Financial Product Safety Commission Act of 2015
Amends the Consumer Financial Protection Act of 2010 to replace the Consumer Financial Protection Bureau as an independent bureau within the Federal Reserve System, with an independent Financial Product Safety Commission that is to regulate the offering and provision of consumer financial products or services.
States that the Commission shall be composed of five members with strong competencies and experiences regarding consumer financial products and services, each to serve for a term of five years, and appointed by the President by and with the advice and consent of the Senate.
Prohibits the Chair of the Commission from submitting requests for estimates related to appropriations without prior Commission approval.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2016-12-12 | Calendars | Placed on the Union Calendar, Calendar No. 682. | House floor actions |
| 2016-12-12 | Committee | Reported (Amended) by the Committee on Financial Services. H. Rept. 114-872. | House floor actions |
| 2015-09-30 | Committee | Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 24. | House committee actions |
| 2015-09-30 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2015-06-11 | Committee | Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral. | House committee actions |
| 2015-03-04 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2015-03-04 | IntroReferral | Introduced in House | Library of Congress |