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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
You can read the bill
Sponsor Shelley Moore Capito, R-W.Va.
Total Cosponsors 13 (All Republicans)
Introduced Oct. 30, 2013
Latest Major Action June 11, 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

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 Treasury's general fund.

(Source: Congressional Research Service)

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.