HR 3445 United States House · 119th Congress

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
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Total actions
2
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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

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