CFPB Dual Mandate and Economic Analysis Act

4/3/2025, 12:05 PM

Summary of Bill HR 2183

Bill 119 hr 2183, also known as the Consumer Financial Protection Act of 2010, aims to make changes to the Bureau of Consumer Financial Protection. The bill seeks to update the purpose of the Bureau to better protect consumers in the financial marketplace.

The main goal of the bill is to ensure that the Bureau is able to effectively regulate and supervise financial institutions to prevent abusive practices and promote transparency. This includes providing consumers with clear information about financial products and services, as well as enforcing laws that protect consumers from unfair, deceptive, or abusive practices.

In addition to updating the purpose of the Bureau, the bill also includes provisions for other purposes related to consumer financial protection. These may include measures to improve oversight of financial institutions, enhance consumer education and awareness, and strengthen enforcement mechanisms to hold financial institutions accountable for their actions. Overall, Bill 119 hr 2183 aims to strengthen consumer protections in the financial marketplace and ensure that the Bureau of Consumer Financial Protection is equipped to fulfill its mission of safeguarding consumers from harmful practices.

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Current Status of Bill HR 2183

Bill HR 2183 is currently in the status of Bill Introduced since March 18, 2025. Bill HR 2183 was introduced during Congress 119 and was introduced to the House on March 18, 2025.  Bill HR 2183's most recent activity was Referred to the House Committee on Financial Services. as of March 18, 2025

Bipartisan Support of Bill HR 2183

Total Number of Sponsors
3
Democrat Sponsors
0
Republican Sponsors
3
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 2183

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 2183

To amend the Consumer Financial Protection Act of 2010 to update the purpose of the Bureau of Consumer Financial Protection, and for other purposes.To amend the Consumer Financial Protection Act of 2010 to update the purpose of the Bureau of Consumer Financial Protection, and for other purposes.
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Comments

Sponsors and Cosponsors of HR 2183

R
Tom Emmer
Minnesota(Republican)

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