H.R. 3126: Consumer Financial Protection Agency Act of 2009 (GovTrack.us)

H.R. 3126:

Consumer Financial Protection Agency Act of 2009

111^th Congress

This is a bill in the U.S. Congress originating in the House of Representatives ("H.R."). A bill must be passed by both the House and Senate and then be signed by the President before it becomes law.

Bill numbers restart from 1 every two years. Each two-year cycle is called a session of Congress. This bill was created in the 111^th Congress, in 2009-2010.

The titles of bills are written by the bill's sponsor and are a part of the legislation itself. GovTrack does not editorialize bill summaries.

2009-2010

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Primary Source

See H.R. 3126 on THOMAS for the official source of information on this bill or resolution.

To establish the Consumer Financial Protection Agency, and for other purposes.

Overview

Sponsor:

Rep. Barney Frank [D-MA4]show cosponsors (18)

Text:

Summary | Full Text

Cost:

$3 per American over the 2010-2019 period.

This is computed from a Congressional Budget Office report, merely by dividing the estimated cost of $646,000,000 by the U.S. population. The figure is extracted from the report automatically and may be incorrect. See the report for details.

Status:

	Introduced	Jul 8, 2009
	Referred to Committee	View Committee Assignments
	Reported by Committee	Oct 22, 2009
	House Vote	...
	Senate Vote	...
	Signed by President	...

This bill was considered in committee which has recommended it be considered by the House as a whole. Although it has been placed on a calendar of business, the order in which legislation is considered and voted on is determined by the majority party leadership. Keep in mind that sometimes the text of one bill is incorporated into another bill, and in those cases the original bill, as it would appear here, would seem to be abandoned. [Last Updated: Jun 27, 2010 10:04AM]

Last Action:

Dec 9, 2009: Reported (Amended) by the Committee on Energy and Commerce. H. Rept. 111-367, Part I.

See the Related Legislation page for other bills related to this one and a list of subject terms that have been applied to this bill. Sometimes the text of one bill or resolution is incorporated into another, and in those cases the original bill or resolution, as it would appear here, would seem to be abandoned.

Question & Answer

Can you answer any of these questions posed by other users? Think of it as a civic good deed. See 6 more questions posed on this topic or submit your own question on the Q&A page.

Oct 29, 2009 8:09 AM - Is there an exception to consumer reporting agencies that are NOT credit bureaus such as background screening companies? - Answer it!

Mar 3, 2010 10:25 PM - Will companies reporting debts to credit bureaus and collection companies be required to show proof of consumer negligence and attempts to collect, prior to setting up the debt account? - Answer it!

and 6 more questions.

Subject Areas

Administrative law and regulatory procedures, Advisory bodies, Bank accounts, deposits, capital, Banking and financial institutions regulation, Business records, Consumer affairs, Consumer credit, Credit and credit markets, Department of the Treasury, Executive agency funding and structure, Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, Federal Trade Commission (FTC), Finance and financial sector, Fraud offenses and financial crimes, Government information and archives, Government investigations, Government trust funds, Housing finance and home ownership, Judicial review and appeals, Marketing and advertising, Minority and disadvantaged businesses, National Credit Union Administration, Real estate business, Small business, Women in business

Sources of Influence

MAPLight.org reports that the following organizations have taken a stance on this bill:

Support

Oppose

National Association for the Advancement of Colored People

Center for Responsible Lending

National Council of La Raza

Service Employees International Union

American Bankers Association

Independent Community Bankers Association

American Financial Services Association

Chamber of Commerce

The Financial Services Roundtable

American Advertising Federation

Business Roundtable

Consumer Mortgage Coalition

National Association of Mutual Insurance Companies

National Association of Professional Insurance Agents

National Automobile Dealers Association

Real Estate Service Providers Council

Follow the link to MAPLight.org to see if campaign contributions from employees of these organizations are correlated with how Members of Congress voted on this bill.

Because the U.S. Congress posts most legislative information online one legislative day after events occur, GovTrack is usually one legislative day behind. For more information about where this data comes from, see About GovTrack.us.

To cite this information, click a citation format for a suggestion: APA | MLA | Wikipedia Template.

{{cite web
|url=http://www.govtrack.us/congress/bill.xpd?bill=h111-3126
|title=H.R. 3126
|accessdate=September 2, 2010
|author=111th Congress (2009)
|date=Jul 8, 2009
|work=Legislation
|publisher=GovTrack.us
|quote=Consumer Financial Protection Agency Act of 2009
}}

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Overview

Subject Areas

Sources of Influence