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H.R.6116 - Consumer Financial Protection Commission Act116th Congress (2019-2020)

Bill

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Sponsor: Rep. Luetkemeyer, Blaine [R-MO-3] (Introduced 03/05/2020)
Committees: House - Financial Services
Latest Action: House - 03/05/2020 Referred to the House Committee on Financial Services.  (All Actions)

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This bill has the status Introduced

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  • Constitutional Authority Statement
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Summary: H.R.6116 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.6116. Bill summaries are authored by CRS.

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Introduced in House (03/05/2020)

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.