,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #ceai  ,,in ,,the ,,house ,,of  
,,representatives  ,november #ah1       
#bjac,mr4 ,neugebauer introduced the    
following bill2 which was referred to   
the ,committee on ,financial ,services  
,a ,,bill  ,to amend the ,consumer      
,financial ,protection ,act of #bjaj to 
make the ,bureau of ,consumer ,financial
 ,protection an independent agency4  #a4
 ,short title ,this ,act may be cited as
 the ,bureau of ,consumer ,financial    
,protection ,accountability and         
,transparency ,act of #bjac4  #b4       
,making the ,bureau an independent      
agency ,the ,consumer ,financial        
,protection ,act of #bjaj is amended--  
7#a7 in section #ajaa-- 7,a7 in         
subsection 7a71 by striking in the      
,federal ,reserve ,system1 2 and  7,b7  
in subsection 7e71 by striking 1        
including in cities in which the        
,federal reserve banks1 or branches of  
such banks1 are located12  7#b7 in      
section #ajab7;c71 by striking          

paragraphs 7#b71 7#c71 7#d71 and 7#e72  
and  7#c7 in section #ajad7;b71 by      
striking ,not fewer than #f members     
shall be appointed upon the             
recommendation of the regional ,federal 
,reserve ,bank ,presidents1 on a        
rotating basis44  #c4 ,bringing the     
,bureau into the regular appropriations 
process ,section #ajag of the ,consumer 
,financial ,protection ,act of #bjaj is 
amended-- 7#a7 in subsection 7a7-- 7,a7 
by amending the heading of such         
subsection to read as follows3 ,budget1 
financial management1 and audit4--2     
7,b7 by striking paragraphs 7#a71 7#b71 
and 7#c72  7,c7 by redesignating        
paragraphs 7#d7 and 7#e7 as paragraphs  
7#a7 and 7#b71 respectively2 and  7,d7  
by striking subparagraphs 7,e7 and 7,f7 
of paragraph 7#a71 as so redesignated2  
7#b7 by striking subsections 7b7 and    
7c72  7#c7 by redesignating subsections 
7d7 and 7e7 as subsections 7b7 and 7c71 
respectively2 and  7#d7 in subsection   
7c71 as so redesignated-- 7,a7 by       

striking paragraphs 7#a71 7#b71 and 7#c7
 and inserting the following3  7#a7     
,authorization of appropriations ,there 
are authorized to be appropriated such  
sums as may be necessary to carry out   
this title for each of fiscal years     
#bjad and #bjae4  2 and  7,b7 by        
redesignating paragraph 7#d7 as         
paragraph 7#b74