United States · Bill · S
S. 3990 (116th)
Financial Product Safety Commission Act of 2020
Introduced
17 June 2020
Last action
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Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
—
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.
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Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 17 June 2020
Introduced in Senate (PDF)
Introduced in Senate · EN · 17 June 2020
Introduced in Senate
summary · EN · 17 June 2020
Sponsors
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Related records
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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