‘‘(2) TOLLING OF STATUTE OF LIMITATIONS.— 
Any applicable statute of limitations that applies to 
conduct under which the Bureau has given notice 
and an opportunity to cure shall not toll until— 
‘‘(A) the covered person cures the potential 
abusive, unfair, or deceptive act or practice and 
notifies the Bureau that such act or practice 
has been cured; 
‘‘(B) the covered person notifies the Bu-
reau that such covered person will not cure the 
act or practice; or 
‘‘(C) the 180-day period to cure ends.’’. 
SEC. 7. ABUSIVE, UNFAIR, OR DECEPTIVE ACTS OR PRAC-
TICES ENFORCEMENT ACTIONS. 
(a) IN GENERAL.—Subtitle E of title X of the Con-
sumer Financial Protection Act of 2010 (12 U.S.C. 5561 
et seq.) is amended by adding at the end the following 
new section: 
‘‘SEC. 1059. UNFAIR, DECEPTIVE, OR ABUSIVE ACTS OR 
PRACTICES ENFORCEMENT ACTIONS. 
‘‘Enforcement actions brought by the Bureau under 
section 1031 under this title shall be brought in— 
‘‘(1) the United States district court located 
where the covered person has its headquarters loca-
tion; or 
VerDate Sep 11 2014 
22:38 Mar 14, 2025
Jkt 059200
PO 00000
Frm 00007
Fmt 6652
Sfmt 6201
E:\BILLS\H1652.IH
H1652
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(2) the United States District Court for the 
District of Columbia.’’. 
(b) ACTIONS UNDER SECTION 1031.—Section 1031 
of the Consumer Financial Protection Act of 2010 is 
amended by adding at the end the following: 
‘‘(g) ENFORCEMENT ACTIONS.— 
‘‘(1) IN GENERAL.—If the Bureau brings an 
enforcement action under this section, the Bureau 
shall state with particularity the circumstances that 
the Bureau alleges constitute violation of this sec-
tion. 
‘‘(2) ALTERNATIVE
CLAIMS.—If the Bureau 
brings an enforcement action under this section— 
‘‘(A) claiming that an activity is unfair or 
deceptive, the Bureau may not claim in the al-
ternative that the activity is abusive; and 
‘‘(B) claiming that an activity is abusive, 
the Bureau may not claim in the alternative 
that the activity is unfair or deceptive.’’. 
SEC. 8. LOOK-BACK PROVISIONS FOR THE CONSUMER FI-
NANCIAL PROTECTION BUREAU. 
Subtitle B of title X of the Consumer Financial Pro-
tection Act of 2010 (12 U.S.C. 5511 et seq.) is amended 
by adding at the end the following new section: 
VerDate Sep 11 2014 
22:38 Mar 14, 2025
Jkt 059200
PO 00000
Frm 00008
Fmt 6652
Sfmt 6201
E:\BILLS\H1652.IH
H1652
ssavage on LAPJG3WLY3PROD with BILLS
‘‘SEC. 1029B EXAMINATION PERIOD LIMITATIONS. 
‘‘(a) IN GENERAL.—When enforcing Federal con-
sumer financial laws, the Bureau may not seek a civil 
money penalty for any violating conduct that occurred 
prior to the most recent assignment of a consumer compli-
ance rating. 
‘‘(b) RULE OF CONSTRUCTION.—This limitation de-
scribed in subsection (a) may not be construed to restrict 
the ability of the Bureau to seek other forms of legal or 
equitable relief available under subparagraphs (A) through 
(G) of section 1055(a)(2) for any violating conduct that 
occurred prior to the most recent assignment of a con-
sumer compliance rating.’’. 
Æ 
VerDate Sep 11 2014 
22:38 Mar 14, 2025
Jkt 059200
PO 00000
Frm 00009
Fmt 6652
Sfmt 6301
E:\BILLS\H1652.IH
H1652
ssavage on LAPJG3WLY3PROD with BILLS