H.R.1355 - Bureau of Consumer Financial Protection Accountability and Transparency Act of 2011

To amend the Consumer Financial Protection Act of 2010 to move the Bureau of Consumer Financial Protection into the Department of the Treasury. view all titles (2)

All Bill Titles

Official: To amend the Consumer Financial Protection Act of 2010 to move the Bureau of Consumer Financial Protection into the Department of the Treasury. as introduced.
Short: Bureau of Consumer Financial Protection Accountability and Transparency Act of 2011 as introduced.

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Introduced

House
Passes

Senate
Passes

President
Signs

04/03/11

Official Bill Text Comment on about 2 Pages

Sponsor

Representative

Randy Neugebauer

R-TX

View Co-Sponsors (2)

Committees

Related Issue Areas

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Official Summary

4/4/2011--Introduced.Bureau of Consumer Financial Protection Accountability and Transparency Act of 2011 - Amends the Consumer Financial Protection Act of 2010 to remove the Bureau of Consumer Financial Protection, an independent bureau in the Federal Reserve System, to the Department of the Treasury, where it would not be autonomous. 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 and of a Victims Relief Fund. Replaces the authorization of appropriations for FY2010-FY2014 with an authorization for only FY2011-FY2012.

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