On February 13, 2017, H.R. 1018 was introduced in the US House of Representatives which would alter the current governance structure of the Bureau of Consumer Financial Protection. Like a comparable bill that was introduced in the US Senate (S. 105), H.R. 1018 would replace the role of director of the Bureau with a 5-person commission. Other notable provisions that members of the commission will serve staggered terms, and that no more than 3 members can be from a single political party.
On February 17, 2017, H.R. 1031 was introduced in the US House of Representatives which seeks to repeal the Bureau of Consumer Financial Protection. A corresponding version of the bill, which calls for the Bureau to be eliminated by repealing title X of Dodd-Frank, was introduced in the US Senate (S. 370).
H.R. 1031 is available at: https://www.congress.gov/115/bills/hr1031/BILLS-115hr1031ih.xml.
H.R. 1018 is available at: https://www.congress.gov/115/bills/hr1018/BILLS-115hr1018ih.xml.
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