S 3318 · 114th Congress · Finance and Financial Sector

Consumer Financial Protection Bureau Accountability Act of 2016

Introduced 2016-09-13· Sponsored by Sen. Perdue, David [R-GA]· Senate

Bill Progress

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Introduced
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Committee
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Senate Vote
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House
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Enacted
Latest: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 627.(2016-09-14)

Plain Language Summary

[AI summary unavailable — showing source text] Consumer Financial Protection Bureau Accountability Act of 2016 This bill amends the Consumer Financial Protection Act of 2010 to change the source of funding for the Consumer Financial Protection Bureau (CFPB) from Federal Reserve System transfers to annual appropriations. Under current law, the transfers from the Federal Reserve System permit the CFPB to be funded outside of the annual appropriations process.…

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