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United States · Bill · S

S. 3990 (116th)

Financial Product Safety Commission Act of 2020

referredUnited States· United States Congress· EN

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

  1. 17 June 2020

    Introduced

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

  2. 17 June 2020

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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Leesvertaling

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 17 June 2020

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 17 June 2020

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 17 June 2020

    Open at official source

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Sponsors

Related records

Sources

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