3.0.0 557 2023-01-11T13:20:40Z 2023-01-11T13:20:40Z House H HR 2011-02-08 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. NEUGEBAUER:H.R. 557.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18: The Congress shall havePower to make all Laws which shall be necessary and properfor carrying into Execution the foregoing Powers, and allother Powers vested by the Constitution in the Government ofthe United States, or in any Department or Officer thereof.[Page H552]]]> hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2011-03-23T16:04:19Z Referred to 2011-02-08T19:06:45Z 2011-03-23 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2011-02-08 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-02-08 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-02-08 Introduced in House IntroReferral 1000 9 Library of Congress N000182 Rep. Neugebauer, Randy [R-TX-19] Randy Neugebauer R TX 19 N Finance and Financial Sector Consumer Financial Protection Bureau Consumer affairs Department of the Treasury Executive agency funding and structure Federal Reserve System Finance and Financial Sector 00 2011-02-08 Introduced in House 2011-03-25T15:19:36Z Consumer Financial Protection Oversight Act of 2011 - Amends the Consumer Financial Protection Act of 2010 to transfer to the Department of the Treasury the Bureau of Consumer Financial Protection (CFPB) currently established as an independent bureau in the Federal Reserve System.

Prohibits the Secretary of the Treasury from interfering with the autonomy granted the Bureau under such Act.

Eliminates Bureau participation in both the Federal Reserve System Retirement Plan and in the Federal Reserve System Thrift Plan.

]]> Consumer Financial Protection Oversight Act of 2011 Display Title Consumer Financial Protection Oversight Act of 2011 Official Title as Introduced To amend the Consumer Financial Protection Act of 2010 to move the Bureau of Consumer Financial Protection into the Department of the Treasury. Introduced in House IH Short Titles as Introduced Consumer Financial Protection Oversight Act of 2011 Introduced in House 2011-02-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr557ih/xml/BILLS-112hr557ih.xml 2011-03-23 Referred to the Subcommittee on Financial Institutions and Consumer Credit. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.