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HR 3445 119th Congress House Finance and Financial Sector

Bureau of Consumer Financial Protection Commission Act

Introduced: November 19, 2025 Introduced by: Huizenga, Bill Republican · Michigan 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
May 15, 2025
Introduced in House
May 15, 2025
Referred to the House Committee on Financial Services.
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 Plain-English summary Congressional Research Service

Bureau of Consumer Financial Protection Commission Act

This bill restructures the Consumer Financial Protection Bureau (CFPB) and creates a five-member commission to manage the bureau. Currently, the CFPB is an autonomous bureau within the Federal Reserve System and is led by a director who is appointed by the President with the advice and consent of the Senate.

The bill removes the CFPB from the Federal Reserve System and reestablishes it as an independent agency.

The commission established by this bill is composed of five members appointed by the President with the advice and consent of the Senate, with one member selected by the President to serve as chair of the commission. No more than three commissioners may be members of the same political party. The bill also sets forth provisions regarding terms, quorums, and vacancies. The bill specifies that the President may a remove a commissioner for inefficiency, neglect of duty, or malfeasance in office.

The bill also revises the membership requirements of the Consumer Advisory Board. The board advises and consults with the CFPB regarding relevant consumer financial laws and provides information on emerging practices in the consumer financial products and services industry. Currently, at least six members must be appointed upon recommendation of the regional Federal Reserve Bank presidents. The bill removes this requirement and requires at least half of all members to have private sector experience.

What's happening now May 15, 2025

Referred to the House Committee on Financial Services.

 Hearings & markups 1
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 26

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

See all 26 filings →
 Cosponsors 10
All 10 Republican 10
R
Mann, Tracey
Kansas · Apr 9, 2026
 R
Buchanan, Vern
Florida · Nov 19, 2025
 R
Loudermilk, Barry
Georgia · Nov 19, 2025
 R
Williams, Roger
Texas · Jun 12, 2025
 R
Barr, Andy
Kentucky · May 15, 2025
 R
Fitzgerald, Scott
Wisconsin · May 15, 2025
 R
Meuser, Daniel
Pennsylvania · May 15, 2025
 R
Moore, Tim
North Carolina · May 15, 2025
 R
Rose, John W.
Tennessee · May 15, 2025
 R
Timmons, William R.
South Carolina · May 15, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3445: Bureau of Consumer Financial Protection Commission Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-3445/
MLA
"H.R. 3445: Bureau of Consumer Financial Protection Commission Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-3445/.
Bluebook (legal)
H.R. 3445, 119th Cong. (2026), https://openamerica.io/bill/119-HR-3445/.
Markdown link
[H.R. 3445: Bureau of Consumer Financial Protection Commission Act](https://openamerica.io/bill/119-HR-3445/)
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