HOUSE 1410118th CongressReferred to the House Committee on Financial Services.
Consumer Financial Protection Commission Act
- Last Action
- 3/7/2023
Actions
- 2023-03-07Referred to the House Committee on Financial Services.
- 2023-03-07Introduced in House
- 2023-03-07Introduced in House
CRS Summary
As of 2023-03-07 (00)
Consumer Financial Protection Commission Act
This bill removes the Consumer Financial Protection Bureau from the Federal Reserve System, converts the bureau into an independent commission, and modifies its leadership structure. Specifically, the bill eliminates the positions of director and deputy director and establishes a five-person commission appointed by the President and confirmed by the Senate.
Cosponsors (2)
- Mark Alford (R-MO)
- Tracey Mann (R-KS)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.