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H.R.3193: Consumer Financial Freedom and Washington Accountability Act

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about finance and financial sector
You can read the bill
Sponsor Sean Duffy, R-Wis.
Total Cosponsors 0
Introduced Sept. 26, 2013
Latest Major Action March 4, 2014
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Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

Consumer Financial Freedom and Washington Accountability Act - (Sec. 2) Amends the Consumer Financial Protection Act of 2010 to establish, in lieu of the Consumer Financial Protection Bureau (CFPB), an independent Financial Product Safety Commission to regulate the offering and provision of consumer financial products or services under federal consumer financial laws.

Replaces the position of Director of the CFPB with a Commission composed of the Vice Chairman for Supervision of the Federal Reserve System and four additional members appointed by the President, by and with the advice and consent of the Senate, each to serve for a term of five years.

Prohibits the Chair of the Commission from making requests for estimates related to appropriations without the Commission's prior approval.

Repeals requirements for funding the CFPB, including the Consumer Financial Protection Fund.

Subjects the Commission to the congressional appropriations process. Autho...

(Source: Congressional Research Service)

Bill Actions

Date Description
March 4, 2014 Received in the Senate.
Feb. 27, 2014 Motion to reconsider laid on the table Agreed to without objection.
Feb. 27, 2014

On passage Passed by recorded vote: 232 - 182 (Roll no. 85).

Feb. 27, 2014

On motion to recommit with instructions Failed by recorded vote: 194 - 223 (Roll no. 84). (consideration: CR H2053-2054)

Feb. 27, 2014 The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H2053-2054; text: CR H2052)
Feb. 27, 2014 DEBATE - The House proceeded with 10 minutes of debate on the Shea-Porter motion to recommit with instructions. The instructions contained in the motion seek to report the same back to the House forthwith with an amendment to clarify that nothing in the underlying legislation may prohibit the Consumer Financial Protection Bureau from (1) informing consumers of any breach of personal information, while providing guidance on how to avoid such breaches in the future; (2) protecting services members from predatory payday lenders on or near military bases; or (3) investigating and enforcing sanctions related to ATM or private student loan fees.
Feb. 27, 2014 Ms. Shea-Porter moved to recommit with instructions to Financial Services. (consideration: CR H2052-2054)
Feb. 27, 2014 The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union. (text of amendment in the nature of a substitute: CR H2037-2039)
Feb. 27, 2014 The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3193.
Feb. 27, 2014 UNFINISHED BUSINESS - The Chair announced that the unfinished business was the question on adoption of amendments which had been debated earlier and on which further proceedings had been postponed.
Feb. 27, 2014 The House resolved into Committee of the Whole House on the state of the Union for further consideration.
Feb. 27, 2014 Considered as unfinished business. (consideration: CR H2050-2055)
Feb. 27, 2014 Committee of the Whole House on the state of the Union rises leaving H.R. 3193 as unfinished business.
Feb. 27, 2014 On motion that the Committee rise Agreed to by voice vote.
Feb. 27, 2014 Mr. Hensarling moved that the Committee rise.
Feb. 27, 2014 POSTPONED PROCEEDINGS - At the conclusion of debate on the Moore Part B amendment No. 4, the Chair put the question on adoption of the amendment, and by voice vote annnounced that the noes had prevailed. Ms. Moore demanded a recorded vote, and the Chair postponed further proceedings on adoption of the amendment until later in the legislative day.
Feb. 27, 2014 DEBATE - Pursuant to the provisions of H. Res. 475, the Committee of the Whole proceeded with 10 minutes of debate on the Moore Part B Amendment No. 4.
Feb. 27, 2014 POSTPONED PROCEEDINGS - At the conclusion of debate on the DeSantis Part B amendment No. 3, the Chair put the question on adoption of the amendment, and by voice vote annnounced that the ayes had prevailed. Ms. Water demanded a recorded vote, and the Chair postponed further proceedings on adoption of the amendment until later in the legislative day.
Feb. 27, 2014 DEBATE - Pursuant to the provisions of H. Res. 475, the Committee of the Whole proceeded with 10 minutes of debate on the DeSantis Part B Amendment No. 3.
Feb. 27, 2014 POSTPONED PROCEEDINGS - At the conclusion of debate on the Rigell Part B amendment No. 1, the Chair put the question on adoption of the amendment, and by voice vote annnounced that the ayes had prevailed. Ms. Water demanded a recorded vote, and the Chair postponed further proceedings on adoption of the amendment until later in the legislative day.
Feb. 27, 2014 DEBATE - Pursuant to the provisions of H. Res. 475, the Committee of the Whole proceeded with 10 minutes of debate on the Rigell Part B Amendment No. 1.
Feb. 27, 2014 GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3193.
Feb. 27, 2014 The Speaker designated the Honorable Reid J. Ribble to act as Chairman of the Committee.
Feb. 27, 2014 House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 475 and Rule XVIII.
Feb. 27, 2014 Rule provides for consideration of H.R. 3193 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule an amendment in the nature of a substitute consisting of the text of Rules Committee Print 113-36 modified by the amendment printed in part A of the report. No amendment to that amendment in the nature of a substitute shall be in order except those printed in part B of the report.
Feb. 27, 2014 Considered under the provisions of rule H. Res. 475. (consideration: CR H2028-2043)
Feb. 11, 2014 Rule H. Res. 475 passed House.
Feb. 10, 2014 Rules Committee Resolution H. Res. 475 Reported to House. Rule provides for consideration of H.R. 3193 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule an amendment in the nature of a substitute consisting of the text of Rules Committee Print 113-36 modified by the amendment printed in part A of the report. No amendment to that amendment in the nature of a substitute shall be in order except those printed in part B of the report.
Feb. 6, 2014 Placed on the Union Calendar, Calendar No. 256.
Feb. 6, 2014 Reported by the Committee on Financial Services. H. Rept. 113-346.
Nov. 21, 2013 Ordered to be Reported by the Yeas and Nays: 32 - 25.
Nov. 21, 2013 Committee Consideration and Mark-up Session Held.
Oct. 29, 2013 Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Sept. 26, 2013 Referred to the House Committee on Financial Services.