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- S.365
S.365: A bill to amend the Consumer Financial Protection Act of 2010 to remove the funding cap relating to the transfer of funds from the Board of Governors of the Federal Reserve System to the Bureau of Consumer Financial Protection, and for other purposes.
About This Bill
- Introduced Feb. 13, 2017
- Latest Major Action Feb. 13, 2017
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - Feb. 13, 2017
Bill Summary
This bill amends the Consumer Financial Protection Act of 2010 to eliminate funding for the Consumer Financial Protection Bureau (CFPB). Under current law, amounts from civil penalties obtained by the CFPB must be used for payments to the victims of the activities for which the civil penalties were imposed; to the extent that such payments are impracticable, the CFPB may instead use those amounts for the purpose of consumer education and...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Feb. 13, 2017 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
Feb. 13, 2017 |
Introduced in the Senate by Mike Rounds (R-S.D.) |