3.0.0 4662 2023-01-11T13:26:28Z 2023-01-11T13:26:28Z House H HR 2014-05-15 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. POSEY:H.R. 4662.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3[Page H4434]]]> hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Hearings by 2014-05-21T21:09:54Z Markup by 2014-06-11T17:55:52Z Referred to 2014-05-15T18:00:37Z 2014-06-11 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 27. Committee 2014-06-11 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2014-05-21 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral. Committee 2014-05-15 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2014-05-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-05-15 Introduced in House IntroReferral 1000 9 Library of Congress P000599 Rep. Posey, Bill [R-FL-8] Bill Posey R FL 8 N W000812 Rep. Wagner, Ann [R-MO-2] Ann Wagner R MO 2 2014-05-19 False Finance and Financial Sector Administrative remedies Banking and financial institutions regulation Consumer Financial Protection Bureau Consumer affairs Consumer credit Financial services and investments Government information and archives Small business Finance and Financial Sector 00 2014-05-15 Introduced in House 2016-09-26T22:07:31Z Bureau Advisory Opinion Act - Amends the Consumer Financial Protection Act of 2010 to require the Director of the Consumer Financial Protection Bureau (CFPB) to: (1) establish a procedure to respond to specific inquiries by a covered person concerning conformance of prospective conduct with federal consumer financial law, and (2) issue an opinion in response to the inquiry within 90 days (with a single allowable extension of another 45 days).

(A "covered person" under the Act is: (1) any person that engages in offering or providing a consumer financial product or service, and (2) any affiliate of that person if the affiliate acts as a service provider to the person.)

Creates a rebuttable presumption in any action brought under federal consumer financial law that any conduct for which the Director has issued an opinion that it is in conformity with the opinion is indeed in compliance with federal consumer financial law.

Exempts such inquiries and advisory opinions from disclosure under the Freedom of Information Act.

]]> Bureau Advisory Opinion Act Display Title Bureau Advisory Opinion Act Official Title as Introduced To amend the Consumer Financial Protection Act of 2010 to establish an advisory opinion process for the Bureau of Consumer Financial Protection, and for other purposes. Introduced in House IH Short Titles as Introduced Bureau Advisory Opinion Act Introduced in House 2014-05-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4662ih/xml/BILLS-113hr4662ih.xml 2014-06-11 Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 27. 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.