H.R.450 - Bureau of Consumer Financial Protection Accountability Act113th Congress (2013-2014)
|Sponsor:||Rep. Posey, Bill [R-FL-8] (Introduced 02/01/2013)|
|Committees:||House - Financial Services|
|Latest Action:||10/29/2013 Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral. (All Actions)|
This bill has the status Introduced
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Summary: H.R.450 — 113th Congress (2013-2014)All Bill Information (Except Text)
Introduced in House (02/01/2013)
Bureau of Consumer Financial Protection Accountability Act - Amends the Consumer Financial Protection Act of 2010 to subject the Consumer Financial Protection Bureau (CFPB) to regular appropriations.
Repeals the requirement of an annual transfer to the CFPB of funds from the Board of Governors of the Federal Reserve System. Subjects the CFPB to the regular authorization, budget, and appropriations process of the Department of the Treasury.
Repeals establishment of the CFPB Fund.
Replaces the authorization of appropriations for FY2010-FY2014 with an authorization for FY2013 only.