H.R.557: Consumer Financial Protection Oversight Act of 2011

About This Bill

  • This bill was introduced in the 112th Congress
  • This bill is primarily about finance and financial sector
  • Introduced Feb. 8, 2011
  • Latest Major Action March 23, 2011

Bill Summary

Consumer Financial Protection Oversight Act of 2011 - Amends the Consumer Financial Protection Act of 2010 to transfer to the Department of the Treasury the Bureau of Consumer Financial Protection (CFPB) currently established as an independent bureau in the Federal Reserve System. Prohibits the Secretary of the Treasury from interfering with the autonomy granted the Bureau under such Act. Eliminates Bureau participation in both the Federal...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Financial Services.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Feb. 8, 2011

Introduced in the House by Randy Neugebauer (R-Texas)

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