117 S1227 IS: CFPB Pay Fairness Act of 2021 U.S. Senate 2021-04-20 text/xml EN 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.

II117th CONGRESS1st SessionS. 1227IN THE SENATE OF THE UNITED STATESApril 20, 2021Mr. 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 AffairsA BILLTo 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.

1.

Short title

This Act may be cited as the CFPB Pay Fairness Act of 2021.

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.