H.R. 1121 · 112th Congress
Responsible Consumer Financial Protection Regulations Act of 2011
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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BachusSponsor35 cosponsors · 35 R
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Ross26 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Responsible Consumer Financial Protection Regulations Act of 2011 - 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 Bureau of Consumer Financial Protection with a five-member Commission composed of the Vice Chairman for Supervision of…
What it does: CRS summary · Reported to House with amendment(s) · Jun 16, 2011
Responsible Consumer Financial Protection Regulations Act of 2011 - 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 Bureau of Consumer Financial Protection with a five-member Commission composed of the Vice Chairman for Supervision of the Federal Reserve System and four additional members appointed by the President, with the advice and consent of the Senate, from among individuals who should want to protect service members and their families who are sacrificing their lives for this country from abusive financial practices.
Prohibits Commission members from engaging in any other business, vocation, or employment.
Requires one member of the Commission to exercise primary responsibility for the Bureau's oversight activities pertaining to protecting consumers, with a focus on consumers who are older, minorities, youth, or veterans, from unfair, deceptive, and abusive lending practices.
Prohibits the Chair of the Commission from making requests for estimates related to appropriations without prior Commission approval.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Responsible Consumer Financial Protection Regulations Act of 2011
Latest action (Jul 19, 2011): Supplemental report filed by the Committee on Financial Services, H. Rept. 112-107, Part II.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Mar 16, 2011
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.