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
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
Plain-English summary
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
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1