summary
Introduced
07/28/2021
07/28/2021
In Committee
07/28/2021
07/28/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Consumer Financial Protection Act of 2010 to make the Bureau of Consumer Financial Protection an independent Consumer Financial Protection Commis- sion, and for other purposes.
AI Summary
This bill amends the Consumer Financial Protection Act of 2010 to make the Bureau of Consumer Financial Protection an independent Consumer Financial Protection Commission. The key provisions include: 1) Changing the name from Bureau to Commission, 2) Establishing the Commission as an independent agency with a 5-member, bipartisan Commission rather than a single Director, 3) Specifying the powers and composition of the Commission, including staggered 5-year terms for Commissioners and a Chair with executive and administrative authority, and 4) Making conforming amendments to various other laws to reflect the name change from Bureau to Commission.
Committee Categories
Business and Industry
Sponsors (28)
Blaine Luetkemeyer (R)*,
Andy Barr (R),
Ted Budd (R),
Warren Davidson (R),
Tom Emmer (R),
Scott Fitzgerald (R),
Anthony Gonzalez (R),
Lance Gooden (R),
Glenn Grothman (R),
Jaime Herrera Beutler (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),
Ralph Norman (R),
Bill Posey (R),
John Rose (R),
Pete Sessions (R),
Bryan Steil (R),
Van Taylor (R),
William Timmons (R),
Ann Wagner (R),
Roger Williams (R),
Lee Zeldin (R),
Last Action
Referred to the House Committee on Financial Services. (on 07/28/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/4773/all-info | 07/29/2021 |
| BillText | https://www.congress.gov/117/bills/hr4773/BILLS-117hr4773ih.pdf | 08/11/2021 |
| Bill | https://www.congress.gov/117/bills/hr4773/BILLS-117hr4773ih.pdf.pdf | 08/11/2021 |
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