Bill > S1923

This bill aims to modify the pay structure for employees of the Consumer Financial Protection Bureau (CFPB) by requiring that their basic pay rates be set in accordance with the General Schedule (GS), which is the standardized federal government pay scale used for most white-collar workers. Currently, the CFPB has more flexibility in setting employee compensation, but this legislation would align their pay rates with the standard federal pay system. The bill specifies that the Director of the CFPB must set and adjust employee pay rates using the General Schedule pay levels outlined in section 5332 of title 5 of the United States Code. The changes would take effect 90 days after the bill's enactment, giving the CFPB time to implement the new pay structure. By standardizing pay rates, the bill seeks to create more consistency and transparency in compensation for CFPB employees and bring their pay in line with other federal government workers.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/1923/all-info