H.R.3519: Bureau of Consumer Financial Protection Accountability and Transparency 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 Randy Neugebauer, R-Texas
Total Cosponsors 0
Introduced Nov. 18, 2013
Latest Major Action Feb. 6, 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

Bureau of Consumer Financial Protection Accountability Act and Transparency Act of 2013 - (Sec. 2) Amends the Consumer Financial Protection Act of 2010 to: (1) rename the Consumer Financial Protection Bureau (CFPB) the Financial Product Safety Commission (FPSC) , (2) remove it from the Federal Reserve System, and (3) repeal the authority of the FPSC Director to establish regional offices in cities in which either Federal Reserve Banks or their branches are located.

Repeals the requirement that not fewer than six members of the Consumer Advisory Board be appointed to it by the FPSC Director on a rotating basis upon the recommendation of the regional Federal Reserve Bank Presidents.

(Sec. 3) Repeals the mandatory annual transfer of funds to the CFPB from the Board of Governors of the Federal Reserve System. Subjects the FPSC to the regular authorization, budget, and appropriations process of the Department of the Treasury.

Eliminates the Consumer Financial Protection...

(Source: Congressional Research Service)

Bill Actions

Date Description
Feb. 6, 2014 Placed on the Union Calendar, Calendar No. 257.
Feb. 6, 2014 Reported (Amended) by the Committee on Financial Services. H. Rept. 113-347.
Nov. 21, 2013 Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 24.
Nov. 21, 2013 Committee Consideration and Mark-up Session Held.
Nov. 18, 2013 Referred to the House Committee on Financial Services.
Oct. 29, 2013 Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Introduction and Referral.