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H.R. 3389

CFPB Slush Fund Elimination Act of 2013

CFPB Slush Fund Elimination Act of 2013 - Amends the Consumer Financial Protection Act of 2010 to repeal the Consumer Financial Civil Penalty Fund, into which are deposited any civil penalties paid in judicial or administrative actions under federal consumer financial laws.

Requires the Board of Governors of the Federal Reserve System to deposit all such civil penalties, and all amounts currently in the Civil Penalty Fund, into the Treasury's general fund.

Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 27.

Rep. Capito, Shelley Moore [R-WV-2](R-WV)Sponsor
13 cosponsors13 R
13cosponsors1committees6actions4subjects
  • Introduced in HouseOct 30, 2013
  1. Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 27.

  2. Committee

    Committee Consideration and Mark-up Session Held.

  3. Committee

    Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

  4. IntroReferralH11100

    Referred to the House Committee on Financial Services.

  5. IntroReferralIntro-H

    Introduced in House

  6. IntroReferral1000

    Introduced in House

CFPB Slush Fund Elimination Act of 2013 — Informed