Bills · HR 1653
IN COMMITTEE· 119TH CONGRESS
House BillHR 1653Finance and Financial Sector
Civil Investigative Demand Reform Act of 2025
INTRO FEB 27· LAST ACTION FEB 27
READING
3MIN
COSPONSORS
6BIPARTISAN
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because it impacts how a major consumer protection agency, the Bureau of Consumer Financial Protection, operates and holds companies accountable. If this bill becomes law, it could lead to more defined and potentially shorter investigations into companies by setting a six-year time limit on looking into past violations. This could provide more certainty for businesses but might also limit the agency's ability to pursue older or long-running patterns of consumer harm.
The bill also introduces new ways for companies to push back against requests for information, allowing their lawyers to question the scope of demands and challenge them in court more easily. This could be seen as adding important due process protections for businesses, or it could be viewed as creating new avenues for companies to delay or complicate investigations. The real-world impact depends on whether these changes improve the fairness and efficiency of investigations or create new hurdles for consumer protection efforts.
KEY PROVISIONS
5AI-extractedPROVISION 01
Establishes a 6-year statute of limitations for the Bureau of Consumer Financial Protection (BCFP) to issue Civil Investigative Demands (CIDs) for violations.
This sets a clear time limit on how far back the BCFP can investigate, providing certainty for businesses regarding potential past violations.
PROVISION 02
Requires CIDs to specify the particular facts related to the alleged conduct being investigated.
This aims to make BCFP investigations more focused and prevent overly broad or general requests for information from companies.
PROVISION 03
Allows an attorney representing a person or company receiving a CID to submit questions to the BCFP about the demand's scope, requiring the BCFP to respond within specific timeframes.
This provides a formal mechanism for companies to seek clarification on CIDs and potentially narrow the scope of information required, which could also lead to extended deadlines.
PROVISION 04
Expands the specific grounds on which a company can petition the BCFP to modify or set aside a CID, including if it's unduly burdensome, disproportionately expensive, or duplicative.
This gives companies more explicit reasons to challenge CIDs, potentially reducing the burden of compliance.
PROVISION 05
Makes the BCFP's denial of a petition to modify or set aside a CID subject to judicial review.
This grants companies a right to appeal the BCFP's decisions regarding CIDs to a court, adding a layer of oversight.
SPONSORSHIP
1 + 6
R· Kentucky
YRS IN OFFICE
13
BILLS LED
60
COSPONSOR BREAKDOWNBIPARTISAN · 67%
DEM 2 REP 4 IND 0
ACTION TIMELINE
2 EVENTSFEB 27
Introduced in House
FEB 27
Referred to the House Committee on Financial Services.
BILL INFO
TypeHouse Bill
NumberHR 1653
Congress119th
StatusIn Committee
IntroducedFeb 27, 2025
Last actionFeb 27, 2025
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IN COMMITTEE· 119TH CONGRESS · FINANCIAL SERVICES COMMITTEE · INTRODUCED FEB 27, 2025
House BillHR 1653Finance and Financial Sector
Civil Investigative Demand Reform Act of 2025
INTRODUCED FEB 27, 2025· LAST ACTION FEB 27, 2025
PASSAGE CHANCES
—%
READING
3 min
COSPONSORS
6
COMPLEXITY
Moderate
