Summary: H.R.3389 — 113th Congress (2013-2014)All Information (Except Text)

There is one summary for H.R.3389. Bill summaries are authored by CRS.

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Introduced in House (10/30/2013)

CFPB Slush Fund Elimination Act of 2013 - Amends the Consumer Financial Protection Act of 2010 to repeal the Consumer Financial Civil Penalty Fund, into which are deposited any civil penalties paid in judicial or administrative actions under federal consumer financial laws.

Requires the Board of Governors of the Federal Reserve System to deposit all such civil penalties, and all amounts currently in the Civil Penalty Fund, into the Treasury's general fund.