Responsible Consumer Financial Protection Regulations Act of 2011
Latest action · Apr 6, 2011 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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.
- IntroducedApr 6, 2011
- Passed SenateNot reached
- Passed HouseNot 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 whose members are appointed by the President, by and with the advice and consent of the Senate.
Prohibits the Chair of the Commission from making requests for estimates related to appropriations without the prior approval of the Commission.
Revises procedures for funding the Bureau. Eliminates the Consumer Financial Protection Fund and the requirement that the Board of Governors of the Federal Reserve System transfer funds to the Bureau from the combined earnings of the Federal Reserve System. Authorizes appropriations for FY2011-FY2012.
Cosponsors 11
Members who signed on, in the order they did. Signatures ran from Apr 6, 2011 to Dec 7, 2011; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-ID | Mike Crapo | Original | Apr 6, 2011 |
| R-IL | Mark Kirk | Apr 8, 2011 | |
| R-AR | John Boozman | May 11, 2011 | |
| R-GA | Johnny Isakson | May 12, 2011 | |
| R-NH | Kelly Ayotte | May 12, 2011 | |
| R-SD | John Thune | May 17, 2011 | |
| R-KS | Pat Roberts | May 17, 2011 | |
| R-ME | Susan M. Collins | May 17, 2011 | |
| R-OK | James M. Inhofe | May 23, 2011 | |
| R-GA | Saxby Chambliss | Jun 9, 2011 | |
| R-MO | Roy Blunt | Dec 7, 2011 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Apr 6, 2011 |
Actions 2
Everything that happened, newest first.
- Apr 6, 2011Introduced in Senate
- Apr 6, 2011Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R42615 | A Brief Overview of Actions Taken by the Consumer Financial Protection Bureau (CFPB) in Its First Year Archived | Report | Aug 29, 2012 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1121 | Responsible Consumer Financial Protection Regulations Act of 2011 | Related bill | Jul 19, 2011 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to replace the Director of the Bureau of Consumer Financial Protection with a 5-person Commission, to bring the Bureau into the regular appropriations process, and for other purposes.
- Short Titles as Introduced
- Responsible Consumer Financial Protection Regulations Act of 2011
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Apr 6, 2011Introduced in Senate
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.
