US HB2183

Amends the CFPB's statutory purpose by removing "competitive" from its mandate of ensuring "fair, transparent, and competitive" markets, leaving only "fair and transparent"

Adds a new mandate requiring the CFPB to strengthen private sector participation in markets without government interference or subsidies, to increase competition and enhance consumer choice

Establishes a new Office of Economic Analysis within the CFPB to review all proposed guidance, orders, rules, and regulations and assess their impact on consumer choice, price, and access to credit products

Requires the Office of Economic Analysis to conduct retrospective reviews of all Bureau rules at 1, 2, 5, and 10 years after issuance to measure effectiveness in solving the problems they were intended to address

Mandates that the CFPB Director consider the Office of Economic Analysis assessments before issuing any regulation, and must publicly explain any disagreement with the office's findings