HR 1195 114th Congress House Finance and Financial Sector Advisory bodies Consumer Financial Protection Bureau Consumer affairs Consumer credit Executive agency funding and structure Financial services and investments Small business

Bureau of Consumer Financial Protection Advisory Boards Act

Introduced: March 2, 2015 See on congress.gov

Everywhere this bill has been 32 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Apr 23, 2015

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

Apr 22, 2015

On passage Passed by the Yeas and Nays: 235 - 183 (Roll no. 167).

Apr 22, 2015

DEBATE - The House proceeded with 10 minutes of debate on the Kuster motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to add at the end of the bill a section on prohibition against participation by persons employed by companies engaged in predatory practices related to servicemembers pending reservation of a point of order. Subsequently, the reservation was removed.

Apr 22, 2015

Passed/agreed to in House: On passage Passed by the Yeas and Nays: 235 - 183 (Roll no. 167).

Apr 22, 2015

On motion to recommit with instructions Failed by recorded vote: 184 - 234 (Roll no. 166).

Apr 22, 2015

The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H2380)

Apr 22, 2015

The House adopted the amendment as agreed to by the Committee of the Whole House on the state of the Union. (text of measure as amended in House: CR H2341-2342)

Apr 22, 2015

The previous question was ordered pursuant to the rule. (consideration: CR H2379)

Apr 22, 2015

The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1195.

Apr 22, 2015

UNFINISHED BUSINESS - The Chair announced that the unfinished business was the question of adoption of the Kuster (NH) amendment No. 1 printed in part D of House Report 114-74.

Apr 22, 2015

The House resolved into Committee of the Whole House on the state of the Union for further consideration.

Apr 22, 2015

Considered as unfinished business. (consideration: CR H2378-2381)

Apr 22, 2015

Motion to reconsider laid on the table Agreed to without objection.

Apr 22, 2015

Ms. Kuster moved to recommit with instructions to the Committee on Financial Services. (consideration: CR H2379-2380; text: CR H2379)

Apr 21, 2015

DEBATE - Pursuant to the provisions of H. Res. 200, the Committee of the Whole proceeded with 10 minutes of debate on the Kuster (NH) part D amendment No. 2.

Apr 21, 2015

Committee of the Whole House on the state of the Union rises leaving H.R. 1195 as unfinished business.

Apr 21, 2015

On motion that the Committee rise Agreed to by voice vote.

Apr 21, 2015

Mr. Neugebauer moved that the Committee rise.

Apr 21, 2015

POSTPONED PROCEEDINGS - At the conclusion of debate on the Kuster (NH) part D No. 1 amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Ms. Maxine Waters demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.

Apr 21, 2015

DEBATE - Pursuant to the provisions of H. Res. 200, the Committee of the Whole proceeded with 10 minutes of debate on the Kuster (NH) part D amendment No. 1.

Apr 21, 2015

At the conclusion of debate, the Chair announced that pursuant to the provisions of H. Res. 200, the amendment printed in part C of House Report 114-74 is adopted.

Apr 21, 2015

GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 1195.

Apr 21, 2015

The Speaker designated the Honorable John J. Duncan, Jr. to act as Chairman of the Committee.

Apr 21, 2015

House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 200 and Rule XVIII.

Apr 21, 2015

Considered under the provisions of rule H. Res. 200. (consideration: CR H2335-2343)

Apr 6, 2015

Placed on the Union Calendar, Calendar No. 36.

Apr 6, 2015

Reported by the Committee on Financial Services. H. Rept. 114-55.

Mar 26, 2015

Ordered to be Reported by the Yeas and Nays: 53 - 5.

Mar 26, 2015

Committee Consideration and Mark-up Session Held.

Mar 25, 2015

Committee Consideration and Mark-up Session Held.

Mar 2, 2015

Referred to the House Committee on Financial Services.

Mar 2, 2015

Introduced in House

Votes taken on this bill 2

Date	Chamber	What was voted on	Result	Yes–No
Apr 22, 2015	House · vote #167	On Passage	Passed	235–183	See who voted →
Apr 22, 2015	House · vote #166	On Motion to Recommit with Instructions	Failed	184–234	See who voted →

Plain-English summary Congressional Research Service

Bureau of Consumer Financial Protection Advisory Boards Act

(Sec. 2) Amends the Consumer Financial Protection Act of 2010 to direct the Director of the Consumer Financial Protection Bureau (CFPB) to establish a Small Business Advisory Board to: (1) advise and consult with the CFPB in the exercise of its functions under the federal consumer financial laws regarding eligible financial products or services, and (2) provide information on evolving small business practices.

Requires Board members to be representatives of small business concerns that:

provide financial products or services for use by consumers primarily for personal, family, or household purposes,
are service providers to covered persons; and
use consumer financial products or services in financing the business activities of such small businesses.

Requires the Director, in making such Board appointments, to include members representing minority-, women-, and veteran-owned small business concerns and their interests, without regard to party affiliation.

Requires the Director to establish a Credit Union Advisory Council and a Community Bank Advisory Council to advise and consult with the CFPB on consumer financial products or services that impact credit unions and community banks, respectively.

Directs the Director, in making appointments to the Councils, to include members representing credit unions and community banks predominantly serving traditionally underserved communities and populations and their interests, without regard to party affiliation.

(Sec. 3) Prohibits the Director from requesting funds: (1) during FY 2020 in an amount that would exceed $655 million, and (2) during FY 2025 in an amount that would exceed $720 million.

What's happening now April 23, 2015

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

Committees of jurisdiction 2