Bill would set new limits on CFPB's investigative demand powers
In markupH.R. 1653Latest action
Sponsor: Andy Barr · Representative · KY
AIDecoded by AI · checked against the recordRead the official text
Official title: Civil Investigative Demand Reform Act of 2025
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
The plain-language version comes first. The official text is always the reference.
HR 1653 sets a 6-year deadline and new challenge rights for CFPB demands to financial companies.
40-second read · 4 questions answered below
What does this do?
This bill sets new rules for how the CFPB investigates suspected violations of consumer financial laws. It requires the CFPB to issue "civil investigative demands" within 6 years of the alleged violation, cite specific facts, allow attorneys to ask clarifying questions with a required response time, and lets recipients challenge demands as burdensome or unnecessary. It also allows court review of CFPB decisions denying requests to change or cancel a demand.
Who does it affect?
Banks, lenders, and other financial companies under CFPB investigation, and their attorneys, are directly affected; consumers are affected indirectly.
Why does it matter?
Supporters say the changes make investigations fairer and clearer for companies, while critics may worry the added limits could slow or restrict the CFPB's ability to investigate companies accused of harming consumers.
AI-drafted summary. Check it against the official text before you act on it.
Based on the “Introduced in House” text of Feb 27, 2025.
After that text, a committee agreed on Sep 16, 2026 to send the bill to the full chamber with changes. This plain-language version may not reflect them.
Read the official bill on Congress.govMake the call
Where does it stand?
- IntroducedFeb 27, 2025
- House committeeYou are here · Sep 16, 2026
- House vote
- Senate
- The president's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 20.