Bureau of Consumer Financial Protection Commission Act
Rep. Huizenga Proposes Replacing Single CFPB Director With Five-Member Bipartisan Commission
This bill is currently in the early stages of the legislative process and is being reviewed by the House Committee on Financial Services. It was recently introduced and is actively moving through the committee phase. There are no upcoming votes scheduled at this time.
Legislative Progress
Republicans have tried to change the leadership of this agency for years, but Democrats usually block these efforts to keep the current system in place.
Key Points
Impact Analysis
Personal Impact
Life & Work
CFPB staff would see their agency's leadership completely restructured. Instead of reporting up to a single director, they would work under a five-member commission with a chair who handles day-to-day management. This could change internal priorities, staffing decisions, and the pace of the agency's work. The transition period could also create uncertainty about job roles and enforcement direction.
“The Chair shall be the principal executive officer of the commission, and shall exercise all of the executive and administrative functions of the commission”
Programs
Milestones
Referred to the House Committee on Financial Services.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Bureau of Consumer Financial Protection Commission Act
Data Sources
Sponsor
Cosponsors
(10)Analysis generated by AI. Always verify with official sources.