HR 4773
117th Congress
House
Finance and Financial Sector
Consumer Financial Protection Commission Act
Introduced: July 28, 2021
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 28, 2021
Referred to the House Committee on Financial Services.
Jul 28, 2021
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