Bill > HR3192

This bill, titled the Bureau of Consumer Financial Protection Accountability Act of 2013, proposes to change how the Bureau of Consumer Financial Protection (BCFP), an agency established by the Consumer Financial Protection Act of 2010 to protect consumers in the financial sector, receives its funding. Currently, the BCFP receives funding through a mechanism that is not part of the regular congressional budget process. This bill would amend the Consumer Financial Protection Act of 2010 to bring the BCFP's funding under the regular appropriations process, meaning Congress would have to approve its budget annually, thereby increasing congressional oversight and accountability. The bill also makes conforming changes to the structure of the relevant section of the original act, including authorizing appropriations for fiscal year 2015.