I 
119TH CONGRESS 
1ST SESSION H. R. 3445 
To amend the Consumer Financial Protection Act of 2010 to make the 
Bureau of Consumer Financial Protection an independent agency led 
by a commission, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 15, 2025 
Mr. HUIZENGA (for himself, Mr. BARR, Mr. MEUSER, Mr. FITZGERALD, Mr. 
ROSE, Mr. MOORE of North Carolina, and Mr. TIMMONS) introduced the 
following bill; which was referred to the Committee on Financial Services 
A BILL 
To amend the Consumer Financial Protection Act of 2010 
to make the Bureau of Consumer Financial Protection 
an independent agency led by a commission, and for 
other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Bureau of Consumer 
Financial Protection Commission Act’’. 
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SEC. 2. MAKING THE BUREAU AN INDEPENDENT AGENCY 
LED BY A COMMISSION. 
The Consumer Financial Protection Act of 2010 (12 
U.S.C. 5481 et seq.) is amended— 
(1) in section 1011— 
(A) in subsection (a)— 
(i) by striking ‘‘in the Federal Reserve 
System,’’; and 
(ii) by striking ‘‘independent bureau’’ 
and inserting ‘‘independent agency’’; 
(B) by striking subsections (b), (c), and 
(d); 
(C) by redesignating subsection (e) as sub-
section (j); 
(D) in subsection (j), as so redesignated, 
by striking ‘‘, including in cities in which the 
Federal reserve banks, or branches of such 
banks, are located,’’; and 
(E) by inserting after subsection (a) the 
following new subsections: 
‘‘(b) AUTHORITY TO PRESCRIBE REGULATIONS.— 
The commission of the Bureau may prescribe such regula-
tions and issue such orders in accordance with this title 
as the Bureau may determine to be necessary for carrying 
out this title and all other laws within the Bureau’s juris-
diction and shall exercise any authorities granted under 
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this title and all other laws within the Bureau’s jurisdic-
tion. 
‘‘(c) COMPOSITION OF THE COMMISSION.— 
‘‘(1) IN
GENERAL.—The management of the 
Bureau shall be vested in a commission, which shall 
be composed of 5 members who shall be appointed 
by the President, by and with the advice and consent 
of the Senate, and— 
‘‘(A) at least 2 of whom shall have private 
sector experience in the provision of consumer 
financial products and services; and 
‘‘(B) at least 1 of whom shall have been 
employed as a State bank supervisor (as de-
fined in section 3 of the Federal Deposit Insur-
ance Act (12 U.S.C. 1803)). 
‘‘(2) STAGGERING.—The members of the com-
mission shall serve staggered terms, which initially 
shall be established by the President for terms of 1, 
2, 3, 4, and 5 years, respectively. 
‘‘(3) TERMS.— 
‘‘(A) IN GENERAL.—Except with respect to 
the initial staggered terms described under 
paragraph (2), each member of the commission, 
including the Chair, shall serve for a term of 5 
years. 
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‘‘(B) REMOVAL.—The President may re-
move any member of the commission for ineffi-
ciency, neglect of duty, or malfeasance in office. 
‘‘(C) VACANCIES.—Any member of the 
commission appointed to fill a vacancy occur-
ring before the expiration of the term to which 
that member’s predecessor was appointed (in-
cluding the Chair) shall be appointed only for 
the remainder of the term. 
‘‘(D) CONTINUATION OF SERVICE.—Each 
member of the commission may continue to 
serve after the expiration of the term of office 
to which that member was appointed until a 
successor has been appointed by the President 
and confirmed by the Senate, except that a 
member may not continue to serve more than 1 
year after the date on which that member’s 
term would otherwise expire. 
‘‘(E) OTHER EMPLOYMENT PROHIBITED.— 
No member of the commission shall engage in 
any other business, vocation, or employment. 
‘‘(d) AFFILIATION.—Not more than 3 members of 
the commission shall be members of any one political 
party. 
