[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3601 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 3601

To amend the Consumer Financial Protection Act of 2010 to clarify data 
and information sharing requirements regarding consumer complaints, and 
                          for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 28, 2017

   Mr. Kustoff of Tennessee 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 clarify data 
and information sharing requirements regarding consumer complaints, 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. SHORT TITLE.

    This Act may be cited as the ``Protecting Consumers from Frivolous 
Claims Act of 2017''.

SEC. 2. PROMOTING DISCRETION WITHIN THE CONSUMER FINANCIAL PROTECTION 
              ACT.

    Subsection (b) of section 1013 of the Consumer Financial Protection 
Act of 2010 (12 U.S.C. 5493(b)) is amended--
     (a) in paragraph (1), by striking ``shall establish'' and 
inserting ``may establish'';
    (b) in paragraph (2), by striking ``shall establish'' and inserting 
``may establish''; and
    (c) in subsection (D) of paragraph (3)--
            (1) by striking ``To facilitate preparation of the reports 
        required under subparagraph (C), supervision and enforcement 
        activities, and monitoring of the market for consumer financial 
        products and services, the'' and inserting ``The''; and
            (2) by adding at the end the following: ``Information 
        collected under this paragraph may not be made publicly 
        available.''.
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