3.0.0 5484 2023-03-08T19:58:39Z 2023-03-08T19:58:39Z House HR 2021-10-05 117 [Congressional Record Volume 167, Number 175 (Tuesday, October 5, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GREEN of Texas:H.R. 5484.Congress has the power to enact this legislation pursuantto the following:Necessary and Proper Clause (Art. 1, Sec. 8, Cl. 18)[Page H5600]]]> hsba00 Financial Services Committee House Standing Referred to 2021-10-05T13:01:05Z Financial Compensation for CFPB Whistleblowers Act 117 2775 S 2021-09-21 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS CFPB Whistleblower Incentives and Protection Act 117 5714 HR 2021-10-25 Referred to the House Committee on Financial Services. Related bill CRS 2021-10-05 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2021-10-05 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-10-05 Introduced in House IntroReferral 1000 9 Library of Congress G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 N Finance and Financial Sector Finance and Financial Sector 00 2021-10-05 Introduced in House 2022-02-15T19:10:47Z Financial Compensation for CFPB Whistleblowers Act

This bill requires the Consumer Financial Protection Bureau to provide rewards to whistleblowers who report information relating to a violation of consumer financial law resulting in certain monetary sanctions greater than or equal to $1 million. Specifically, the bureau must award compensation to whistleblowers for 10%-30% of the collected monetary sanctions. In cases where the bureau collects less than $1 million of the imposed monetary sanctions, the bureau must award any single whistleblower 10% of the amount collected or $50,000, whichever is greater. The bill also sets forth requirements regarding the legal representation of a whistleblower and provides for confidentiality regarding the whistleblower's identity.

]]> Financial Compensation for CFPB Whistleblowers Act Display Title Financial Compensation for CFPB Whistleblowers Act Official Title as Introduced To amend the Consumer Financial Protection Act of 2010 to provide for whistleblower incentives and protection. Introduced in House IH Short Title(s) as Introduced Financial Compensation for CFPB Whistleblowers Act Introduced in House IH Introduced in House 2021-10-05T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr5484ih/xml/BILLS-117hr5484ih.xml 2021-10-05 Referred to the House Committee on Financial Services. 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.