HR 4773 United States House · 117th Congress

Consumer Financial Protection Commission Act

Summary

Consumer Financial Protection Commission Act This bill removes the Consumer Financial Protection Bureau from the Federal Reserve System, converts the bureau into an independent commission, and modifies its leadership structure. Specifically, the bill eliminates the positions of director and deputy director and establishes a five-person commission appointed by the President and confirmed by the Senate.

Bill status in committee 1 of 4 stages cleared

Introduction

Jul 2021

Committee Review

Floor Vote

President

Introduced Jul 28, 2021 Last action Jul 28, 2021

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

2

Key actions

0

Committee

1

Jul 28, 2021

Committee

Referred to the House Committee on Financial Services.

lower

Jul 28, 2021

Introduced

Introduced in House

lower

1 primary · 27 co-sponsors

Sponsors

Role

Legislator

Party

State

District

Blaine Luetkemeyer

Alexander X. Mooney

Anthony Gonzalez

Barry Loudermilk