CFPB Pay Fairness Act of 2013

3/14/2024, 12:48 PM

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

CFPB Pay Fairness Act of 2013 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act, with respect to compensation of employees of the Consumer Financial Protection Bureau (CFPB), to require the CFPB Director to set and adjust the rates of basic pay for CFPB employees in accordance with the General Schedule for federal employees. (Currently, the Director is merely authorized to do so.)

Repeals the requirement that the Director at all times provide compensation (including benefits) to each class of employees at least comparable to the compensation and benefits then being provided by the Board of Governors of the Federal Reserve System for the corresponding class of Federal Reserve employees. Repeals also the requirement that all such employees be compensated (including benefits) on terms and conditions consistent with specified terms and conditions of the Federal Reserve Act.

Congress
113

Number
HR - 2385

Introduced on
2013-06-14

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

2/10/2014

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

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

CFPB Pay Fairness Act of 2013 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act, with respect to compensation of employees of the Consumer Financial Protection Bureau (CFPB), to require the CFPB Director to set and adjust the rates of basic pay for CFPB employees in accordance with the General Schedule for federal employees. (Currently, the Director is merely authorized to do so.)

Repeals the requirement that the Director at all times provide compensation (including benefits) to each class of employees at least comparable to the compensation and benefits then being provided by the Board of Governors of the Federal Reserve System for the corresponding class of Federal Reserve employees. Repeals also the requirement that all such employees be compensated (including benefits) on terms and conditions consistent with specified terms and conditions of the Federal Reserve Act.

Alternative Names
Official Title as IntroducedTo amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to set the rate of pay for employees of the Bureau of Consumer Financial Protection in accordance with the General Schedule.

Policy Areas
Government Operations and Politics

Potential Impact
Consumer Financial Protection Bureau•
Government employee pay, benefits, personnel management

Comments

Recent Activity

Latest Summary4/8/2014

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

CFPB Pay Fairness Act of 2013 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act, with respect to compens...


Latest Action2/10/2014
Placed on the Union Calendar, Calendar No. 259.