‘‘(e) CHAIR OF THE COMMISSION.— 
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‘‘(1) INITIAL
CHAIR.—The first member and 
Chair of the commission shall be the individual serv-
ing as Director of the Bureau of Consumer Finan-
cial Protection on the day before the date of the en-
actment of this subsection. Such individual shall 
serve until the President has appointed all 5 mem-
bers of the commission in accordance with sub-
section (c). 
‘‘(2) SUBSEQUENT CHAIR.—Of the 5 members 
appointed in accordance with subsection (c), the 
President shall appoint 1 member to serve as the 
subsequent Chair of the commission. 
‘‘(3) AUTHORITY.—The Chair shall be the prin-
cipal executive officer of the commission, and shall 
exercise all of the executive and administrative func-
tions of the commission, including with respect to— 
‘‘(A) the appointment and supervision of 
personnel employed under the commission 
(other than personnel employed regularly and 
full time in the immediate offices of members of 
the commission other than the Chair); 
‘‘(B) the distribution of business among 
personnel appointed and supervised by the 
Chair and among administrative units of the 
commission; and 
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‘‘(C) the use and expenditure of funds. 
‘‘(4) LIMITATION.—In carrying out any of the 
Chair’s functions under the provisions of this sub-
section, the Chair shall be governed by general poli-
cies of the commission and by such regulatory deci-
sions, findings, and determinations as the commis-
sion may by law be authorized to make. 
‘‘(5) REQUESTS
OR
ESTIMATES
RELATED
TO 
APPROPRIATIONS.—Requests or estimates for reg-
ular, supplemental, or deficiency appropriations on 
behalf of the commission may not be submitted by 
the Chair without the prior approval of the commis-
sion. 
‘‘(6) DESIGNATION.—The Chair shall be known 
as both the ‘Chair of the commission’ of the Bureau 
and the ‘Chair of the Bureau’. 
‘‘(f) INITIAL QUORUM ESTABLISHED.—For the 6 
month period beginning on the date of enactment of this 
subsection, the first member and Chair of the commission 
described under subsection (e)(1) shall constitute a 
quorum for the transaction of business until the President 
has appointed all 5 members of the commission in accord-
ance with subsection (c). Following such appointment of 
5 members, the quorum requirements of subsection (g) 
shall apply. 
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‘‘(g) NO IMPAIRMENT BY REASON OF VACANCIES.— 
No vacancy in the members of the commission after the 
establishment of an initial quorum under subsection (f) 
shall impair the right of the remaining members of the 
commission to exercise all the powers of the commission. 
Three members of the commission shall constitute a 
quorum for the transaction of business, except that if 
there are only 3 members serving on the commission be-
cause of vacancies in the commission, 2 members of the 
commission shall constitute a quorum for the transaction 
of business. If there are only 2 members serving on the 
commission because of vacancies in the commission, 2 
members shall constitute a quorum for the 6-month period 
beginning on the date of the vacancy which caused the 
number of commission members to decline to 2. 
‘‘(h) SEAL.—The Bureau shall have an official seal. 
‘‘(i) COMPENSATION.— 
‘‘(1) CHAIR.—The Chair shall receive com-
pensation at the rate prescribed for level I of the 
Executive Schedule under section 5313 of title 5, 
United States Code. 
‘‘(2) OTHER MEMBERS OF THE COMMISSION.— 
The 4 other members of the commission shall each 
receive compensation at the rate prescribed for level 
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II of the Executive Schedule under section 5314 of 
title 5, United States Code.’’; 
(2) in section 1012(c)— 
(A) in the heading, by striking ‘‘AUTON-
OMY OF THE BUREAU’’ and inserting ‘‘COORDI-
NATION WITH THE BOARD OF GOVERNORS’’; 
(B) by striking ‘‘(1) COORDINATION WITH 
THE BOARD OF GOVERNORS.—’’; and 
(C) by striking paragraphs (2), (3), (4), 
and (5); and 
(3) in section 1014(b), by striking ‘‘Not fewer 
than 6 members shall be appointed upon the rec-
ommendation of the regional Federal Reserve Bank 
Presidents, on a rotating basis.’’ and inserting ‘‘Not 
fewer than half of all members shall have private 
sector experience in the provision of consumer finan-
cial products and services.’’. 
