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H.R. 1640

BillFederalHouseIn Committee
Bureau of Consumer Financial Protection Accountability Act
About This Bill
Committee
Latest Action · May 2, 2011
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Congress
112th (2011–2013)
Introduced
April 15, 2011
Cosponsors (0)
None
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Summary

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Bureau of Consumer Financial Protection Accountability Act - Amends the Consumer Financial Protection Act of 2010 to subject the Bureau of Consumer Financial Protection to regular appropriations. Repeals the requirement of an annual transfer to the Bureau of funds from the Board of Governors of the Federal Reserve System. Subjects the Bureau to the regular authorization, budget, and appropriations process of the Department of the Treasury. Repeals establishment of the Bureau of Consumer Financial Protection Fund. Replaces the authorization of appropriations for FY2010-FY2014 with an authorization for only FY2011-FY2012.

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