HR 1121 · 112th Congress 2011–2013, ended

Responsible Consumer Financial Protection Regulations Act of 2011

Introduced Mar 16, 2011 Originated House Sponsor Spencer Bachus R-AL

Latest action · Jul 19, 2011 Supplemental report filed by the Committee on Financial Services, H. Rept. 112-107, Part II.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedMar 16, 2011
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Responsible Consumer Financial Protection Regulations Act of 2011 - Amends the Consumer Financial Protection Act of 2010, (title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act), to replace the position of Director of the Bureau of Consumer Financial Protection with a five-member Commission composed of the Vice Chairman for Supervision of the Federal Reserve System and four additional members appointed by the President, with the advice and consent of the Senate, from among individuals who should want to protect service members and their families who are sacrificing their lives for this country from abusive financial practices.

Prohibits Commission members from engaging in any other business, vocation, or employment.

Requires one member of the Commission to exercise primary responsibility for the Bureau's oversight activities pertaining to protecting consumers, with a focus on consumers who are older, minorities, youth, or veterans, from unfair, deceptive, and abusive lending practices.

Prohibits the Chair of the Commission from making requests for estimates related to appropriations without prior Commission approval.

Cosponsors 35

Members who signed on, in the order they did. Signatures ran from Mar 16, 2011 to Jun 1, 2011; 26 are original cosponsors, there from the day it was introduced.

Seat	Cosponsor		Signed on
R-MI	Bill Huizenga	Original	Mar 16, 2011
R-FL	Bill Posey	Original	Mar 16, 2011
R-MO	Blaine Luetkemeyer	Original	Mar 16, 2011
R-AZ	David Schweikert	Original	Mar 16, 2011
R-IL	Donald A. Manzullo	Original	Mar 16, 2011
R-CA	Edward R. Royce	Original	Mar 16, 2011
R-TX	Francisco "Quico" Canseco	Original	Mar 16, 2011
R-OK	Frank D. Lucas	Original	Mar 16, 2011
R-CA	Gary G. Miller	Original	Mar 16, 2011
R-TX	Jeb Hensarling	Original	Mar 16, 2011
R-CA	John Campbell	Original	Mar 16, 2011
R-IL	Judy Biggert	Original	Mar 16, 2011
R-KS	Kevin Yoder	Original	Mar 16, 2011
R-NY	Michael G. Grimm	Original	Mar 16, 2011
R-MN	Michele Bachmann	Original	Mar 16, 2011
R-NC	Patrick T. McHenry	Original	Mar 16, 2011
R-TX	Pete Sessions	Original	Mar 16, 2011
R-NY	Peter T. King	Original	Mar 16, 2011
R-IL	Randy Hultgren	Original	Mar 16, 2011
R-TX	Randy Neugebauer	Original	Mar 16, 2011
R-IL	Robert J. Dold	Original	Mar 16, 2011
R-NJ	Scott Garrett	Original	Mar 16, 2011
R-WI	Sean P. Duffy	Original	Mar 16, 2011
R-WV	Shelley Moore Capito	Original	Mar 16, 2011
R-NM	Stevan Pearce	Original	Mar 16, 2011
R-OH	Steve Stivers	Original	Mar 16, 2011
R-VA	Robert Hurt		Mar 17, 2011
R-MI	Thaddeus G. McCotter		Mar 17, 2011
R-SC	Joe Wilson		Mar 29, 2011
R-WV	David B. McKinley		May 4, 2011
R-KS	Lynn Jenkins		May 4, 2011
R-IA	Tom Latham		May 5, 2011
R-TX	John R. Carter		May 11, 2011
R-MN	John Kline		May 25, 2011
R-FL	Dennis A. Ross		Jun 1, 2011

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

Chamber	Committee	What it did
House	Financial Services Committee	Referred Mar 16, 2011Markup May 13, 2011Reported Jul 19, 2011
	Consumer Protection and Financial Institutions Subcommittee	Referred Apr 4, 2011Hearings Apr 6, 2011Markup May 4, 2011Reported May 4, 2011

Actions 12

Everything that happened, newest first.

Jul 19, 2011Supplemental report filed by the Committee on Financial Services, H. Rept. 112-107, Part II.
Jun 16, 2011Reported (Amended) by the Committee on Financial Services. H. Rept. 112-107.
Jun 16, 2011Placed on the Union Calendar, Calendar No. 61.
May 13, 2011Committee Consideration and Mark-up Session Held.
May 13, 2011Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 24.

Show all 12 actions

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Committee reports

Congressional Budget Office cost estimate

May 24, 2011H.R. 1121, Responsible Consumer Financial Protection Regulations Act of 2011Cost estimate for the bill as ordered reported by the House Committee on Financial Services on May 13, 2011

Constitutional authority

Congress has the power to enact this legislation pursuant to the following: Article I, Section 8, Clause 1 (relating to the general welfare of the United States); and Article I, Section 8, Clause 3 (relating to the power to regulate interstate commerce).

The sponsor’s statement, as printed in the page H1907.

Printed hearings 2

Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.

Number	Hearing	Committee	Held
Serial No. 112-99	LEGISLATIVE PROPOSALS TO PROMOTE ACCOUNTABILITY AND TRANSPARENCY AT THE CONSUMER FINANCIAL PROTECTION BUREAU103 pages	Financial Services Committee	Feb 8, 2012
Serial No. 112-24	LEGISLATIVE PROPOSALS TO IMPROVE THE STRUCTURE OF THE CONSUMER FINANCIAL PROTECTION BUREAU147 pages	Financial Services Committee	Apr 6, 2011

Related bills 1

Companion bills and other measures the record links to this one.

Bill	Title	Relationship	Latest action
S 737	Responsible Consumer Financial Protection Regulations Act of 2011	Related bill	Apr 6, 2011

Titles 3

Every title it has carried, official and short, at each stage.

Official Title as Introduced: To replace the Director of the Bureau of Consumer Financial Protection with a five person Commission.
Short Titles as Introduced: Responsible Consumer Financial Protection Regulations Act of 2011
Short Titles as Reported to House: Responsible Consumer Financial Protection Regulations Act of 2011

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 2

Each version as it was printed, newest first.

Jun 16, 2011Reported in House
Mar 16, 2011Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.