CFA Urges Members of Congress to Oppose H.R. 5, the "Regulatory Accountability Act of 2017"
In a letter to members of Congress, CFA is calling on legislators to vote 'No' on the Regulatory Accountability Act of 2017 (RAA). The bill would handcuff all federal agencies in their efforts to protect consumers. Specifically, the RAA would require all agencies, regardless of their statutorily mandated missions, to adopt the least costly rule, without consideration of the impact on public health and safety or the impact on our financial marketplace. The RAA would override important bipartisan laws that have been in effect for years, as well as more recently enacted laws to protect consumers from unfair and deceptive financial services, unsafe food and unsafe consumer products.
