1. Short title This Act may be cited as the Transparency and Accountability for Business Standards Act . 2. Cost-benefit analysis requirement for certain prudential regulations (a) Rulemaking requirement An appropriate Federal banking agency may not adopt or otherwise establish a prudential regulation that is substantively more stringent than a corresponding international prudential standard unless the appropriate Federal banking agency publishes, for public notice and comment— (1) a description of the agency’s rationale for doing so; and (2) a comprehensive analysis of the costs and benefits of the difference between the prudential regulation and the corresponding international prudential standard, including— (A) any impact on the pricing and availability of credit in the aggregate and for specific types of borrowers; (B) any impact on liquidity in markets for financial instruments in the aggregate and for specific types of instruments; (C) any impact of doing so on the competitiveness of affected institutions; and (D) any impact on employment, economic growth, and the execution of monetary policy. (b) Requirements with respect to superseded prudential regulations An appropriate Federal banking agency may not adopt or otherwise establish a prudential regulation to implement an international standard that will result in a prudential regulation that is then in effect becoming a superseded prudential regulation, unless the appropriate Federal banking agency publishes for public notice and comment— (1) a proposal to repeal or amend the superseded prudential regulation, or applicable part thereof