An amendment numbered 11 printed in House Report 112-172 to require the Consumer Financial Protection Bureau to (1) submit an analysis on the impact of its proposed rule or regulation on the financial industry, and (2) an analysis of consumers and small businesses' access to credit as a result of the regulation, to the Financial Stability Oversight Council for the purposes of public review.

Add at the end the of the bill the following new section:

SEC. 7. ANALYSIS OF REGULATIONS.

Section 1022 of the Dodd-Frank Wall Street Reform and Consumer Protection Act is amended by adding at the end the following new subsection:

“(e) Analysis of Regulations.--

“(1) In general.--Each time the Bureau proposes a new rule or regulation, the Bureau shall--

“(A) carry out an initial regulatory flexibility analysis for such proposed rule or regulation, which shall be carried out as closely as possible to those initial regulatory flexibility analyses required under section 603 of title 5, United States Code, but which shall analyze the financial impact of the proposed rule or regulation on all financial entities, regardless of size; and

“(B) carry out an analysis of whether the proposed rule or regulation will impair the ability of individuals and small business to access credit from financial institutions.

“(2) Report.--The Bureau shall issue a report to the Council on the analyses carried out under paragraph (1), and make such analyses available to the public.

“(3) Use of existing resources.--The Bureau shall use existing resources to carry out the requirements of this subsection.”.