[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 1227 Introduced in Senate (IS)]

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117th CONGRESS
  1st Session
                                S. 1227

To amend the Consumer Financial Protection Act of 2010 to set the rate 
of pay for employees of the Bureau of Consumer Financial Protection in 
                 accordance with the General Schedule.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 20, 2021

Mr. Kennedy (for himself, Mr. Barrasso, and Mr. Tillis) introduced the 
 following bill; which was read twice and referred to the Committee on 
                  Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
To amend the Consumer Financial Protection Act of 2010 to set the rate 
of pay for employees of the Bureau of Consumer Financial Protection in 
                 accordance with the General Schedule.

    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 ``CFPB Pay Fairness Act of 2021''.

SEC. 2. RATE OF PAY FOR EMPLOYEES OF THE BUREAU OF CONSUMER FINANCIAL 
              PROTECTION.

    (a) In General.--Section 1013(a)(2) of the Consumer Financial 
Protection Act of 2010 (12 U.S.C. 5493(a)(2)) is amended to read as 
follows:
            ``(2) Compensation.--The rates of basic pay for all 
        employees of the Bureau shall be set and adjusted by the 
        Director in accordance with the General Schedule set forth in 
        section 5332 of title 5, United States Code.''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
take effect on the date that is 90 days after the date of enactment of 
this Act.
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