS AND BANKING 53 WALL STREET REFORM AND CONSUMER PROTECTION 5496b 12 U.S.C. § 5496b current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s5496b data/legal/raw/us/code/title-12/usc12.xml c171620772ff25719b77d91dcb900d1b15547c8bf14b17b0c3a9bab8c50880c9 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa cac501a0aa5d192b21cbcf0320a04960c9855e2a48b655e72ea16bd101f18df9 2026-07-04 official
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12 U.S.C. § 5496b - GAO study of financial regulations

Text

(a) Study Not later than the end of the 180-day period beginning on the date of the enactment of this Act, and annually thereafter, the Comptroller General of the United States shall conduct a study of financial services regulations, including activities of the Bureau. Such study shall include an analysis of—

(1) the impact of regulation on the financial marketplace, including the effects on the safety and soundness of regulated entities, cost and availability of credit, savings realized by consumers, reductions in consumer paperwork burden, changes in personal and small business bankruptcy filings, and costs of compliance with rules, including whether relevant Federal agencies are applying sound cost-benefit analysis in promulgating rules;

(2) efforts to avoid duplicative or conflicting rulemakings, including an evaluation of the consultative process under subparagraphs (B) and (C) of section 5512(b)(2) of this title, information requests, and examinations; and

(3) other matters related to the operations of financial services regulations deemed by the Comptroller General to be appropriate.

(b) Report Not later than the end of the 30-day period following the completion of a study conducted pursuant to subsection (a), the Comptroller General shall issue a report to the Congress containing a detailed description of all findings and conclusions made by the Comptroller General in carrying out such study, together with such recommendations for legislative or administrative action as the Comptroller General may determine to be appropriate.

(Pub. L. 111203, title X, § 1016B, as added Pub. L. 11210, div. B, title V, § 1573(a), Apr. 15, 2011, 125 Stat. 138.)

Notes

Editorial Notes

References in TextThe date of the enactment of this Act, referred to in subsec. (a), probably means the date of enactment of Pub. L. 11210, which enacted this section and was approved Apr. 15, 2011.