US HR2798

Bill

CFPB Transparency and Accountability Reform Act Transparency in CFPB Cost-Benefit Analysis Act CFPB Dual Mandate and Economic Analysis Act CFPB Whistleblower Incentives and Protection Act Making the CFPB Accountable to Small Businesses Act of 2023 CFPB–IG Reform Act of 2023 Bureau of Consumer Financial Protection-Inspector General Reform Act of 2023 TABS Act of 2023 Taking Account of Bureaucrats’ Spending Act of 2023

Introduced
04/24/2023

In Committee
04/26/2023

Crossed Over

Passed

Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A BILL To make reforms to the Bureau of Consumer Financial Protection, and for other purposes.

AI Summary

This bill makes several reforms to the Bureau of Consumer Financial Protection (CFPB): - It changes the CFPB from an independent bureau to an independent agency led by a 5-member commission appointed by the President and confirmed by the Senate. - It brings the CFPB under the regular congressional appropriations process, rather than having its funding come directly from the Federal Reserve. - It establishes an Inspector General for the CFPB, who will have oversight and reporting requirements. - It requires the CFPB to have a dual mandate to focus on fair and transparent consumer financial markets, as well as strengthening private sector participation without government interference. - It imposes additional cost-benefit analysis and transparency requirements for CFPB rulemaking. - It requires the CFPB to be more accountable to small businesses when drafting regulations. - It creates a whistleblower incentive and protection program for the CFPB. Overall, the bill aims to increase oversight, transparency, and accountability for the CFPB's operations and rulemaking.

Committee Categories

Business and Industry

Sponsors (3)

Andy Barr (R)*, Erin Houchin (R), Wesley Hunt (R),

Last Action

Placed on the Union Calendar, Calendar No. 241. (on 12/04/2023)

Official Document

https://www.congress.gov/bill/118th-congress/house-bill/2798/all-info

(9 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/118th-congress/house-bill/2798/all-info
BillText	https://www.congress.gov/118/bills/hr2798/BILLS-118hr2798rh.pdf
BillText	https://www.congress.gov/118/bills/hr2798/BILLS-118hr2798ih.pdf

Bill	Bill Name	Last Action	Type
HR1313	Transparency in CFPB Cost-Benefit Analysis Act	Referred to the House Committee on Financial Services.	Related
HR1410	Consumer Financial Protection Commission Act	Referred to the House Committee on Financial Services.	Related
HR1411	CFPB–IG Reform Act of 2023 Bureau of Consumer Financial Protection-Inspector General Reform Act of 2023	Referred to the Committee on Oversight and Accountability, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.	Related
HR1749	Making the CFPB Accountable to Small Businesses Act of 2023	Referred to the Committee on the Judiciary, and in addition to the Committees on Small Business, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.	Related
HR2465	Financial Compensation for CFPB Whistleblowers Act	Referred to the House Committee on Financial Services.	Related
HR2489	CFPB Dual Mandate and Economic Analysis Act	Referred to the House Committee on Financial Services.	Related
HR2490	CFPB Whistleblower Incentives and Protection Act	Referred to the House Committee on Financial Services.	Related
S1124	Financial Compensation for CFPB Whistleblowers Act	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
S1362	Transparency in CFPB Cost-Benefit Analysis Act	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related

Bill > HR2798

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (3)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary