Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- S.3975
S.3975: Financial Compensation for CFPB Whistleblowers Act
About This Bill
- Introduced June 17, 2020
- Latest Major Action July 29, 2020
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
7 (All Democrats)
Bill Version
- Introduced in Senate - June 17, 2020
Bill Summary
Financial Compensation for CFPB Whistleblowers Act This bill requires the Consumer Financial Protection Bureau to provide rewards to whistleblowers who report information relating to a violation of consumer financial law resulting in certain monetary sanctions exceeding $1 million. Specifically, the bureau must award compensation to whistleblowers for 10%-30% of the collected monetary sanctions. In cases where the bureau is unable to collect...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 29, 2020 |
Committee on Banking, Housing, and Urban Affairs. Hearings held.
|
| June 17, 2020 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| June 17, 2020 |
Introduced in the Senate by Catherine Cortez Masto (D-Nev.) |