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HR 2465 118th Congress House Finance and Financial Sector

Financial Compensation for CFPB Whistleblowers Act

Introduced: April 3, 2023 Introduced by: Green, Al Democratic · Texas See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 3, 2023
Referred to the House Committee on Financial Services.
Apr 3, 2023
Introduced in House
 Plain-English summary Congressional Research Service

Financial Compensation for CFPB Whistleblowers Act

This bill requires the Consumer Financial Protection Bureau to provide awards to whistleblowers who report information resulting in monetary sanctions.

Whistleblowers claiming an award are permitted to have legal representation. Anonymous whistleblowers claiming an award are required to have legal representation and must disclose their identity to the bureau. The bureau may not disclose an anonymous whistleblower's identity except in limited circumstances, including to other government agencies in the course of an investigation.

The protections in this bill may not be waived by any employment agreement, including by a predispute arbitration agreement.

What's happening now April 3, 2023

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1