118th Congress · HOUSE BILLBILL

H.R. 1410 — Consumer Financial Protection Commission Act

“To amend the Consumer Financial Protection Act of 2010 to make the Bureau of Consumer Financial Protection an independent Consumer Financial Protection Commission, and for other purposes.”

Finance and financial sector

Introduced Mar 7, 2023

Last action Mar 7, 2023

Pipeline · Bill → Law

Step 1

Introduced

Mar 7, 2023

Step 2

Referred

Mar 7, 2023

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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.

Provisions · 4 sectionsIntroduced in House

Timeline · 2 actions

Mar 7, 2023

Introduced in House

Mar 7, 2023

Referred to the House Committee on Financial Services.