H. R. 2904
IN THE HOUSE OF REPRESENTATIVES
May 22, 2019
Mr. Barr introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committee on Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned
To amend the Consumer Financial Protection Act of 2010 to extend certain supervisory authority of the Bureau of Consumer Financial Protection to include assessing compliance with the Military Lending Act.
This Act may be cited as the
Financial Protection for Our Military Families Act.
Bureau examination authority with respect to Military Lending Act compliance
The Consumer Financial Protection Act of 2010 (12 U.S.C. 5481 et seq.) is amended—
in section 1024(b)(1)(A), by inserting before the semicolon the following:
and section 987 of title 10, United States Code; and
in section 1025(b)(1)—
by redesignating subparagraphs (B) and (C) as subparagraphs (C) and (D), respectively; and
by inserting after subparagraph (A) the following:
assessing compliance with the requirements of section 987 of title 10, United States Code;