Bureau of Consumer Financial Protection Commission Act

House Bill

H.R. 3445

119th Congress

Bureau of Consumer Financial Protection Commission Act

In Committee

Introduced:May 15, 2025

Primary Sponsor

David Scott

Representative

Democratic

GA-13

Cosponsors

25

Quick Stats

Policy Area

Civil Rights and Liberties, Minority Issues

Summary

This bill would restructure the Consumer Financial Protection Bureau by replacing its single director with a bipartisan five-member commission. The goal is to provide more balanced oversight of consumer financial protection by requiring decisions to be made by a multi-member body rather than one individual, similar to how other financial regulatory agencies like the SEC and FTC are structured.

Latest Action

Referred to the Committee on the Judiciary, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

SponsorDavid Scott (D-GA)

Introduced5/15/2025

StatusReferred to the House Committee on Financial Services.

ChamberHouse

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Vote Prediction

Bureau of Consumer Financial Protection Commission Act

This bill would restructure the Consumer Financial Protection Bureau by replacing its single director with a bipartisan five-member commission. The goal is to provide more balanced oversight of consumer financial protection by requiring decisions to be made by

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill would restructure the Consumer Financial Protection Bureau by replacing its single director with a bipartisan five-member commission. The goal is to provide more balanced oversight of consumer financial protection by requiring decisions to be made by a multi-member body rather than one individual, similar to how other financial regulatory agencies like the SEC and FTC are structured.

Bill Number: 3445
Sponsor: David Scott (D-GA)
Introduced: 5/15/2025
Status: Referred to the House Committee on Financial Services.
Policy Area: Civil Rights and Liberties, Minority Issues

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Bureau of Consumer Financial Protection Commission Act
Bill Number: 3445
Sponsor: David Scott (D-GA)
Status: Referred to the House Committee on Financial Services.
Introduced: 5/15/2025
Summary: This bill would restructure the Consumer Financial Protection Bureau by replacing its single director with a bipartisan five-member commission. The goal is to provide more balanced oversight of consumer financial protection by requiring decisions to be made by a multi-member body rather than one ind

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would restructure the Consumer Financial Protection Bureau by replacing its single director with a bipartisan five-member commission. The goal is to provide more balanced oversight of consumer financial protection by requiring decisions to be made by a multi-member body rather than one individual, similar to how other financial regulatory agencies like the SEC and FTC are structured.

Last updated: 1/4/2026

Official Summary

Congressional Research Service summary

Equity and Inclusion Enforcement Act of 2023 This bill authorizes private civil causes of action for disparate impact violations (to the same extent as intentional violations) of Title VI of the Civil Rights Act of 1964, which prohibits discrimination based on race, color, or national origin in federally funded programs or activities. Education programs that receive financial assistance authorized or extended by the Department of Education (ED) must designate at least one Title VI compliance coordinator to carry out responsibilities and investigate complaints. The bill requires ED to appoint a Special Assistant for Equity and Inclusion to (1) promote, coordinate, and evaluate efforts to engender program compliance and inform individuals of their rights; and (2) advise ED on matters relating to compliance.

Key Points

Main provisions of the bill

Replaces single CFPB director with five-member bipartisan commission
Commissioners would serve staggered terms for continuity
No more than three commissioners from same political party
Aligns CFPB structure with other financial regulatory agencies
Aims to reduce politicization of consumer financial protection

How This Impacts Americans

Potential effects on citizens and communities

For consumers: Potentially more balanced and deliberative consumer protection decisions. For financial industry: Greater predictability and less dramatic policy swings between administrations. For CFPB staff: Reporting to commission rather than single director. For Congress: More oversight leverage through confirmation of multiple commissioners.

Policy Areas

Primary Policy Area

Civil Rights and Liberties, Minority Issues

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

3445, 119th Congress (2025). "Bureau of Consumer Financial Protection Commission Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-3445