Skip to main content
S 3975 116th Congress Senate Finance and Financial Sector Administrative remedies Civil actions and liability Congressional oversight Consumer Financial Protection Bureau Consumer affairs Consumer credit Employment discrimination and employee rights Fraud offenses and financial crimes Government information and archives Judicial review and appeals Lawyers and legal services Right of privacy

Financial Compensation for CFPB Whistleblowers Act

Introduced: June 17, 2020 Introduced by: Cortez Masto, Catherine Democratic · Nevada See on congress.gov
Sign in to write a letter Sign in to watch
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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 29, 2020
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-441.
Jun 17, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 17, 2020
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Financial Compensation for CFPB Whistleblowers Act

This bill requires the Consumer Financial Protection Bureau to provide rewards to whistleblowers who report information relating to a violation of consumer financial law resulting in certain monetary sanctions exceeding $1 million. Specifically, the bureau must award compensation to whistleblowers for 10%-30% of the collected monetary sanctions. In cases where the bureau is unable to collect at least $1 million of the imposed sanctions, the bureau must award any single whistleblower 10% of the amount collected or $50,000, whichever is greater. The bill also sets forth requirements regarding the legal representation of a whistleblower and provides for confidentiality regarding the whistleblower's identity.

What's happening now July 29, 2020

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-441.

 Related & companion bills 1
  • HR 7793 Related bill Financial Compensation for CFPB Whistleblowers Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 6
D
Blumenthal, Richard
Connecticut · Jun 17, 2020
 D
Durbin, Richard J.
Illinois · Jun 17, 2020
 D
Merkley, Jeff
Oregon · Jun 17, 2020
 D
Smith, Tina
Minnesota · Jun 17, 2020
 D
Warren, Elizabeth
Massachusetts · Jun 17, 2020
 D
Wyden, Ron
Oregon · Jun 17, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3975: Financial Compensation for CFPB Whistleblowers Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-3975/
MLA
"S. 3975: Financial Compensation for CFPB Whistleblowers Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-3975/.
Bluebook (legal)
S. 3975, 116th Cong. (2026), https://openamerica.io/bill/116-S-3975/.
Markdown link
[S. 3975: Financial Compensation for CFPB Whistleblowers Act](https://openamerica.io/bill/116-S-3975/)
Report a problem