HR 1018 · 115th Congress 2017–2019, ended

CFPB Constitutional Reform Act of 2017

Introduced Feb 13, 2017 Originated House Sponsor Scott DesJarlais R-TN

Fact sheet Spreadsheet

Latest action · Feb 13, 2017 Referred to the House Committee on Financial Services.

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.

  1. IntroducedFeb 13, 2017
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

CFPB Constitutional Reform Act of 2017

This bill amends the Consumer Financial Protection Act of 2010 to revise the leadership structure of the Consumer Financial Protection Bureau (CFPB). Specifically, the bill replaces the CFPB's director and deputy director with a five-person commission.

Cosponsors 1

Members who signed on, in the order they did. All signed on Feb 13, 2017.

SeatCosponsorSigned on
R-TNJohn J. Duncan, Jr.OriginalFeb 13, 2017

Committees 1

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

ChamberCommitteeWhat it did
HouseFinancial Services Committee
Referred Feb 13, 2017

Actions 2

Everything that happened, newest first.

  1. Feb 13, 2017Introduced in House
  2. Feb 13, 2017Referred to the House Committee on Financial Services.

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.

Constitutional authority

Congress has the power to enact this legislation pursuant to the following: Article 1, Section 8, Clause 18: The Congress shall have Power . . . . To make Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.

The sponsor’s statement, as printed in the Congressional Record, vol. 163, no. 25, February 13, 2017, page H1126.

Related bills 1

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

BillTitleRelationshipLatest action
HR 5266Financial Product Safety Commission Act of 2018Related billMar 13, 2018

Titles 2

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 5-person commission, and for other purposes.
Short Titles as Introduced
CFPB Constitutional Reform Act of 2017

Subjects

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

Text 1

Each version as it was printed, newest first.

  1. Feb 13, 2017Introduced 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.