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HR 6116 116th Congress House Finance and Financial Sector Appropriations Banking and financial institutions regulation Consumer Financial Protection Bureau Consumer affairs Consumer credit Executive agency funding and structure Federal Reserve System Federal officials Financial services and investments

Consumer Financial Protection Commission Act

Introduced: March 5, 2020 See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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 5, 2020
Referred to the House Committee on Financial Services.
Mar 5, 2020
Introduced in House
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 Plain-English summary Congressional Research Service

Consumer Financial Protection Commission Act

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. Specifically, the bill eliminates the positions of director and deputy director and establishes a five-person commission appointed by the President and confirmed by the Senate.

What's happening now March 5, 2020

Referred to the House Committee on Financial Services.

 Related & companion bills 1
  • S 3990 Related bill Financial Product Safety Commission Act of 2020
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 22
All 22 Republican 15
R
Barr, Andy
Kentucky · Mar 5, 2020
 R
Budd, Ted
North Carolina · Mar 5, 2020
 R
Davidson, Warren
Ohio · Mar 5, 2020
 R
Emmer, Tom
Minnesota · Mar 5, 2020
Gonzalez, Anthony
· Mar 5, 2020
 R
Gooden, Lance
Texas · Mar 5, 2020
 R
Hill, J. French
Arkansas · Mar 5, 2020
Hollingsworth, Trey
· Mar 5, 2020
 R
Huizenga, Bill
Michigan · Mar 5, 2020
 R
Kustoff, David
Tennessee · Mar 5, 2020
 R
Loudermilk, Barry
Georgia · Mar 5, 2020
 R
Lucas, Frank D.
Oklahoma · Mar 5, 2020
McHenry, Patrick
· Mar 5, 2020
 R
Rose, John W.
Tennessee · Mar 5, 2020
 R
Steil, Bryan
Wisconsin · Mar 5, 2020
Stivers, Steve
· Mar 5, 2020
Taylor, Van
· Mar 5, 2020
 R
Timmons, William R.
South Carolina · Mar 5, 2020
Tipton, Scott
· Mar 5, 2020
 R
Wagner, Ann
Missouri · Mar 5, 2020
 R
Williams, Roger
Texas · Mar 5, 2020
Zeldin, Lee
· Mar 5, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6116: Consumer Financial Protection Commission Act. 116th Congress. Open America. https://openamerica.io/bill/116-HR-6116/
MLA
"H.R. 6116: Consumer Financial Protection Commission Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-6116/.
Bluebook (legal)
H.R. 6116, 116th Cong. (2026), https://openamerica.io/bill/116-HR-6116/.
Markdown link
[H.R. 6116: Consumer Financial Protection Commission Act](https://openamerica.io/bill/116-HR-6116/)
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