WASHINGTON, April 7 -- Rep. Alex Mooney, R-West Virginia, issued the following news release:

Congressman Alex X. Mooney introduced H.R. 7412, the Transparency in Consumer Financial Protection Bureau (CFPB) Cost-Benefit Analysis Act. This bill would enhance rulemaking requirements for the Bureau of Consumer Financial Protection. Cost-benefit analysis is an essential tool for regulators to weigh the costs of implementation and compliance with the benefits of the regulation.