H.R.3389: CFPB Slush Fund Elimination Act of 2013

About This Bill

  • This bill was introduced in the 113th Congress
  • This bill is primarily about finance and financial sector
  • Introduced Oct. 30, 2013
  • Latest Major Action June 11, 2014

Bill Summary

CFPB Slush Fund Elimination Act of 2013 - Amends the Consumer Financial Protection Act of 2010 to repeal the Consumer Financial Civil Penalty Fund, into which are deposited any civil penalties paid in judicial or administrative actions under federal consumer financial laws. Requires the Board of Governors of the Federal Reserve System to deposit all such civil penalties, and all amounts currently in the Civil Penalty Fund, into the...

(Source: Library of Congress)

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.3389.

Bill Actions

Date Description
June 11, 2014
Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 27.
June 11, 2014
Committee Consideration and Mark-up Session Held.
May 21, 2014
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Oct. 30, 2013
Referred to the House Committee on Financial Services.
Oct. 30, 2013

Introduced in the House by Shelley Moore Capito (R-W.Va.)

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