I 
115TH CONGRESS 
1ST SESSION H. R. 1018 
To replace the Director of the Bureau of Consumer Financial Protection 
with a 5-person commission, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 13, 2017 
Mr. DESJARLAIS (for himself and Mr. DUNCAN of Tennessee) introduced the 
following bill; which was referred to the Committee on Financial Services 
A BILL 
To replace the Director of the Bureau of Consumer Financial 
Protection with a 5-person 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 ‘‘CFPB Constitutional 
Reform Act of 2017’’. 
SEC. 2. REPLACING THE DIRECTOR WITH A 5-PERSON COM-
MISSION. 
The Consumer Financial Protection Act of 2010 (12 
U.S.C. 5481 et seq.) is amended— 
(1) in section 1011— 
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(A) by striking subsections (b), (c), and 
(d); 
(B) by redesignating subsection (e) as sub-
section (h); and 
(C) by inserting after subsection (a) the 
following new subsections: 
‘‘(b) BUREAU HEADED BY A COMMISSION.— 
‘‘(1) IN GENERAL.—The Bureau shall be head-
ed by a commission, as provided under this sub-
section. 
‘‘(2) COMPOSITION OF THE COMMISSION.— 
‘‘(A) IN GENERAL.—The commission shall 
be composed of 5 members who shall be ap-
pointed by the President, by and with the ad-
vice and consent of the Senate, from among in-
dividuals who— 
‘‘(i) are citizens of the United States; 
and 
‘‘(ii) have strong competencies and ex-
periences related to consumer financial 
products and services. 
‘‘(B) STAGGERING.—The members of the 
commission shall serve staggered terms, which 
initially shall be established by the President 
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for terms of 1, 2, 3, 4, and 5 years, respec-
tively. 
‘‘(C) TERMS.— 
‘‘(i) IN
GENERAL.—Except as pro-
vided under subparagraph (B), each mem-
ber of the commission, including the Chair, 
shall serve for a term of 5 years. 
‘‘(ii) REMOVAL.—The President may 
remove any member of the commission for 
inefficiency, neglect of duty, or malfea-
sance in office. 
‘‘(iii) VACANCIES.—Any member of 
the commission appointed to fill a vacancy 
occurring before the expiration of the term 
to which that member’s predecessor was 
appointed (including the Chair) shall be 
appointed only for the remainder of the 
term. 
‘‘(iv) CONTINUATION
OF
SERVICE.— 
Each member of the commission may con-
tinue to serve after the expiration of the 
term of office to which that member was 
appointed until a successor has been ap-
pointed by the President and confirmed by 
the Senate, except that a member may not 
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continue to serve more than 1 year after 
the date on which that member’s term 
would otherwise expire. 
‘‘(v) OTHER
EMPLOYMENT
PROHIB-
ITED.—No member of the commission 
shall engage in any other business, voca-
tion, or employment. 
‘‘(c) AFFILIATION.—Not more than 3 members of the 
commission shall be members of any one political party. 
‘‘(d) CHAIR.— 
‘‘(1) APPOINTMENT.—The Chair of the com-
mission shall be appointed by the President from 
among the members of the commission. 
‘‘(2) 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 
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Chair and among administrative units of the 
commission; and 
‘‘(C) the use and expenditure of funds. 
‘‘(3) 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. 
‘‘(e) NO IMPAIRMENT BY REASON OF VACANCIES.— 
No vacancy in the members of the commission 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 trans-
action of business, except that if there are only 3 members 
serving on the commission because 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 vacan-
cies 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 mem-
bers to decline to 2. 
‘‘(f) SEAL.—The Commission shall have an official 
seal. 
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‘‘(g) 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 
II of the Executive Schedule under section 5314 of 
title 5, United States Code.’’. 
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 shall be 
deemed a reference to the Bureau of Consumer Financial 
Protection. 
SEC. 4. CONFORMING AMENDMENTS. 
(a) CONSUMER FINANCIAL PROTECTION ACT
OF 
2010.— 
(1) IN GENERAL.—Except as provided under 
paragraph (2), the Consumer Financial Protection 
Act of 2010 (12 U.S.C. 5481 et seq.) is amended— 
(A) by striking ‘‘Director of the Bureau’’ 
each place such term appears, other than where 
such term is used to refer to a Director other 
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