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- S.2775
S.2775: Financial Compensation for CFPB Whistleblowers Act
About This Bill
- Introduced Sept. 21, 2021
- Latest Major Action Sept. 21, 2021
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
6 (All Democrats)
Bill Version
- Introduced in Senate - Sept. 21, 2021
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 penalties. In cases where the bureau collects less than $1 million...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| Sept. 21, 2021 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| Sept. 21, 2021 |
Introduced in the Senate by Catherine Cortez Masto (D-Nev.) |