S. 1383 — Introduced in Senate

II 114th CONGRESS 1st Session S. 1383 IN THE SENATE OF THE UNITED STATES May 19, 2015Mr. Perdue introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To amend the Consumer Financial Protection Act of 2010 to subject the Bureau of Consumer Financial Protection to the regular appropriations process, and for other purposes. 1. Short title This Act may be cited as the Consumer Financial Protection Bureau Accountability Act of 2015. 2. Subjecting the Bureau to the regular appropriations process Section 1017 of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5497) is amended— (1) in subsection (a)— (A) in the subsection heading, by striking “Transfer of Funds From Board Of Governors.—” and inserting Budget and Financial Management.—; (B) by striking paragraphs (1) through (3); (C) by redesignating paragraphs (4) and (5) as paragraphs (1) and (2), respectively; and (D) in paragraph (1) (as redesignated)— (i) by striking subparagraph (E); and (ii) by redesignating subparagraph (F) as subparagraph (E); (2) by striking subsections (b) and (c); (3) by redesignating subsections (d) and (e) as subsections (b) and (c), respectively; and (4) in subsection (c) (as redesignated)— (A) by striking paragraphs (1) through (3) and inserting the following: (1) Authorization of appropriations There is authorized to be appropriated such funds as may be necessary to carry out this title for fiscal year 2015. ; and (B) by redesignating paragraph (4) as paragraph (2).