HR 4773
Consumer Financial Protection Commission Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill proposes to transform the Consumer Financial Protection Bureau (CFPB) into an independent commission called the Consumer Financial Protection Commission. It removes the CFPB’s current structure, eliminating the roles of Director and Deputy Director, and establishes a five-member commission appointed by the President and confirmed by the Senate. The bill also modifies leadership terms and compensation, aiming to provide greater independence and oversight for the agency’s activities.
Sponsors
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Primary sponsor
Blaine Luetkemeyer
Cosponsors
Alexander X. Mooney
Anthony Gonzalez
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