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HR 5266 115th Congress House

Financial Product Safety Commission Act of 2018

Official title: To amend the Consumer Financial Protection Act of 2010 to make the Bureau of Consumer Financial Protection an independent Financial Product Safety Commission, and for other purposes.

Introduced: April 12, 2018 See on congress.gov
Finance and Financial Sector AppropriationsBanking and financial institutions regulationConsumer Financial Protection BureauConsumer affairs
More subjectsShow fewer subjects
Consumer creditExecutive agency funding and structureFederal Reserve SystemFederal officialsFinancial services and investments
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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
Mar 13, 2018
Referred to the House Committee on Financial Services.
Mar 13, 2018
Introduced in House
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 Latest action March 13, 2018

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Financial Product Safety Commission Act of 2018

This bill removes the Consumer Financial Protection Bureau from the Federal Reserve System, converts the bureau into an independent commission, and modifies its leadership structure. 

 Related & companion bills 1
  • HR 1018 Related bill CFPB Constitutional Reform Act of 2017
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 16
All 16 Democratic 2 Republican 6
Coffman, Mike
· Oct 19, 2018
 R
Hill, J. French
Arkansas · Oct 5, 2018
 R
Emmer, Tom
Minnesota · Sep 25, 2018
 R
Huizenga, Bill
Michigan · Sep 25, 2018
Messer, Luke
· Sep 25, 2018
Rothfus, Keith
· Sep 7, 2018
 R
Barr, Andy
Kentucky · Sep 6, 2018
Hultgren, Randy
· Sep 6, 2018
 R
Lucas, Frank D.
Oklahoma · Sep 6, 2018
ROYCE, ED
· Sep 6, 2018
Tipton, Scott
· Sep 6, 2018
Duffy, Sean
· Jul 11, 2018
 D
Meeks, Gregory W.
New York · Jul 11, 2018
McHenry, Patrick
· Jun 1, 2018
 D
Gonzalez, Vicente
Texas · Apr 12, 2018
 R
Wagner, Ann
Missouri · Mar 13, 2018
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5266: Financial Product Safety Commission Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-HR-5266/
MLA
"H.R. 5266: Financial Product Safety Commission Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-5266/.
Bluebook (legal)
H.R. 5266, 115th Cong. (2026), https://openamerica.io/bill/115-HR-5266/.
Markdown link
[H.R. 5266: Financial Product Safety Commission Act of 2018](https://openamerica.io/bill/115-HR-5266/)
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