[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5569 Introduced in House (IH)]

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114th CONGRESS
  2d Session
                                H. R. 5569

 To amend the Consumer Financial Protection Act of 2010 to repeal the 
 authority of the Bureau of Consumer Financial Protection to restrict 
                  arbitration, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             June 22, 2016

 Mr. Stutzman 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 repeal the 
 authority of the Bureau of Consumer Financial Protection to restrict 
                  arbitration, 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. REPEAL OF AUTHORITY TO RESTRICT ARBITRATION.

    (a) In General.--Section 1028 of the Consumer Financial Protection 
Act of 2010 (12 U.S.C. 5518) is hereby repealed.
    (b) Clerical Amendment.--The table of contents under section 1(a) 
of the Dodd-Frank Wall Street Reform and Consumer Protection Act is 
amended by striking the item relating to section 1028.
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