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S 2775 117th Congress Senate Finance and Financial Sector

Financial Compensation for CFPB Whistleblowers Act

Introduced: September 21, 2021 Introduced by: Cortez Masto, Catherine Democratic · Nevada See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Sep 21, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 21, 2021
Introduced in Senate
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 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 penalties. In cases where the bureau collects less than $1 million in penalties, 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 September 21, 2021

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

 Related & companion bills 2
  • HR 5714 Related bill CFPB Whistleblower Incentives and Protection Act
  • HR 5484 Related bill Financial Compensation for CFPB Whistleblowers Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 5
D
Blumenthal, Richard
Connecticut · Sep 21, 2021
 D
Durbin, Richard J.
Illinois · Sep 21, 2021
 D
Merkley, Jeff
Oregon · Sep 21, 2021
 D
Smith, Tina
Minnesota · Sep 21, 2021
 D
Warren, Elizabeth
Massachusetts · Sep 21, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2775: Financial Compensation for CFPB Whistleblowers Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-2775/
MLA
"S. 2775: Financial Compensation for CFPB Whistleblowers Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-2775/.
Bluebook (legal)
S. 2775, 117th Cong. (2026), https://openamerica.io/bill/117-S-2775/.
Markdown link
[S. 2775: Financial Compensation for CFPB Whistleblowers Act](https://openamerica.io/bill/117-S-2775/)
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