Responsible Consumer Financial Protection Regulations Act of 2013
Latest action · Jan 31, 2013 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced in Senate: CR S6079-6080)
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.
- IntroducedJan 31, 2013
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Responsible Consumer Financial Protection Regulations Act of 2013 - 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 Consumer Financial Protection Bureau (CFPB) 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 CFPB. Eliminates the Consumer Financial Protection Fund and the requirement that the Board of Governors of the Federal Reserve System transfer funds to the CFPB from the combined earnings of the Federal Reserve System. Authorizes appropriations for FY2013-FY2014.
Directs the CFPB, in prescribing a rule under the federal consumer financial laws, to consider the rule's impact on the financial safety or soundness of an insured depository institution.
Cosponsors
Members who signed on, in the order they did.
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 Jan 31, 2013 |
Actions 2
Everything that happened, newest first.
- Jan 31, 2013Introduced in Senate
- Jan 31, 2013Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced in Senate: CR S6079-6080)
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.
Printed hearings 1
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. 113-045 | REGULATORY LANDSCAPE: BURDENS ON SMALL FINANCIAL INSTITUTIONS82 pages | Small Business Committee | Dec 3, 2013 |
Related bills 5
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 450 | Bureau of Consumer Financial Protection Accountability Act | Related bill | Oct 29, 2013 |
| S 2213 | Consumer Financial Protection Commission Act of 2014 | Related bill | Apr 3, 2014 |
| HR 2402 | Consumer Financial Protection Commission Act of 2013 | Related bill | Oct 29, 2013 |
| HR 2446 | Responsible Consumer Financial Protection Regulations Act of 2013 | Related bill | Feb 6, 2014 |
| HR 3192 | Bureau of Consumer Financial Protection Accountability Act of 2013 | Related bill | Oct 29, 2013 |
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, to provide for a safety and soundness check, and for other purposes.
- Short Titles as Introduced
- Responsible Consumer Financial Protection Regulations Act of 2013
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Administrative law and regulatory procedures
- Appropriations
- Banking and financial institutions regulation
- Consumer affairs
- Consumer credit
- Consumer Financial Protection Bureau
- Executive agency funding and structure
- Federal officials
- Federal Reserve System
- Finance and Financial Sector
- Financial services and investments
Text 1
Each version as it was printed, newest first.
- Jan 31, 2013Introduced 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.
