H.R. 2331 aims to make rulemaking by the Bureau of Consumer Financial Protection more transparent and thorough. It requires that any proposed regulation be fully published in the Federal Register and include detailed analyses of the regulation's necessity, potential overlap with other...
Simple Explanation
H.R. 2331 wants to make sure the rules for protecting people who use money stuff, like banks, are clear and fair. It tells the rule-makers to think hard about why new rules are needed and how they might affect everyone, especially small businesses.