S. 2925 — Introduced in Senate

II 118th CONGRESS 1st Session S. 2925 IN THE SENATE OF THE UNITED STATES September 26 (legislative day, September 22), 2023Mr. Kennedy (for himself and Mr. Tillis) 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 set the rate of pay for employees of the Bureau of Consumer Financial Protection in accordance with the General Schedule. 1. Short title This Act may be cited as the CFPB Pay Fairness Act of 2023. 2. Rate of pay for employees of the Bureau of Consumer Financial Protection (a) In general Section 1013(a)(2) of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5493(a)(2)) is amended to read as follows: (2) Compensation The rates of basic pay for all employees of the Bureau shall be set and adjusted by the Director in accordance with the General Schedule set forth in section 5332 of title 5, United States Code. . (b) Effective date The amendment made by subsection (a) shall take effect on the date that is 90 days after the date of enactment of this Act.