HR 1640 · 112th Congress · Finance and Financial Sector

Bureau of Consumer Financial Protection Accountability Act

Introduced 2011-04-15· Sponsored by Rep. Posey, Bill [R-FL-15]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Financial Institutions and Consumer Credit.(2011-05-02)

Plain Language Summary

[AI summary unavailable — showing source text] Bureau of Consumer Financial Protection Accountability Act - Amends the Consumer Financial Protection Act of 2010 to subject the Bureau of Consumer Financial Protection to regular appropriations. Repeals the requirement of an annual transfer to the Bureau of funds from the Board of Governors of the Federal Reserve System. Subjects the Bureau to the regular authorization, budget, and appropriations process of the Department of the Treasury. Repeals establishment of the Bureau of Consumer Financial Protection Fund. Replaces the authorization of appropriations for FY2010-FY2014 with an authorization for only FY2011-FY2012.…

Summarized by Claude AI · Non-partisan · For informational purposes only