H.R. 1261 · 114th Congress
Bureau of Consumer Financial Protection Accountability Act of 2015
- Stage
- In committee
- Sponsor
- Sean Duffy
- Introduced
- 2015-03-04
- Latest action
- 2015-03-04 · Introduced in House
Summary
Bureau of Consumer Financial Protection Accountability Act of 2015
This bill amends the Consumer Financial Protection Act of 2010 to eliminate provisions that fund the Consumer Financial Protection Bureau (CFPB) using transfers from the earnings of the Federal Reserve System. The transfers under current law permit the CFPB to be funded outside of the annual appropriations process, and this bill brings the CFPB into the regular process.