IB 
Union Calendar No. 241 
118TH CONGRESS 
1ST SESSION H. R. 2798 
[Report No. 118–297, Part I] 
To make reforms to the Bureau of Consumer Financial Protection, and 
for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 24, 2023 
Mr. BARR introduced the following bill; which was referred to the Committee 
on Financial Services, and in addition to the Committees on Oversight 
and Accountability, the Judiciary, and Small Business, for a period to be 
subsequently determined by the Speaker, in each case for consideration 
of such provisions as fall within the jurisdiction of the committee con-
cerned 
DECEMBER 4, 2023 
Additional sponsors: Mrs. HOUCHIN and Mr. HUNT 
DECEMBER 4, 2023 
Reported from the Committee on Financial Services with an amendment 
[Strike out all after the enacting clause and insert the part printed in italic] 
DECEMBER 4, 2023 
Committees on Oversight and Accountability, the Judiciary, and Small Busi-
ness discharged; committed to the Committee of the Whole House on the 
State of the Union and ordered to be printed 
[For text of introduced bill, see copy of bill as introduced on April 24, 2023] 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6652
E:\BILLS\H2798.RH
H2798
A BILL 
To make reforms to the Bureau of Consumer Financial 
Protection, and for other purposes. 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6652
E:\BILLS\H2798.RH
H2798
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘CFPB Transparency and Accountability Reform Act’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
Sec. 1. Short title; table of contents. 
TITLE I—COMMISSION OF THE BUREAU OF CONSUMER FINANCIAL 
PROTECTION ACT 
Sec. 101. Short title. 
Sec. 102. Making the Bureau an independent agency led by a commission. 
Sec. 103. Deeming of name. 
Sec. 104. Conforming amendments. 
TITLE II—TABS ACT OF 2023 
Sec. 201. Short title. 
Sec. 202. Bringing the Bureau into the regular appropriations process. 
TITLE III—CFPB–IG REFORM ACT OF 2023 
Sec. 301. Short title. 
Sec. 302. Appointment of Inspector General. 
Sec. 303. Requirements for the Inspector General for the Bureau of Consumer Fi-
nancial Protection. 
Sec. 304. Effective date. 
TITLE IV—CFPB DUAL MANDATE AND ECONOMIC ANALYSIS ACT 
Sec. 401. Short title. 
Sec. 402. Purpose. 
Sec. 403. Office of Economic Analysis. 
TITLE V—TRANSPARENCY IN CFPB COST-BENEFIT ANALYSIS ACT 
Sec. 501. Short title. 
Sec. 502. Transparency in cost-benefit analysis. 
TITLE VI—MAKING THE CFPB ACCOUNTABLE TO SMALL 
BUSINESSES ACT OF 2023 
Sec. 601. Short title. 
Sec. 602. Rulemaking under Dodd-Frank Wall Street Reform and Consumer Pro-
tection Act. 
Sec. 603. Initial regulatory flexibility analysis. 
Sec. 604. Final regulatory flexibility analysis. 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6213
E:\BILLS\H2798.RH
H2798
TITLE VII—CFPB WHISTLEBLOWER INCENTIVES AND PROTECTION 
ACT 
Sec. 701. Short title. 
Sec. 702. Bureau whistleblower incentives and protection. 
Sec. 703. Amendment to the Consumer Financial Civil Penalty Fund. 
TITLE I—COMMISSION OF THE 
BUREAU OF CONSUMER FI-
NANCIAL PROTECTION ACT 
SEC. 101. SHORT TITLE. 
This Act may be cited as the ‘‘Commission of the Bu-
reau of Consumer Financial Protection Act’’ 
SEC. 102. 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 Fed-
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
eral reserve banks, or branches of such banks, are 
located,’’; and 
(E) by inserting after subsection (a) the fol-
lowing new subsections: 
‘‘(b) AUTHORITY TO PRESCRIBE REGULATIONS.—The 
commission of the Bureau may prescribe such regulations 
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 jurisdiction and 
shall exercise any authorities granted under this title and 
all other laws within the Bureau’s jurisdiction. 
‘‘(c) COMPOSITION OF THE COMMISSION.— 
‘‘(1) IN GENERAL.—The management of the Bu-
reau 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 at least 2 of whom shall have private sec-
tor experience in the provision of consumer financial 
products and services. 
