United States 114th Congress Status: Died 1 R cosponsors

HR 1266 — Financial Product Safety Commission Act of 2015

Last action — Placed on the Union Calendar, Calendar No. 682.

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  1. ✓
    Introduced
  2. Died in session

This bill died with 114th Congress. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

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.

Bill Text

We don't have the full text on file for this bill yet.

Read HR 1266 on the official United States source →

Action History

  1. Placed on the Union Calendar, Calendar No. 682.

  2. Reported (Amended) by the Committee on Financial Services. H. Rept. 114-872.

  3. Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 24.

  4. Committee Consideration and Mark-up Session Held.

  5. Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

  6. Referred to the House Committee on Financial Services.

  7. Introduced in House

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

finance
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Frequently asked questions

What does HR 1266 do?
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.
Who sponsors HR 1266?
HR 1266 is sponsored by Randy Neugebauer (R).
What is the current status of HR 1266?
This bill died with 114th Congress. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 1266?
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Last checked for changes about 19 hours ago · updated continuously

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