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SENATE 387115th CongressRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Consumer Financial Protection Bureau Accountability Act of 2017

Last Action
2/15/2017

Actions

  • 2017-02-15Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • 2017-02-15Introduced in Senate

CRS Summary

As of 2017-02-15 (00)

Consumer Financial Protection Bureau Accountability Act of 2017

This bill amends the Consumer Financial Protection Act of 2010 to change the source of funding for the Consumer Financial Protection Bureau (CFPB) from Federal Reserve System transfers to annual appropriations. Under current law, the transfers from the Federal Reserve System permit the CFPB to be funded outside of the annual appropriations process.

Cosponsors (19)

  • Steve Daines (R-MT)
  • Jim Inhofe (R-OK)
  • MICHAEL ENZI (R-WY)
  • John Barrasso (R-WY)
  • Thomas Tillis (R-NC)
  • Rand Paul (R-KY)
  • Johnny Isakson (R-GA)
  • Mike Lee (R-UT)
  • Joni Ernst (R-IA)
  • Marco Rubio (R-FL)
  • Ron Johnson (R-WI)
  • John Kennedy (R-LA)
  • JEFF FLAKE (R-AZ)
  • John Boozman (R-AR)
  • John Hoeven (R-ND)
  • Ted Cruz (R-TX)
  • Ben Sasse (R-NE)
  • Charles Grassley (R-IA)
  • Tim Scott (R-SC)

Subjects

  • Appropriations
  • Consumer Financial Protection Bureau
  • Executive agency funding and structure
  • Federal Reserve System
Read on Congress.gov

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.