1022(b)(2)(A) of the Consumer Financial Protection Act of 
2010 (12 U.S.C. 5512(b)(2)(A)). 
SEC. 7. CONSUMER ADVISORY BOARD REFORMS. 
(a) IN GENERAL.—Section 1014 of the Consumer Fi-
nancial Protection Act of 2010 (12 U.S.C. 5494) is amend-
ed— 
(1) by amending subsection (b) to read as fol-
lows: 
‘‘(b) MEMBERSHIP.— 
‘‘(1) QUALIFICATIONS.—In appointing the mem-
bers of the Consumer Advisory Board, the Director 
shall— 
‘‘(A) seek to assemble a diverse and inclu-
sive group of experts in consumer protection, fi-
nancial services, community development, fair 
lending and civil rights, and consumer financial 
products or services and representatives of depos-
itory institutions that primarily serve under-
served communities, and representatives of com-
munities that have been significantly impacted 
by higher-priced mortgage loans, and seek rep-
resentation of the interests of covered persons and 
consumers, without regard to party affiliation; 
and 
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pamtmann on DSKBFK8HB2PROD with BILLS
‘‘(B) ensure that at least 2⁄3 of the members 
represent the interests of consumers, including 
experts in consumer protection, fair lending, 
civil rights, and representatives of communities 
that have been significantly impacted by higher- 
priced mortgage loans and other products that 
resulted in consumer harm. 
‘‘(2) NUMBER OF MEMBERS.—The Director shall 
appoint not fewer than 25 members to the Consumer 
Advisory Board, and not fewer than 6 members shall 
be appointed upon the recommendation of the re-
gional Federal Reserve Bank Presidents, on a rotat-
ing basis. 
‘‘(3) MEMBERSHIP
RIGHTS
AFTER
CHARTER 
CHANGE.—Any change to the charter for the Con-
sumer Advisory Board affecting the membership shall 
not preclude prior or current members from applying 
for consideration to serve on a reconstituted Con-
sumer Advisory Board.’’; and 
(2) in subsection (c)— 
(A) by striking ‘‘meet from’’ and inserting 
‘‘meet in person from’’; and 
(B) by adding at the end the following: 
‘‘The Bureau shall provide adequate notice to the 
members of the Consumer Advisory Board of the 
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time and date of each meeting, and of any meet-
ing cancellations.’’ 
(b) INCLUSION OF THE DIRECTOR IN MEETINGS AND 
ACCESS TO BUREAU STAFF.—Section 1014 of the Consumer 
Financial Protection Act of 2010 (12 U.S.C. 5494) is 
amended by adding at the end the following: 
‘‘(e) INCLUSION OF THE DIRECTOR IN MEETINGS AND 
ACCESS TO BUREAU STAFF.—With respect to each in per-
son meeting of the Consumer Advisory Board— 
‘‘(1) the Director shall attend such meeting in 
person; and 
‘‘(2) the Director shall ensure that the members 
of the Consumer Advisory Board have an opportunity 
to meet and engage in person with all appropriate 
staff and office of the Bureau.’’. 
(c) TREATMENT OF MEMBERS OF THE CONSUMER AD-
VISORY BOARD.—Notwithstanding any other law— 
(1) any member of the Consumer Advisory 
Board of the Consumer Financial Protection Bureau 
on November 1, 2017, may continue to serve as a 
member of such advisory board until March 27, 2020, 
and may not be removed from such position without 
cause by the Director of the Bureau until such date; 
and 
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(2) any member of the Consumer Advisory 
Board of the Consumer Financial Protection Bureau 
on the date of enactment of this Act, may continue to 
serve as a member of such advisory board until March 
27, 2020, and may not be removed from such position 
without cause by the Director of the Bureau until 
such date. 
(d) ADDITIONAL REQUIREMENTS FOR ADVISORY COM-
MITTEES.—Section 1013 of the Consumer Financial Protec-
tion Act of 2010 (12 U.S.C. 5493), as amended by section 
6(b)(1), is further amended by adding at the end the fol-
lowing: 
‘‘(k) ADVISORY COMMITTEE REQUIREMENTS.— 
‘‘(1) QUALIFICATIONS.—In appointing members 
of any advisory committee, other than the Consumer 
Advisory Board, the Director shall ensure that at 
least 1⁄3 of the members represent the interests of con-
sumers, including experts in consumer protection, fair 
lending, civil rights, and representatives of commu-
nities that have been significantly impacted by high-
er-priced mortgage loans and other products that re-
sulted in consumer harm. 
‘‘(2) SELECTION
OF
MEMBERS
REPRESENTING 
MINORITY-OWNED AND WOMEN-OWNED BUSINESSES.— 
In appointing members of any advisory committee, 
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the Director shall seek to promote diversity and inclu-
sion in making appointments, including by appoint-
ing individuals who represent minority-owned and 
women-owned businesses.’’. 
SEC. 8. EFFECTIVE DATE. 
This Act and the amendments made by this Act shall 
take effect on the date of the enactment of this Act, except 
that the Director of the Consumer Financial Protection Bu-
reau shall have 30 days to complete any operational 
changes to the Bureau required by this Act or an amend-
ment made by this Act. 
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Union Calendar No. 35 
116TH CONGRESS 
1ST SESSION 
H. R. 1500 
[Report No. 116–57, Part I] 
A BILL 
To require the Consumer Financial Protection Bu-
reau to meet its statutory purpose, and for other 
purposes. 
MAY 10, 2019 
Reported from the Committee on Financial Services with 
an amendment 
MAY 10, 2019 
Committee on Education and Labor discharged; com-
mitted to the Committee of the Whole House on the 
State of the Union and ordered to be printed 
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