AI-assisted analysis based on the official CRS summary. Source version: Dec 2, 2025. Analysis updated: Sep 18, 2026.
01 — The Text
What.
- Imposes a six-year deadline for the CFPB to issue civil investigative demands after a consumer financial law violation occurs
- Requires demands to reference specific facts about the alleged violation
- Allows an attorney to submit questions on behalf of witnesses called for oral testimony
- Expands grounds for challenging demands to include being unduly burdensome, unreasonably duplicative, or available from less costly sources
- Creates judicial review process for denied petitions to set aside or modify demands, with confidentiality protections
02 — The Stakes
So what?
- Narrows the CFPB's timeframe for launching investigations into past violations
- Increases transparency by requiring factual specificity in demands
- Provides additional procedural protections for individuals and entities compelled to provide information
- Effect on CFPB enforcement efficiency or investigation success rates is not established in the official summary
03 — The Path
Now what?
- Introduced in House on February 27, 2025
- Referred to House Committee on Financial Services on February 27, 2025
- Committee held markup session and voted to report amended version on September 16, 2026 (29–20)
Legislative History
Actions.
- Sep 16, 2026 — Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 20.
- Sep 16, 2026 — Committee Consideration and Mark-up Session Held
- Feb 27, 2025 — Referred to the House Committee on Financial Services.
- Feb 27, 2025 — Introduced in House