3.0.0 3990 2023-01-11T13:46:13Z 2023-01-11T13:46:13Z Senate S 2020-06-17 116 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2020-06-17T22:20:14Z Consumer Financial Protection Commission Act 116 6116 HR 2020-03-05 Referred to the House Committee on Financial Services. Related bill CRS 2020-06-17 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2020-06-17 Introduced in Senate IntroReferral 10000 9 Library of Congress F000463 Sen. Fischer, Deb [R-NE] Deb Fischer R NE N B001261 Sen. Barrasso, John [R-WY] John Barrasso R WY 2020-06-17 True C001096 Sen. Cramer, Kevin [R-ND] Kevin Cramer R ND 2020-06-17 True S001197 Sen. Sasse, Ben [R-NE] Ben Sasse R NE 2020-06-17 True C001095 Sen. Cotton, Tom [R-AR] Tom Cotton R AR 2020-06-17 True P000612 Sen. Perdue, David [R-GA] David Perdue R GA Alfred 2020-06-23 False Finance and Financial Sector Appropriations Banking and financial institutions regulation Consumer Financial Protection Bureau Consumer affairs Consumer credit Executive agency funding and structure Federal Reserve System Federal officials Financial services and investments Finance and Financial Sector 00 2020-06-17 Introduced in Senate 2020-08-23T21:13:55Z Financial Product Safety Commission Act of 2020

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.

]]> Financial Product Safety Commission Act of 2020 Display Title Financial Product Safety Commission Act of 2020 Short Title(s) as Introduced Financial Product Safety Commission Act of 2020 Introduced in Senate IS Official Title as Introduced A bill to amend the Consumer Financial Protection Act of 2010 to make the Bureau of Consumer Financial Protection an independent Financial Product Safety Commission, and for other purposes. Introduced in Senate IS Introduced in Senate 2020-06-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s3990is/xml/BILLS-116s3990is.xml 2020-06-17 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.