CFPB Whistleblower Incentives and Protection Act

Summary

CFPB Whistleblower Incentives and Protection Act This bill requires the Consumer Financial Protection Bureau to provide awards to whistleblowers who report information relating to a violation of consumer financial law resulting in certain monetary sanctions exceeding $1 million. Specifically, the bureau must award compensation to whistleblowers (1) not less than the greater of 10% of the collected monetary sanctions, or $50,000; and (2) not more than 30% of the collected monetary sanctions. The compensation to any single whistleblower is capped at $5 million. The bill also sets forth requirements regarding the legal representation of a whistleblower and provides for confidentiality regarding the whistleblower's identity.

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Timeline

1. 25 October 2021

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 25 October 2021

   Introduced

   Introduced in House

   Source: IntroReferral

3. 25 October 2021

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 25 October 2021 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 25 October 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 25 October 2021

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 25 October 2021

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Emmer, Tom [R-MN-6] · R · Sponsor
• Rep. Sessions, Pete [R-TX-17] · R · Cosponsor
• · hsba00 · Standing

Related records

• related to → Financial Compensation for CFPB Whistleblowers Act
• related to → Financial Compensation for CFPB Whistleblowers Act
• related to → CFPB Whistleblower Incentives and Protection Act