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Bill114th CongressFiled Mar 2, 2015Finance and Financial Sector
H.R. 1195

Bureau of Consumer Financial Protection Advisory Boards Act

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house amended (Apr 22, 2015)

Bureau of Consumer Financial Protection Advisory Boards Act

(Sec. 2) Amends the Consumer Financial Protection Act of 2010 to direct the Director of the Consumer Financial Protection Bureau (CFPB) to establish a Small Business Advisory Board to: (1) advise and consult with the CFPB in the exercise of its functions under the federal consumer financial laws regarding eligible financial products or services, and (2) provide information on evolving small business practices.

Requires Board members to be representatives of small business concerns that:

  • provide financial products or services for use by consumers primarily for personal, family, or household purposes,
  • are service providers to covered persons; and
  • use consumer financial products or services in financing the business activities of such small businesses.

Requires the Director, in making such Board appointments, to include members representing minority-, women-, and veteran-owned small business concerns and their interests, without regard to party affiliation.

Requires the Director to establish a Credit Union Advisory Council and a Community Bank Advisory Council to advise and consult with the CFPB on consumer financial products or services that impact credit unions and community banks, respectively.

Directs the Director, in making appointments to the Councils, to include members representing credit unions and community banks predominantly serving traditionally underserved communities and populations and their interests, without regard to party affiliation.

(Sec. 3) Prohibits the Director from requesting funds: (1) during FY 2020 in an amount that would exceed $655 million, and (2) during FY 2025 in an amount that would exceed $720 million.

What just happenedApr 23, 2015

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. Pittenger, Robert [R-NC-9](R-NC)Sponsor
19 cosponsors4 D15 R
Read on Congress.gov
19cosponsors2committees34actions2amendments3related bills7subjects
  1. Apr 23, 2015IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. Apr 22, 2015FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Apr 22, 2015FloorH37100

    On passage Passed by the Yeas and Nays: 235 - 183 (Roll no. 167).

  4. Apr 22, 2015Floor8000

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 235 - 183 (Roll no. 167).

  5. Apr 22, 2015FloorH36110

    On motion to recommit with instructions Failed by recorded vote: 184 - 234 (Roll no. 166).

    Financial Services Committee
  6. Apr 22, 2015FloorH8A000

    The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H2380)

  7. Apr 22, 2015FloorH8D000

    DEBATE - The House proceeded with 10 minutes of debate on the Kuster motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to add at the end of the bill a section on prohibition against participation by persons employed by companies engaged in predatory practices related to servicemembers pending reservation of a point of order. Subsequently, the reservation was removed.

  8. Apr 22, 2015FloorH36100

    Ms. Kuster moved to recommit with instructions to the Committee on Financial Services. (consideration: CR H2379-2380; text: CR H2379)

    Financial Services Committee
  9. Apr 22, 2015FloorH34400

    The House adopted the amendment as agreed to by the Committee of the Whole House on the state of the Union. (text of measure as amended in House: CR H2341-2342)

  10. Apr 22, 2015FloorH35000

    The previous question was ordered pursuant to the rule. (consideration: CR H2379)

  11. Apr 22, 2015FloorH32600

    The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1195.

  12. Apr 22, 2015FloorH8D000

    UNFINISHED BUSINESS - The Chair announced that the unfinished business was the question of adoption of the Kuster (NH) amendment No. 1 printed in part D of House Report 114-74.

  13. Apr 22, 2015FloorH32050

    The House resolved into Committee of the Whole House on the state of the Union for further consideration.

  14. Apr 22, 2015FloorH30000

    Considered as unfinished business. (consideration: CR H2378-2381)

  15. Apr 21, 2015FloorH32700

    Committee of the Whole House on the state of the Union rises leaving H.R. 1195 as unfinished business.

  16. Apr 21, 2015FloorH32341

    On motion that the Committee rise Agreed to by voice vote.

  17. Apr 21, 2015FloorH32340

    Mr. Neugebauer moved that the Committee rise.

  18. Apr 21, 2015FloorH8D000

    DEBATE - Pursuant to the provisions of H. Res. 200, the Committee of the Whole proceeded with 10 minutes of debate on the Kuster (NH) part D amendment No. 2.

  19. Apr 21, 2015FloorH8D000

    POSTPONED PROCEEDINGS - At the conclusion of debate on the Kuster (NH) part D No. 1 amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Ms. Maxine Waters demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.

  20. Apr 21, 2015FloorH8D000

    DEBATE - Pursuant to the provisions of H. Res. 200, the Committee of the Whole proceeded with 10 minutes of debate on the Kuster (NH) part D amendment No. 1.

  21. Apr 21, 2015FloorH8D000

    At the conclusion of debate, the Chair announced that pursuant to the provisions of H. Res. 200, the amendment printed in part C of House Report 114-74 is adopted.

  22. Apr 21, 2015FloorH8D000

    GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 1195.

