Bill > HR2446

This bill, the Responsible Consumer Financial Protection Regulations Act of 2013, proposes to amend the Consumer Financial Protection Act of 2010, which is part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, to replace the single Director of the Consumer Financial Protection Bureau (CFPB) with a five-member Commission. This Commission would consist of the Vice Chairman for Supervision of the Federal Reserve System and four additional members appointed by the President with Senate approval, requiring them to have expertise in consumer financial protection. The bill also stipulates that the Chair of this new Commission cannot request appropriations estimates without the prior approval of the entire Commission, shifting power from a single executive to a collective leadership structure.