Summary of Amendments Submitted to the Rules Committee for H.R. 3193 - Consumer Financial Protection Safety and Soundness Improvement Act of 2013

Summaries Derived from Information Provided by Sponsors

Listed in Alphabetical Order

Feb 10, 2014 4:46 PM

Click on sponsor for amendment text.

Amash (MI)

#9

LATE Inserts parallel citations to the U.S. Code for uncodified statutes proposed to be amended by this legislation, as required by section 3(i) of H.Res. 5.

Cassidy (LA)

#8

LATE WITHDRAWN Requires the CFPB to not retain nonpublic consumer financial information beyond 90 days.

Castor (FL)

#1

Delays flood insurance premium changes until completion of affordability study.

DeSantis (FL)

#4

Repeals the exclusive rulemaking authority of the Consumer Financial Protection Bureau.

Esty (CT)

#3

SUBSTITUTE Strikes the text of HR 3193 and replaces it with a study on predatory lending practices that target low-income families for student loan services.

Moore, Gwen (WI)

#7

Adds Findings and Sense of Congress language to the end of the bill that acknowledges and honors the work of the Consumer Financial Protection Bureau in providing protection and relief to consumers from instances of unfair, deceptive, and abusive practices in financial markets.

Rigell (VA)

#2

Requires the Consumer Financial Protection Bureau to (1) submit an analysis on the impact of its proposed rule or regulation on the financial industry, and (2) submit an analysis of consumer and small business access to credit as a result of the regulation, to the Financial Stability Oversight Council for the purposes of public review.

Stivers (OH), Walz (MN)

#6

Creates an independent, Senate-confirmed Inspector General for the Financial Product Safety Commission.

Takano (CA)

#5

SUBSTITUTE Strikes the bill text and replaces it with a requirement that the Consumer Financial Protection Bureau conduct a study on the impact of rental backed securities on mortgage credit availability, housing markets, and consumers living in the impacted rental properties.