Bureau of Consumer Financial Protection Commission Act
This bill changes the governance structure of the Consumer Financial Protection Bureau (CFPB) from a single Director to a 5-member commission. The commission would require at least 2 members with private sector financial experience and at least 1 member with State bank supervision experience, all appointed by the President with Senate confirmation. The bill updates references to "Director" throughout various laws to "Commission" or "Chair" to reflect this new structure. These changes aim to create a more balanced leadership model for the Bureau while maintaining its regulatory authority over consumer financial products and services.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2025
Committee Review
Floor Vote
President
Introduced May 15, 2025
Last action May 15, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
May 15, 2025
Committee
Referred to the House Committee on Financial Services.
lower
May 15, 2025
Introduced
Introduced in House
lower
1 primary · 10 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Bill Huizenga
RRepublican
Co
Andy Barr
RRepublican
Co
Barry Loudermilk
RRepublican
Co
Daniel Meuser
RRepublican
Co
John W. Rose
RRepublican
Co
Roger Williams
RRepublican
Co
Scott Fitzgerald
RRepublican
Co
Tim Moore
RRepublican
Co
Tracey Mann
RRepublican
Co
Vern Buchanan
RRepublican
Co
William R. Timmons IV
RRepublican
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