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H.R. 5569 (114th): To amend the Consumer Financial Protection Act of 2010 to repeal the authority of the Bureau of Consumer Financial Protection to restrict arbitration, and for other purposes.

The text of the bill below is as of Jun 22, 2016 (Introduced).

I

114th CONGRESS

2d Session

H. R. 5569

IN THE HOUSE OF REPRESENTATIVES

June 22, 2016

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 repeal the authority of the Bureau of Consumer Financial Protection to restrict arbitration, and for other purposes.

1.

Repeal of authority to restrict arbitration

(a)

In general

Section 1028 of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5518) is hereby repealed.

(b)

Clerical amendment

The table of contents under section 1(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act is amended by striking the item relating to section 1028.