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S 365 115th Congress Senate Finance and Financial Sector Banking and financial institutions regulation Civil actions and liability Consumer Financial Protection Bureau Consumer credit Executive agency funding and structure Federal Reserve System Government trust funds

A bill to amend the Consumer Financial Protection Act of 2010 to remove the funding cap relating to the transfer of funds from the Board of Governors of the Federal Reserve System to the Bureau of…

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A bill to amend the Consumer Financial Protection Act of 2010 to remove the funding cap relating to the transfer of funds from the Board of Governors of the Federal Reserve System to the Bureau of Consumer Financial Protection, and for other purposes.

Introduced: February 13, 2017 Introduced by: Rounds, Mike Republican · South Dakota See on congress.gov
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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
Feb 13, 2017
Introduced in Senate
Feb 13, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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 Plain-English summary Congressional Research Service

This bill amends the Consumer Financial Protection Act of 2010 to eliminate funding for the Consumer Financial Protection Bureau (CFPB).

Under current law, amounts from civil penalties obtained by the CFPB must be used for payments to the victims of the activities for which the civil penalties were imposed; to the extent that such payments are impracticable, the CFPB may instead use those amounts for the purpose of consumer education and financial literacy programs. The bill eliminates these requirements and instead specifies that such amounts must be credited to the Treasury.

What's happening now February 13, 2017

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

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Cruz, Ted
Texas · Mar 28, 2017
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APA
U.S. Congress. (2026). S. 365: A bill to amend the Consumer Financial Protection Act of 2010 to remove the funding cap relating to the transfer of funds from the Board of Governors of the Federal Reserve System to the Bureau of Consumer Financial Protection, and for other purposes.. 115th Congress. Open America. https://openamerica.io/bill/115-S-365/
MLA
"S. 365: A bill to amend the Consumer Financial Protection Act of 2010 to remove the funding cap relating to the transfer of funds from the Board of Governors of the Federal Reserve System to the Bureau of Consumer Financial Protection, and for other purposes.." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-365/.
Bluebook (legal)
S. 365, 115th Cong. (2026), https://openamerica.io/bill/115-S-365/.
Markdown link
[S. 365: A bill to amend the Consumer Financial Protection Act of 2010 to remove the funding cap relating to the transfer of funds from the Board of Governors of the Federal Reserve System to the Bureau of Consumer Financial Protection, and for other purposes.](https://openamerica.io/bill/115-S-365/)
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