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<BillSummaries>
<item congress="113" measure-type="hr" measure-number="3519" measure-id="id113hr3519" originChamber="HOUSE" orig-publish-date="2013-11-18" update-date="2014-04-03">
<title>Bureau of Consumer Financial Protection Accountability and Transparency Act of 2013</title>
<summary summary-id="id113hr3519v17" currentChamber="HOUSE" update-date="2014-04-03">
<action-date>2014-02-06</action-date>
<action-desc>Reported to House amended</action-desc>
<summary-text><![CDATA[<p> Bureau of Consumer Financial Protection Accountability Act and Transparency Act of 2013 - (Sec. 2) Amends the Consumer Financial Protection Act of 2010 to: (1) rename the Consumer Financial Protection Bureau (CFPB) the Financial Product Safety Commission (FPSC) , (2) remove it from the Federal Reserve System, and (3) repeal the authority of the FPSC Director to establish regional offices in cities in which either Federal Reserve Banks or their branches are located. </p> <p>Repeals the requirement that not fewer than six members of the Consumer Advisory Board be appointed to it by the FPSC Director on a rotating basis upon the recommendation of the regional Federal Reserve Bank Presidents. <p>(Sec. 3) Repeals the mandatory annual transfer of funds to the CFPB from the Board of Governors of the Federal Reserve System. Subjects the FPSC to the regular authorization, budget, and appropriations process of the Department of the Treasury. <p>Eliminates the Consumer Financial Protection Fund. <p> Authorizes appropriations for each of FY2014 and FY2015. <p>(Sec. 4) Deems any reference in any record of the United States to the CFPB to be a reference to the FPSC.</p>]]></summary-text>
</summary>
<summary summary-id="id113hr3519v00" currentChamber="HOUSE" update-date="2014-04-11">
<action-date>2013-11-18</action-date>
<action-desc>Introduced in House</action-desc>
<summary-text><![CDATA[<p> Bureau of Consumer Financial Protection Accountability and Transparency Act of 2013 - Amends the Consumer Financial Protection Act of 2010 to: (1) remove the Consumer Financial Protection Bureau (CFPB) from the Federal Reserve System, and (2) repeal the authority of the CFPB Director to establish CFPB regional offices in cities in which are located either Federal Reserve Banks or their branches. </p> <p>Repeals the mandatory annual transfer of funds to the CFPB from the Board of Governors of the Federal Reserve System. Subjects the CFPB to the regular authorization, budget, and appropriations process of the Department of the Treasury.</p> <p>Repeals establishment of the CFPB Fund.</p> <p>Revises authorization of appropriations for FY2010-FY2014 with an authorization for each of FY2014 and FY2015.</p>]]></summary-text>
</summary>
</item>
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<dc:language>EN</dc:language>
<dc:rights>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.</dc:rights>
<dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
<dc:description>This file contains bill summaries 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.</dc:description>
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