HR 1410 · 118th Congress · Finance and Financial Sector
Consumer Financial Protection Commission Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Financial Services.(2023-03-07)
Plain Language Summary
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Consumer Financial Protection Commission Act This bill removes the Consumer Financial Protection Bureau from the Federal Reserve System, converts the bureau into an independent commission, and modifies its leadership structure. Specifically, the bill eliminates the positions of director and deputy director and establishes a five-person commission appointed by the President and confirmed by the Senate.…
Summarized by Claude AI · Non-partisan · For informational purposes only