H.R. 3389 — CFPB Slush Fund Elimination Act of 2013

Summary

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.

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Legislative Actions

2013-10-30
Introduced in House
2013-10-30
Introduced in House
2013-10-30
Referred to the House Committee on Financial Services.
2014-05-21
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
2014-06-11
Committee Consideration and Mark-up Session Held.
2014-06-11
Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 27.

CFPB Slush Fund Elimination Act of 2013

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Summary

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Legislative Actions

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