12 USC § 5496b - GAO study of financial regulations

---
identifier: "/us/usc/t12/s5496b"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 5496b - GAO study of financial regulations"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "5496b"
section_name: "GAO study of financial regulations"
chapter_number: 53
chapter_name: "WALL STREET REFORM AND CONSUMER PROTECTION"
subchapter_number: "V"
subchapter_name: "BUREAU OF CONSUMER FINANCIAL PROTECTION"
part_number: "A"
part_name: "Bureau of Consumer Financial Protection"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 111–203, title X, § 1016B, as added Pub. L. 112–10, div. B, title V, § 1573(a), Apr. 15, 2011, 125 Stat. 138.)"
---


# § 5496b. GAO study of financial regulations

**(a)** **Study** Not later than the end of the 180-day period beginning on the date of the enactment of this Act, and annually thereafter, the Comptroller General of the United States shall conduct a study of financial services regulations, including activities of the Bureau. Such study shall include an analysis of—

**(1)** the impact of regulation on the financial marketplace, including the effects on the safety and soundness of regulated entities, cost and availability of credit, savings realized by consumers, reductions in consumer paperwork burden, changes in personal and small business bankruptcy filings, and costs of compliance with rules, including whether relevant Federal agencies are applying sound cost-benefit analysis in promulgating rules;

**(2)** efforts to avoid duplicative or conflicting rulemakings, including an evaluation of the consultative process under subparagraphs (B) and (C) of section 5512(b)(2) of this title, information requests, and examinations; and

**(3)** other matters related to the operations of financial services regulations deemed by the Comptroller General to be appropriate.

**(b)** **Report** Not later than the end of the 30-day period following the completion of a study conducted pursuant to subsection (a), the Comptroller General shall issue a report to the Congress containing a detailed description of all findings and conclusions made by the Comptroller General in carrying out such study, together with such recommendations for legislative or administrative action as the Comptroller General may determine to be appropriate.

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**Source Credit**: (Pub. L. 111–203, title X, § 1016B, as added Pub. L. 112–10, div. B, title V, § 1573(a), Apr. 15, 2011, 125 Stat. 138.)

## Editorial Notes

### References in Text

The date of the enactment of this Act, referred to in subsec. (a), probably means the date of enactment of , which enacted this section and was approved .