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H.R.450: Bureau of Consumer Financial Protection 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 Bill Posey, R-Fla.
Total Cosponsors 2 (All Republicans)
Introduced Feb. 1, 2013
Latest Major Action Oct. 29, 2013
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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 - Amends the Consumer Financial Protection Act of 2010 to subject the Consumer Financial Protection Bureau (CFPB) to regular appropriations.

Repeals the requirement of an annual transfer to the CFPB of funds from the Board of Governors of the Federal Reserve System. Subjects the CFPB to the regular authorization, budget, and appropriations process of the Department of the Treasury.

Repeals establishment of the CFPB Fund.

Replaces the authorization of appropriations for FY2010-FY2014 with an authorization for FY2013 only.

(Source: Congressional Research Service)

Bill Actions

Date Description
Oct. 29, 2013 Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Feb. 1, 2013 Referred to the House Committee on Financial Services.