[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5522 Introduced in House (IH)]

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114th CONGRESS
  2d Session
                                H. R. 5522

To amend the Consumer Financial Protection Act of 2010 to require that 
   civil investigative demands be appealed to courts, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 16, 2016

  Mr. Pearce introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To amend the Consumer Financial Protection Act of 2010 to require that 
   civil investigative demands be appealed to courts, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CIVIL INVESTIGATIVE DEMANDS TO BE APPEALED TO COURTS.

    Section 1052 of the Consumer Financial Protection Act of 2010 (12 
U.S.C. 5562) is amended--
            (1) in subsection (c)--
                    (A) in paragraph (2), by inserting after ``shall 
                state'' the following: ``with specificity''; and
                    (B) by adding at the end the following:
            ``(14) Meeting requirement.--The recipient of a civil 
        investigative demand shall meet and confer with a Bureau 
        investigator within 30 calendar days after receipt of the 
        demand to discuss and attempt to resolve all issues regarding 
        compliance with the civil investigative demand, unless the 
        Bureau grants an extension requested by such recipient.'';
            (2) in subsection (f)--
                    (A) by amending paragraph (1) to read as follows:
            ``(1) In general.--Not later than 45 days after the service 
        of any civil investigative demand upon any person under 
        subsection (c), or at any time before the return date specified 
        in the demand, whichever period is shorter, or within such 
        period exceeding 45 days after service or in excess of such 
        return date as may be prescribed in writing, subsequent to 
        service, by any Bureau investigator named in the demand, such 
        person may file, in the district court of the United States for 
        any judicial district in which such person resides, is found, 
        or transacts business, a petition for an order modifying or 
        setting aside the demand.''; and
                    (B) in paragraph (2), by striking ``at the 
                Bureau''; and
            (3) in subsection (h)--
                    (A) by striking ``(1) In general.--'' ; and
                    (B) by striking paragraph (2).
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