1. Short title This Act may be cited as the Transparency in CFPB Cost-Benefit Analysis Act . 2. Transparency in cost-benefit analysis Section 1022(b) of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5512(b) ) is amended by adding at the end the following: (5) Additional rulemaking requirements (A) In general Each notice of proposed rulemaking issued by the Bureau shall be published in its entirety in the Federal Register and shall include— (i) a statement of the need for the proposed regulation; (ii) an examination of why the Bureau must undertake the proposed regulation and why the private market, State, local, or tribal authorities cannot adequately address the problem; (iii) an examination of whether the proposed regulation is duplicative, inconsistent, or incompatible with other Federal regulations and orders; (iv) if the proposed regulation is found to be duplicative, inconsistent, or incompatible with other Federal regulations and orders, a discussion of— (I) why the proposed regulation is justified; (II) how the proposed regulation can coexist with the existing regulations; and (III) how the Bureau plans to reduce the regulatory burden associated with the duplicative, inconsistent, or incompatible proposed regulation; (v) a quantitative and qualitative assessment of all anticipated direct and indirect costs and benefits of the proposed regulation, including— (I) compliance costs for all regulated entities, including small businesses; (II) effects on economic activity, efficiency, competition and capital formation; (III) regulatory and administrative costs of implementation; and (IV) costs imposed on State, local and tribal entities; (vi) an identification of reasonable alternatives to the regulation, including modification of an existing regulation; (vii) an analysis of the costs and benefits, both quantitative and qualitative, of any alternative identified pursuant to clause (v)