  23. Apr 21, 2015FloorH32400

    The Speaker designated the Honorable John J. Duncan, Jr. to act as Chairman of the Committee.

  24. Apr 21, 2015FloorH32020

    House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 200 and Rule XVIII.

  25. Apr 21, 2015FloorH30000

    Considered under the provisions of rule H. Res. 200. (consideration: CR H2335-2343)

  26. Apr 6, 2015CalendarsH12410

    Placed on the Union Calendar, Calendar No. 36.

  27. Apr 6, 2015CommitteeH12200

    Reported by the Committee on Financial Services. H. Rept. 114-55.

    Financial Services Committee
  28. Apr 6, 2015Committee5000

    Reported by the Committee on Financial Services. H. Rept. 114-55.

    Financial Services Committee
  29. Mar 26, 2015Committee

    Ordered to be Reported by the Yeas and Nays: 53 - 5.

    Financial Services Committee
  30. Mar 26, 2015Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  31. Mar 25, 2015Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  32. Mar 2, 2015IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  33. Mar 2, 2015IntroReferralIntro-H

    Introduced in House

  34. Mar 2, 2015IntroReferral1000

    Introduced in House

Passed House amendedApr 22, 201536

Bureau of Consumer Financial Protection Advisory Boards Act

(Sec. 2) Amends the Consumer Financial Protection Act of 2010 to direct the Director of the Consumer Financial Protection Bureau (CFPB) to establish a Small Business Advisory Board to: (1) advise and consult with the CFPB in the exercise of its functions under the federal consumer financial laws regarding eligible financial products or services, and (2) provide information on evolving small business practices.

Requires Board members to be representatives of small business concerns that:

  • provide financial products or services for use by consumers primarily for personal, family, or household purposes,
  • are service providers to covered persons; and
  • use consumer financial products or services in financing the business activities of such small businesses.

Requires the Director, in making such Board appointments, to include members representing minority-, women-, and veteran-owned small business concerns and their interests, without regard to party affiliation.

Requires the Director to establish a Credit Union Advisory Council and a Community Bank Advisory Council to advise and consult with the CFPB on consumer financial products or services that impact credit unions and community banks, respectively.

Directs the Director, in making appointments to the Councils, to include members representing credit unions and community banks predominantly serving traditionally underserved communities and populations and their interests, without regard to party affiliation.

(Sec. 3) Prohibits the Director from requesting funds: (1) during FY 2020 in an amount that would exceed $655 million, and (2) during FY 2025 in an amount that would exceed $720 million.

Reported to House without amendmentApr 6, 201579

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Bureau of Consumer Financial Protection Advisory Boards Act

Amends the Consumer Financial Protection Act of 2010 to direct the Director of the Consumer Financial Protection Bureau (CFPB) to establish a Small Business Advisory Board to: (1) advise and consult with the CFPB in the exercise of its functions under the federal consumer financial laws regarding eligible financial products or services, and (2) provide information on evolving small business practices.

Requires such Board members to be representatives of small business concerns that:

  • provide financial products or services for use by consumers primarily for personal, family, or household purposes,
  • are service providers to covered persons; and
  • use consumer financial products or services in financing the business activities of such small businesses.

Encourages the Director, in making such Board appointments, to ensure the participation of minority- and women-owned small business concerns and their interests, without regard to party affiliation.

Instructs the Director to establish a Credit Union Advisory Council and a Community Bank Advisory Council to advise and consult with the CFPB on consumer financial products or services that impact credit unions and community banks, respectively.

Encourages the Director, in making appointments to such Councils, to ensure the participation of credit unions and community banks predominantly serving traditionally underserved communities and populations and their interests, without regard to party affiliation.

Introduced in HouseMar 2, 2015

Bureau of Consumer Financial Protection Advisory Boards Act

Amends the Consumer Financial Protection Act of 2010 to direct the Director of the Consumer Financial Protection Bureau (CFPB) to establish a Small Business Advisory Board to: (1) advise and consult with the CFPB in the exercise of its functions under the federal consumer financial laws regarding eligible financial products or services, and (2) provide information on evolving small business practices.

Requires such Board members to be representatives of small business concerns that:

  • provide financial products or services for use by consumers primarily for personal, family, or household purposes,
  • are service providers to covered persons; and
  • use consumer financial products or services in financing the business activities of such small businesses.

Encourages the Director, in making such Board appointments, to ensure the participation of minority- and women-owned small business concerns and their interests, without regard to party affiliation.

Instructs the Director to establish a Credit Union Advisory Council and a Community Bank Advisory Council to advise and consult with the CFPB on consumer financial products or services that impact credit unions and community banks, respectively.

Encourages the Director, in making appointments to such Councils, to ensure the participation of credit unions and community banks predominantly serving traditionally underserved communities and populations and their interests, without regard to party affiliation.

Bureau of Consumer Financial Protection Advisory Boards Act — Informed