H.R. 3601 — Introduced in House

I 115th CONGRESS 1st Session H. R. 3601 IN THE HOUSE OF REPRESENTATIVES July 28, 2017Mr. Kustoff of Tennessee introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Consumer Financial Protection Act of 2010 to clarify data and information sharing requirements regarding consumer complaints, and for other purposes. 1. Short Title This Act may be cited as the Protecting Consumers from Frivolous Claims Act of 2017. 2. Promoting discretion within the Consumer Financial Protection Act Subsection (b) of section 1013 of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5493(b)) is amended— (a) in paragraph (1), by striking shall establish and inserting may establish; (b) in paragraph (2), by striking shall establish and inserting may establish; and (c) in subsection (D) of paragraph (3)— (1) by striking To facilitate preparation of the reports required under subparagraph (C), supervision and enforcement activities, and monitoring of the market for consumer financial products and services, the and inserting The; and (2) by adding at the end the following: Information collected under this paragraph may not be made publicly available..