Bill116th CongressFiled Jun 17, 2020Finance and Financial Sector
S. 3990
Financial Product Safety Commission Act of 2020
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Jun 17, 2020)
Financial Product Safety Commission Act of 2020
This bill removes the Consumer Financial Protection Bureau from the Federal Reserve System, converts the bureau into an independent commission, and modifies its leadership structure. Specifically, the bill eliminates the positions of director and deputy director and establishes a five-person commission appointed by the President and confirmed by the Senate.
What just happenedJun 17, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
Sen. Fischer, Deb [R-NE](R-NE)Sponsor
5 cosponsors5 R
5cosponsors1committees2actions1related bills9subjects
- Introduced in SenateJun 17, 2020
- Jun 17, 2020IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Jun 17, 2020IntroReferral10000
Introduced in Senate