H.R. 6116
Referred to CommitteeConsumer Financial Protection Commission Act
Latest Action
Referred to the House Committee on Financial Services.
3/5/2020 • House
Summary
Consumer Financial Protection Commission Act
This bill removes the Consumer Financial Protection Bureau from the Federal Reserve System, converts the bureau into an independent commission, and modifies its leadership structure. Specifically, the bill eliminates the positions of director and deputy director and establishes a five-person commission appointed by the President and confirmed by the Senate.
Introduced in House • 3/5/2020
Topics & Subjects
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Related Federal Spending
Sponsor & Cosponsors (26)
Party Breakdown
Sponsor
Cosponsors (25)
Bill Journey
Originated in the House
Introduced
March 5, 2020
Referred to the House Committee on Financial Services.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law