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Union Calendar No. 250 

114TH CONGRESS 

1ST SESSION H. R. 1737 

[Report No. 114–329] 

To nullify certain guidance of the Bureau of Consumer Financial Protection 

and to provide requirements for guidance issued by the Bureau with 

respect to indirect auto lending. 

IN THE HOUSE OF REPRESENTATIVES 

APRIL 13, 2015 

Mr. GUINTA (for himself, Mr. PERLMUTTER, Mr. STUTZMAN, Mr. DAVID

SCOTT of Georgia, Mr. STIVERS, Mr. SHERMAN, Mr. WILLIAMS, Mr. KILDEE, and Mrs. BEATTY) introduced the following bill; which was referred 

to the Committee on Financial Services 

NOVEMBER 9, 2015 

Additional sponsors: Mr. NEUGEBAUER, Mr. BISHOP of Georgia, Mr. BARR, 

Mr. COOPER, Mr. DOLD, Ms. FRANKEL of Florida, Mrs. LUMMIS, Mr. 

GIBSON, Mr. GIBBS, Ms. KUSTER, Mr. JOYCE, Ms. SINEMA, Mr. TIBERI, 

Mr. SCHRADER, Mr. CHABOT, Mr. RYAN of Ohio, Mr. TIPTON, Mr. 

LIPINSKI, Mr. WENSTRUP, Ms. DUCKWORTH, Mr. LATTA, Ms. 

BORDALLO, Mr. GUTHRIE, Mr. MURPHY of Florida, Mr. SAM JOHNSON

of Texas, Mr. ASHFORD, Mr. TURNER, Mr. CUELLAR, Mr. DUFFY, Ms. 

WILSON of Florida, Mr. HULTGREN, Mr. BUCSHON, Mr. GENE GREEN

of Texas, Mr. HILL, Mrs. BUSTOS, Mr. RENACCI, Mr. WELCH, Mr. 

GRAVES of Georgia, Mr. HASTINGS, Mr. MCHENRY, Ms. JACKSON LEE, 

Mr. FINCHER, Mr. GRAVES of Louisiana, Mr. JOHNSON of Ohio, Ms. 

DELBENE, Mr. LUETKEMEYER, Mr. HINOJOSA, Mr. RIBBLE, Mr. 

ISRAEL, Mr. SWALWELL of California, Mr. KIND, Mr. MACARTHUR, Mr. 

SESSIONS, Mr. LOEBSACK, Mr. OLSON, Ms. LORETTA SANCHEZ of California, Mr. PAULSEN, Mr. SENSENBRENNER, Ms. TITUS, Mr. PEARCE, 

Mrs. HARTZLER, Mr. VEASEY, Ms. HERRERA BEUTLER, Ms. BROWNLEY

of California, Mr. SCHWEIKERT, Mr. PALAZZO, Mr. VARGAS, Mr. GOSAR, 

Mr. MESSER, Mr. WALZ, Mr. HANNA, Ms. STEFANIK, Mr. VELA, Mr. 

YODER, Mr. EMMER of Minnesota, Mr. MICHAEL F. DOYLE of Pennsylvania, Mr. POSEY, Mr. CONNOLLY, Mr. WESTMORELAND, Mr. PASCRELL, 

Mr. VALADAO, Mr. BABIN, Ms. GRAHAM, Mr. WALBERG, Mr. MULVANEY, 


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•HR 1737 RH

Mr. KILMER, Mr. LAMBORN, Miss RICE of New York, Mr. JOLLY, Mr. 

DUNCAN of Tennessee, Mr. BRADY of Pennsylvania, Mr. COLLINS of New 

York, Mr. SIMPSON, Mr. COURTNEY, Mr. MARCHANT, Ms. ESTY, Mr. 

YOUNG of Iowa, Ms. GABBARD, Mrs. BROOKS of Indiana, Mr. TAKAI, Mr. 

KATKO, Mr. COSTA, Mr. GROTHMAN, Mr. JORDAN, Mr. PETERSON, Mrs. 