‘‘(2) STAGGERING.—The members of the commis-
sion 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.— 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00005
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
‘‘(A) IN GENERAL.—Except with respect to 
the initial staggered terms described under para-
graph (2), each member of the commission, in-
cluding the Chair, shall serve for a term of 5 
years. 
‘‘(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 com-
mission appointed to fill a vacancy occurring be-
fore the expiration of the term to which that 
member’s predecessor was appointed (including 
the Chair) shall be appointed only for the re-
mainder 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 ex-
pire. 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00006
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
‘‘(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.— 
‘‘(1) INITIAL
CHAIR.—The first member and 
Chair of the commission shall be the individual serv-
ing as Director of the Bureau of Consumer Financial 
Protection on the day before the date of the enactment 
of this subsection. Such individual shall serve until 
the President has appointed all 5 members of the com-
mission in accordance with subsection (c). 
‘‘(2) SUBSEQUENT
CHAIR.—Of the 5 members 
appointed in accordance with subsection (c), the 
President shall appoint 1 member to serve as the sub-
sequent Chair of the commission. 
‘‘(3) AUTHORITY.—The Chair shall be the prin-
cipal executive officer of the commission, and shall ex-
ercise 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 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00007
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
in the immediate offices of members of the com-
mission other than the Chair); 
‘‘(B) the distribution of business among per-
sonnel appointed and supervised by the Chair 
and among administrative units of the commis-
sion; and 
‘‘(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 policies 
of the commission and by such regulatory decisions, 
findings, and determinations as the commission may 
by law be authorized to make. 
‘‘(5) REQUESTS OR ESTIMATES RELATED TO AP-
PROPRIATIONS.—Requests or estimates for regular, 
supplemental, or deficiency appropriations on behalf 
of the commission may not be submitted by the Chair 
without the prior approval of the commission. 
‘‘(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 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00008
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
for the transaction of business until the President has ap-
pointed all 5 members of the commission in accordance with 
subsection (c). Following such appointment of 5 members, 
the quorum requirements of subsection (g) shall apply. 
‘‘(g) NO IMPAIRMENT BY REASON OF VACANCIES.—No 
vacancy in the members of the commission after the estab-
lishment of an initial quorum under subsection (f) shall im-
pair 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 com-
mission, 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 compensa-
tion at the rate prescribed for level I of the Executive 
Schedule under section 5313 of title 5, United States 
Code. 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00009
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
‘‘(2) OTHER MEMBERS OF THE COMMISSION.— 
The 4 other members of the commission shall each re-
ceive compensation at the rate prescribed for level 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 ‘‘AUTONOMY 
OF THE BUREAU’’ and inserting ‘‘COORDINATION 
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 sec-
tor experience in the provision of consumer financial 
products and services.’’. 
SEC. 103. 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 sub-
section (e)(1) of section 1011 of the Consumer Financial 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00010
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
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 Protec-
tion, as described under section 1011 of the Consumer Fi-
nancial Protection Act of 2010. 
SEC. 104. CONFORMING AMENDMENTS. 
(a) CONSUMER
FINANCIAL
PROTECTION
ACT
OF 
2010.— 
(1) IN
GENERAL.—Except as provided under 
paragraph (2), the Consumer Financial Protection 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 
than the Director of the Bureau of Consumer Fi-
nancial Protection, and inserting ‘‘Bureau’’; 
(B) by striking ‘‘Director’’ each place such 
term appears and inserting ‘‘Bureau’’, other 
than where such term is used to refer to a Direc-
tor other than the Director of the Bureau of Con-
sumer Financial Protection; and 
(C) in section 1002, by striking paragraph 
(10). 
(2) EXCEPTIONS.— 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00011
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
(A) IN GENERAL.—The Consumer Financial 
Protection Act of 2010 (12 U.S.C. 5481 et seq.) 
is amended— 
(i) in section 1013(c)(3)— 
(I) by striking ‘‘Assistant Director 
of the Bureau for’’ and inserting 
‘‘Head of the Office of’’; and 
(II) in subparagraph (B), by 
striking ‘‘Assistant Director’’ and in-
serting ‘‘Head of the Office’’; 
(ii) in section 1013(g)(2)— 
(I) by striking ‘‘ASSISTANT
DI-
RECTOR’’ and inserting ‘‘HEAD
OF 
THE OFFICE’’; and 
(II) by striking ‘‘an assistant di-
rector’’ and inserting ‘‘a Head of the 
Office of Financial Protection for 
Older Americans’’; 
(iii) in section 1016(a), by striking 
‘‘Director of the Bureau’’ and inserting 
‘‘Chair of the Bureau’’; and 
(iv) by striking section 1066. 
