Bill > HR6116

Introduced Session

To amend the Consumer Financial Protection Act of 2010 to make the Bureau of Consumer Financial Protection an independent Consumer Financial Protection Commission, and for other purposes. 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.

AI Summary

Committee Categories

Blaine Luetkemeyer (R)*,  Andy Barr (R),  Ted Budd (R),  Warren Davidson (R),  Tom Emmer (R),  Anthony Gonzalez (R),  Lance Gooden (R),  French Hill (R),  Trey Hollingsworth (R),  Bill Huizenga (R),  David Kustoff (R),  Barry Loudermilk (R),  Frank Lucas (R),  Patrick McHenry (R),  Alex Mooney (R),  Bill Posey (R),  Denver Riggleman (R),  John Rose (R),  Bryan Steil (R),  Steve Stivers (R),  Van Taylor (R),  William Timmons (R),  Scott Tipton (R),  Ann Wagner (R),  Roger Williams (R),  Lee Zeldin (R), 

Referred to the House Committee on Financial Services. (on 03/05/2020)

Official Document