US HB6544

Amends the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to require Federal financial institutions regulatory agencies to review their regulations every 7 years instead of every 10 years

Requires each agency to conduct an internal review assessing the cumulative impact of their regulations on consumers' access to financial products, credit availability, and financial market liquidity

Mandates agencies to quantify direct and indirect economic costs imposed by their regulations and balance benefits against costs for safety, soundness, and overall economic activity

Requires agencies to include recommendations to streamline, simplify, or eliminate duplicative, outdated, and unnecessarily burdensome regulations in their reviews

Expands the scope from "appropriate Federal banking agencies" to all "Federal financial institutions regulatory agencies" as defined in the Federal Financial Institutions Examination Council Act of 1978