Making the CFPB Accountable to Small Businesses Act of 2025

HR 1606 requires the Consumer Financial Protection Bureau (CFPB) to assess how proposed rules affect small businesses during rulemaking. It amends the Dodd-Frank Act to mandate that the CFPB analyze the impact of proposed rules on small entities, following existing requirements under Title 5 of the U.S. Code. The bill also adds new requirements for the CFPB to justify why it did not consider small business impacts or adopt alternatives that minimize costs for small businesses, including detailed written explanations supported by facts and legal reasoning. This directly affects the CFPB’s rulemaking process and the small businesses regulated by its policies.