3.0.0 365 2023-01-11T13:34:47Z 2023-01-11T13:34:47Z Senate S 2017-02-13 115 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2017-02-14T00:11:44Z 2017-02-13 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2017-02-13 Introduced in Senate IntroReferral 10000 9 Library of Congress R000605 Sen. Rounds, Mike [R-SD] Mike Rounds R SD N C001098 Sen. Cruz, Ted [R-TX] Ted Cruz R TX 2017-03-28 False Finance and Financial Sector Banking and financial institutions regulation Civil actions and liability Consumer Financial Protection Bureau Consumer credit Executive agency funding and structure Federal Reserve System Government trust funds Finance and Financial Sector 00 2017-02-13 Introduced in Senate 2018-02-08T20:02:16Z This bill amends the Consumer Financial Protection Act of 2010 to eliminate funding for the Consumer Financial Protection Bureau (CFPB).

Under current law, amounts from civil penalties obtained by the CFPB must be used for payments to the victims of the activities for which the civil penalties were imposed; to the extent that such payments are impracticable, the CFPB may instead use those amounts for the purpose of consumer education and financial literacy programs. The bill eliminates these requirements and instead specifies that such amounts must be credited to the Treasury.

]]> A bill to amend the Consumer Financial Protection Act of 2010 to remove the funding cap relating to the transfer of funds from the Board of Governors of the Federal Reserve System to the Bureau of Consumer Financial Protection, and for other purposes. Display Title A bill to amend the Consumer Financial Protection Act of 2010 to remove the funding cap relating to the transfer of funds from the Board of Governors of the Federal Reserve System to the Bureau of Consumer Financial Protection, and for other purposes. Official Title as Introduced A bill to amend the Consumer Financial Protection Act of 2010 to remove the funding cap relating to the transfer of funds from the Board of Governors of the Federal Reserve System to the Bureau of Consumer Financial Protection, and for other purposes. Introduced in Senate IS Introduced in Senate 2017-02-13T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s365is/xml/BILLS-115s365is.xml 2017-02-13 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.