HR 1410 United States House · 118th Congress

Consumer Financial Protection Commission Act

This bill renames the Bureau of Consumer Financial Protection as the Consumer Financial Protection Commission and updates its governance structure. It establishes a 5-member Commission (with no more than 3 from the same political party), sets staggered 5-year terms for members, and designates a Chair as the principal executive officer. The bill requires all federal laws referencing the "Bureau" to instead cite the "Consumer Financial Protection Commission," affecting over a dozen statutes including the Dodd-Frank Act and mortgage disclosure laws. The changes are administrative, updating titles and references without altering the agency's regulatory authority or policy functions.
Bill status in committee 1 of 4 stages cleared
Introduction
Mar 2023
Committee Review
Floor Vote
President
Introduced Mar 7, 2023 Last action Mar 7, 2023
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Full legislative history

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Total actions
2
Key actions
0
Committee
1
Mar 7, 2023
Committee
Referred to the House Committee on Financial Services.
lower
Mar 7, 2023
Introduced
Introduced in House
lower
1 primary · 2 co-sponsors

Sponsors