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CFPB Slush Fund Elimination Act of 2013

3/14/2024, 12:48 PM

Congressional Summary of HR 3389

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.

Current Status of Bill HR 3389

Bill HR 3389 is currently in the status of Bill Introduced since October 30, 2013. Bill HR 3389 was introduced during Congress 113 and was introduced to the House on October 30, 2013.  Bill HR 3389's most recent activity was Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 27. as of June 11, 2014

Bipartisan Support of Bill HR 3389

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
13
Democrat Cosponsors
0
Republican Cosponsors
13
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 3389

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Civil actions and liability
- Consumer affairs
- Financial services and investments
- Government trust funds

Alternate Title(s) of Bill HR 3389

CFPB Slush Fund Elimination Act of 2013
To repeal the Consumer Financial Civil Penalty Fund and to deposit existing amounts in such Fund into the Treasury, and for other purposes.
CFPB Slush Fund Elimination Act of 2013

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