United States · Bill · S
S. 3990 (116th)
Financial Product Safety Commission Act of 2020
Introduced
17 June 2020
Last action
17 June 2020 · Introduced
Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
Sen. Fischer, Deb [R-NE], Sen. Barrasso, John [R-WY], Sen. Cramer, Kevin [R-ND], Sen. Sasse, Ben [R-NE], Sen. Cotton, Tom [R-AR], Sen. Perdue, David [R-GA]
Subjects
Discovery layer
Source updated
5 December 2025
Summary
Financial Product Safety Commission Act of 2020 This bill removes the Consumer Financial Protection Bureau from the Federal Reserve System, converts the bureau into an independent commission, and modifies its leadership structure. Specifically, the bill eliminates the positions of director and deputy director and establishes a five-person commission appointed by the President and confirmed by the Senate.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
17 June 2020
Introduced
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Source: IntroReferral
17 June 2020
Introduced
Introduced in Senate
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in Senate · 17 June 2020 · Download file
Documents
3 official files
Introduced in Senate (text)
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Introduced in Senate (text)
Introduced in Senate · EN · 17 June 2020
Introduced in Senate (PDF)
Introduced in Senate · EN · 17 June 2020
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Introduced in Senate
summary · EN · 17 June 2020
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Sen. Fischer, Deb [R-NE] · R · Sponsor
- Sen. Barrasso, John [R-WY] · R · Sponsor
- Sen. Cramer, Kevin [R-ND] · R · Sponsor
- Sen. Sasse, Ben [R-NE] · R · Sponsor
- Sen. Cotton, Tom [R-AR] · R · Sponsor
- Sen. Perdue, David [R-GA] · R · Cosponsor
- · ssbk00 · Standing
Related records
- related to → Consumer Financial Protection Commission Act
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/116th-congress/senate-bill/3990
- Open data entity: https://api.congress.gov/v3/bill/116/s/3990
- us · 116-s-3990 · source updated 5 December 2025