Summary: H.R.1261 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for H.R.1261. Bill summaries are authored by CRS.

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Introduced in House (03/04/2015)

Bureau of Consumer Financial Protection Accountability Act of 2015

This bill amends the Consumer Financial Protection Act of 2010 to eliminate provisions that fund the Consumer Financial Protection Bureau (CFPB) using transfers from the earnings of the Federal Reserve System. The transfers under current law permit the CFPB to be funded outside of the annual appropriations process, and this bill brings the CFPB into the regular process.