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S.205: Responsible Consumer Financial Protection Regulations Act of 2013

About this Bill

You can read the bill
Sponsor Jerry Moran, R-Kan.
Total Cosponsors 0
Introduced Jan. 31, 2013
Latest Major Action Jan. 31, 2013
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Bill Progress

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

Bill Summary

Responsible Consumer Financial Protection Regulations Act of 2013 - Amends the Consumer Financial Protection Act of 2010 (title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act) to replace the position of Director of the Consumer Financial Protection Bureau (CFPB) with a five-member Commission whose members are appointed by the President, by and with the advice and consent of the Senate.

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

Revises procedures for funding the CFPB. Eliminates the Consumer Financial Protection Fund and the requirement that the Board of Governors of the Federal Reserve System transfer funds to the CFPB from the combined earnings of the Federal Reserve System. Authorizes appropriations for FY2013-FY2014.

Directs the CFPB, in prescribing a rule under the federal consumer financial laws, to consider the rule's impact on the ...

(Source: Congressional Research Service)

Bill Actions

Date Description
Jan. 31, 2013 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced in Senate: CR S6079-6080)