TORRES, Ms. WASSERMAN SCHULTZ, Mr. ROTHFUS, Mrs. WAGNER, Mr. 

GOODLATTE, Mr. KING of New York, Mr. QUIGLEY, Mr. TROTT, Mr. 

TED LIEU of California, Mr. HURT of Virginia, Mr. O’ROURKE, Mr. 

PITTENGER, Mrs. MCMORRIS RODGERS, Mrs. KIRKPATRICK, Mr. SMITH

of Texas, Mr. BARLETTA, Mr. BRAT, Mr. HUFFMAN, Mr. ZELDIN, Mr. 

LANCE, Ms. GRANGER, Mr. CRAMER, Mr. AGUILAR, Mr. HARPER, Mrs. 

BLACK, Mr. GRAYSON, Mr. GARRETT, Mr. ROUZER, Mr. RIGELL, Ms. 

CASTOR of Florida, Mr. GRIFFITH, Mr. ABRAHAM, Mr. SIRES, Mr. 

CRAWFORD, Ms. BROWN of Florida, Mrs. LOVE, Mr. POMPEO, Mr. 

ZINKE, Mr. NORCROSS, Mr. NUNES, Mr. ALLEN, Mr. HUDSON, Mr. 

BISHOP of Utah, Mr. COFFMAN, Mr. MARINO, Ms. JENKINS of Kansas, 

Mr. SEAN PATRICK MALONEY of New York, Mr. HOLDING, Mr. 

HUELSKAMP, Mr. MCKINLEY, Mr. LOUDERMILK, Mr. KELLY of Pennsylvania, and Mr. FARR

NOVEMBER 9, 2015 

Committed to the Committee of the Whole House on the State of the Union 

and ordered to be printed 

A BILL 

To nullify certain guidance of the Bureau of Consumer Financial Protection and to provide requirements for guidance issued by the Bureau with respect to indirect auto 

lending. 


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•HR 1737 RH

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Reforming CFPB Indi5 rect Auto Financing Guidance Act’’. 

6 SEC. 2. NULLIFICATION OF AUTO LENDING GUIDANCE. 

7 Bulletin 2013–02 of the Bureau of Consumer Finan8 cial Protection (published March 21, 2013) shall have no 

9 force or effect. 

10 SEC. 3. GUIDANCE REQUIREMENTS. 

11 Section 1022(b) of the Consumer Financial Protec12 tion Act of 2010 (12 U.S.C. 5512(b)) is amended by add13 ing at the end the following: 

14 ‘‘(5) GUIDANCE ON INDIRECT AUTO FINANC15 ING.—In proposing and issuing guidance primarily 

16 related to indirect auto financing, the Bureau 

17 shall— 

18 ‘‘(A) provide for a public notice and com19 ment period before issuing the guidance in final 

20 form; 

21 ‘‘(B) make available to the public, includ22 ing on the website of the Bureau, all studies, 

23 data, methodologies, analyses, and other infor24 mation relied on by the Bureau in preparing 

25 such guidance; 


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1 ‘‘(C) redact any information that is exempt 

2 from disclosure under paragraph (3), (4), (6), 

3 (7), or (8) of section 552(b) of title 5, United 

4 States Code; 

5 ‘‘(D) consult with the Board of Governors 

6 of the Federal Reserve System, the Federal 

7 Trade Commission, and the Department of Jus8 tice; and 

9 ‘‘(E) conduct a study on the costs and im10 pacts of such guidance to consumers and 

11 women-owned, minority-owned, and small busi12 nesses.’’. 


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Union Calendar No. 250 

114TH CONGRESS 

1ST SESSION H. R. 1737 

[Report No. 114–329] 

A BILL 

To nullify certain guidance of the Bureau of Conwith respect to indirect auto lending. quirements for guidance issued by the Bureau sumer Financial Protection and to provide reNOVEMBER 9, 2015 

Committed to the Committee of the Whole House on the 

State of the Union and ordered to be printed 


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