SEC. 3. DEEMING OF NAME. 
Any reference in a law, regulation, document, paper, 
or other record of the United States to the Director of 
the Bureau of Consumer Financial Protection, except in 
subsection (e)(1) of section 1011 of the Consumer Finan-
cial Protection Act of 2010 (12 U.S.C. 5491), as added 
by this Act, shall be deemed a reference to the commission 
leading and governing the Bureau of Consumer Financial 
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Reform and Consumer Protection Act (12 U.S.C. 5301 
et seq.) is amended— 
(1) in section 111(b)(1)(D), by striking ‘‘Direc-
tor’’ and inserting ‘‘Chair’’; and 
(2) in section 1447, by striking ‘‘Director of the 
Bureau’’ each place such term appears and inserting 
‘‘Chair of the Bureau’’. 
(c) ELECTRONIC FUND TRANSFER ACT.—Section 
921(a)(4)(C) of the Electronic Fund Transfer Act (15 
U.S.C. 1693o–2(a)(4)(C)), as added by section 1075(a)(2) 
of the Consumer Financial Protection Act of 2010, is 
amended by striking ‘‘Director of the Bureau of Consumer 
Financial Protection’’ and inserting ‘‘Chair of the Bureau 
of Consumer Financial Protection’’. 
(d) EXPEDITED FUNDS AVAILABILITY ACT.—The 
Expedited Funds Availability Act (12 U.S.C. 4001 et 
seq.), as amended by section 1086 of the Consumer Finan-
cial Protection Act of 2010, is amended by striking ‘‘Di-
rector of the Bureau’’ each place such term appears and 
inserting ‘‘Bureau’’. 
(e) FEDERAL DEPOSIT INSURANCE ACT.—Section 2 
of the Federal Deposit Insurance Act (12 U.S.C. 1812), 
as amended by section 336(a) of the Dodd-Frank Wall 
Street Reform and Consumer Protection Act, is amended 
by striking ‘‘Director of the Consumer Financial Protec-
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tion Bureau’’ each place such term appears and inserting 
‘‘Chair of the Bureau of Consumer Financial Protection’’. 
(f) FEDERAL FINANCIAL INSTITUTIONS EXAMINA-
TION COUNCIL ACT OF 1978.—Section 1004(a)(4) of the 
Federal Financial Institutions Examination Council Act of 
1978 (12 U.S.C. 3303(a)(4)), as amended by section 1091 
of the Consumer Financial Protection Act of 2010, is 
amended by striking ‘‘Director of the Consumer Financial 
Protection Bureau’’ and inserting ‘‘Chair of the Bureau 
of Consumer Financial Protection’’. 
(g) FINANCIAL
LITERACY
AND
EDUCATION
IM-
PROVEMENT ACT.—Section 513 of the Financial Literacy 
and Education Improvement Act (20 U.S.C. 9702), as 
amended by section 1013(d)(5) of the Consumer Financial 
Protection Act of 2010, is amended by striking ‘‘Director’’ 
each place such term appears and inserting ‘‘Chair’’. 
(h) HOME MORTGAGE DISCLOSURE ACT OF 1975.— 
Section 307 of the Home Mortgage Disclosure Act of 1975 
(12 U.S.C. 2806 et seq), as amended by section 1094(6) 
of the Consumer Financial Protection Act of 2010, is 
amended by striking ‘‘Director of the Bureau of Consumer 
Financial Protection’’ each place such term appears and 
inserting ‘‘Bureau of Consumer Financial Protection’’. 
