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S. 737 112th Congress Senate

Responsible Consumer Financial Protection Regulations Act of 2011

Official title: A bill to replace the Director of the Bureau of Consumer Financial Protection with a 5-person Commission, to bring the Bureau into the regular appropriations process, and for other purposes.

Introduced: May 12, 2011 Introduced by: Jerry Moran Republican · Kansas See on congress.gov
Finance and Financial Sector AppropriationsBanking and financial institutions regulationConsumer Financial Protection BureauConsumer affairs
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Consumer creditExecutive agency funding and structureFederal Reserve SystemFederal officialsFinancial services and investments
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 6, 2011
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 6, 2011
Introduced in Senate
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 Latest action April 6, 2011

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Responsible Consumer Financial Protection Regulations Act of 2011 - Amends the Consumer Financial Protection Act of 2010, title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, to replace the position of Director of the Bureau of Consumer Financial Protection with a five-member Commission whose members are appointed by the President, by and with the advice and consent of the Senate.

Prohibits the Chair of the Commission from making requests for estimates related to appropriations without the prior approval of the Commission.

Revises procedures for funding the Bureau. Eliminates the Consumer Financial Protection Fund and the requirement that the Board of Governors of the Federal Reserve System transfer funds to the Bureau from the combined earnings of the Federal Reserve System. Authorizes appropriations for FY2011-FY2012.

 Related & companion bills 1
  • HR 1121 Responsible Consumer Financial Protection Regulations Act of 2011
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Republican 4
R
Collins, Susan M.
Maine · May 17, 2011
 R
Thune, John
South Dakota · May 17, 2011
Isakson, Johnny
· May 12, 2011
 R
Boozman, John
Arkansas · May 11, 2011
 R
Crapo, Mike
Idaho · Apr 6, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). S. 737: Responsible Consumer Financial Protection Regulations Act of 2011. 112th Congress. Open America. https://openamerica.io/bill/112-S-737/
MLA
"S. 737: Responsible Consumer Financial Protection Regulations Act of 2011." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-737/.
Bluebook (legal)
S. 737, 112th Cong. (2026), https://openamerica.io/bill/112-S-737/.
Markdown link
[S. 737: Responsible Consumer Financial Protection Regulations Act of 2011](https://openamerica.io/bill/112-S-737/)
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