S. 3318 · 114th Congress
Consumer Financial Protection Bureau Accountability Act of 2016
- Stage
- Introduced
- Sponsor
- David Perdue
- Introduced
- 2016-09-13
- Latest action
- 2016-09-14 · Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 627.
Summary
Consumer Financial Protection Bureau Accountability Act of 2016
This bill amends the Consumer Financial Protection Act of 2010 to change the source of funding for the Consumer Financial Protection Bureau (CFPB) from Federal Reserve System transfers to annual appropriations. Under current law, the transfers from the Federal Reserve System permit the CFPB to be funded outside of the annual appropriations process.