(i) INTERSTATE LAND SALES FULL DISCLOSURE 
ACT.—The Interstate Land Sales Full Disclosure Act (15 
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U.S.C. 1701 et seq), as amended by section 1098A of the 
Consumer Financial Protection Act of 2010, is amended— 
(1) in section 1402— 
(A) by striking paragraph (1); and 
(B) 
by 
redesignating 
paragraphs 
(2) 
through (12) as paragraphs (1) through (11), 
respectively; 
(2) in section 1403(c)— 
(A) by striking ‘‘him’’ and inserting ‘‘the 
Bureau’’; and 
(B) by striking ‘‘he’’ and inserting ‘‘the 
Bureau’’; 
(3) in section 1407— 
(A) in subsection (c), by striking ‘‘he’’ and 
inserting ‘‘the Bureau’’; and 
(B) in subsection (e), by striking ‘‘Director 
or anyone designated by him’’ and inserting 
‘‘Bureau’’; 
(4) in section 1411(a)— 
(A) by striking ‘‘his findings’’ and insert-
ing ‘‘the findings of the Bureau’’; and 
(B) by striking ‘‘his recommendation’’ and 
inserting ‘‘the recommendation of the Bureau’’; 
(5) in section 1415— 
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(A) in subsection (a), by striking ‘‘he may, 
in his discretion,’’ and inserting ‘‘the Bureau 
may, in the discretion of the Bureau,’’; 
(B) in subsection (b)— 
(i) by striking ‘‘in his discretion’’ each 
place such term appears and inserting ‘‘in 
the discretion of the Bureau’’; 
(ii) by striking ‘‘he deems’’ and insert-
ing ‘‘the Bureau determines’’; and 
(iii) by striking ‘‘he may deem’’ and 
inserting ‘‘the Bureau may determine’’; 
and 
(C) in subsection (c), by striking ‘‘the Di-
rector, or any officer designated by him,’’ and 
inserting ‘‘the Bureau’’; 
(6) in section 1416(a)— 
(A) by striking ‘‘Director of the Bureau of 
Consumer Financial Protection who may dele-
gate any of his’’ and inserting ‘‘Bureau of Con-
sumer Financial Protection, which may delegate 
any’’; 
(B) by striking ‘‘his administrative’’ and 
inserting ‘‘administrative’’; and 
(C) by striking ‘‘himself’’ and inserting 
‘‘the commission of the Bureau’’; 
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(7) in section 1418a(b)(4), by striking ‘‘Sec-
retary’s determination’’ and inserting ‘‘determina-
tion of the Bureau’’; and 
(8) by striking ‘‘Director’’ each place such term 
appears and inserting ‘‘Bureau’’. 
(j) REAL ESTATE SETTLEMENT PROCEDURES ACT 
OF 1974.—Section 5 of the Real Estate Settlement Proce-
dures Act of 1974 (12 U.S.C. 2604), as amended by sec-
tion 1450 of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act, is amended— 
(1) by striking ‘‘The Director of the Bureau of 
Consumer Financial Protection (hereafter in this 
section referred to as the ‘Director’)’’ and inserting 
‘‘The Bureau of Consumer Financial Protection 
(hereafter in this section referred to as the ‘Bu-
reau’)’’; and 
(2) by striking ‘‘Director’’ each place such term 
appears and inserting ‘‘Bureau’’. 
(k) S.A.F.E. MORTGAGE LICENSING ACT OF 2008.— 
The S.A.F.E. Mortgage Licensing Act of 2008 (12 U.S.C. 
5101 et seq.), as amended by section 1100 of the Con-
sumer Financial Protection Act of 2010, is amended— 
(1) by striking ‘‘Director’’ each place such term 
appears in headings and text and inserting ‘‘Bureau 
of Consumer Financial Protection’’; and 
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(2) in section 1503, by striking paragraph (10). 
(l) TITLE
44, UNITED
STATES
CODE.—Section 
3513(c) of title 44, United States Code, as amended by 
section 1100D(b) of the Consumer Financial Protection 
Act of 2010, is amended by striking ‘‘Director of the’’. 
Æ 
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