Amendment111th Congress
Amendment sought to create a Consumer Financial Protection Council (CFPC) of regulators with rule-writing authority in safety and soundness of institutions and consumer protections regarding all financial products. The CFPC is comprised of 12 members including the Secretary of Treasury, Secretary of Housing and Urban Development, the Chairman of the Federal Reserve, the chairman of the CFTC and SEC, among other federal and state regulators.
- Amendment Number
- 538
- Description
- Amendment sought to create a Consumer Financial Protection Council (CFPC) of regulators with rule-writing authority in safety and soundness of institutions and consumer protections regarding all financial products. The CFPC is comprised of 12 members including the Secretary of Treasury, Secretary of Housing and Urban Development, the Chairman of the Federal Reserve, the chairman of the CFTC and SEC, among other federal and state regulators.
- Purpose
- An amendment numbered 35 printed in House Report 111-370 to create a Consumer Financial Protection Council (CFPC) of regulators with rule-writing authority in safety and soundness of institutions and consumer protections regarding all financial products. The CFPC is comprised of 12 members including the Secretary of Treasury, Secretary of Housing and Urban Development, the Chairman of the Federal Reserve, the chairman of the CFTC and SEC, among other federal and state regulators.
- Congress
- 111
- Type
- HAMDT
- Latest Action Date
- Dec 11, 2009
- Latest Action Text
- On agreeing to the Minnick amendment (A022) Failed by recorded vote: 208 - 223 (Roll no. 965).
- Latest Action Time
- 13:43:57
- Submitted Date
- Dec 11, 2009
- Chamber
- House of Representatives
- Update Date
- Feb 3, 2022