(B) CLERICAL AMENDMENT.—The table of 
contents for the Dodd-Frank Wall Street Reform 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00012
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
and Consumer Protection Act is amended by 
striking the item relating to section 1066. 
(b) DODD-FRANK WALL STREET REFORM AND CON-
SUMER PROTECTION ACT.—The Dodd-Frank Wall Street 
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 Ex-
pedited Funds Availability Act (12 U.S.C. 4001 et seq.), 
as amended by section 1086 of the Consumer Financial Pro-
tection Act of 2010, is amended by striking ‘‘Director of 
the Bureau’’ each place such term appears and inserting 
‘‘Bureau’’. 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00013
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
(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 strik-
ing ‘‘Director of the Consumer Financial Protection Bu-
reau’’ each place such term appears and inserting ‘‘Chair 
of the Bureau of Consumer Financial Protection’’. 
(f) FEDERAL FINANCIAL INSTITUTIONS EXAMINATION 
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 IMPROVE-
MENT 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 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00014
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
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 
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), re-
spectively; 
(2) in section 1403(c)— 
(A) by striking ‘‘him’’ and inserting ‘‘the 
Bureau’’; and 
(B) by striking ‘‘he’’ and inserting ‘‘the Bu-
reau’’; 
(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)— 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00015
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
(A) by striking ‘‘his findings’’ and inserting 
‘‘the findings of the Bureau’’; and 
(B) by striking ‘‘his recommendation’’ and 
inserting ‘‘the recommendation of the Bureau’’; 
(5) in section 1415— 
(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’’; 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00016
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
(B) by striking ‘‘his administrative’’ and 
inserting ‘‘administrative’’; and 
(C) by striking ‘‘himself’’ and inserting ‘‘the 
commission of the Bureau’’; 
(7) in section 1418a(b)(4), by striking ‘‘Sec-
retary’s determination’’ and inserting ‘‘determination 
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 Procedures 
Act of 1974 (12 U.S.C. 2604), as amended by section 1450 
of the Dodd-Frank Wall Street Reform and Consumer Pro-
tection Act, is amended— 
(1) by striking ‘‘The Director of the Bureau of 
Consumer Financial Protection (hereafter in this sec-
tion referred to as the ‘Director’)’’ and inserting ‘‘The 
Bureau of Consumer Financial Protection (hereafter 
in this section referred to as the ‘Bureau’)’’; 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 Consumer 
Financial Protection Act of 2010, is amended— 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00017
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
(1) by striking ‘‘Director’’ each place such term 
appears in headings and text and inserting ‘‘Bureau 
of Consumer Financial Protection’’; and 
(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’’. 
TITLE II—TABS ACT OF 2023 
SEC. 201. SHORT TITLE. 
This title may be cited as the ‘‘Taking Account of Bu-
reaucrats’ Spending Act of 2023’’ or the ‘‘TABS Act of 
2023’’. 
SEC. 202. BRINGING THE BUREAU INTO THE REGULAR AP-
PROPRIATIONS PROCESS. 
(a) IN GENERAL.—Section 1017 of the Consumer Fi-
nancial Protection Act of 2010 (12 U.S.C. 5497) is amend-
ed— 
(1) in subsection (a)— 
(A) by amending the heading of such sub-
section to read as follows: ‘‘BUDGET, FINANCIAL 
MANAGEMENT, AND AUDIT.—’’; 
(B) by striking paragraphs (1), (2), and 
(3); 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00018
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
(C) by redesignating paragraphs (4) and 
(5) as paragraphs (1) and (2), respectively; and 
(D) by striking subparagraphs (E) and (F) 
of paragraph (1), as so redesignated; 
(2) by striking subsections (b) and (c); 
(3) by redesignating subsections (d) and (e) as 
subsections (b) and (c), respectively; and 
(4) in subsection (c), as so redesignated— 
(A) by striking paragraphs (1), (2), and (3) 
and inserting the following: 
‘‘(1) AUTHORIZATION
OF
APPROPRIATIONS.— 
There is authorized to be appropriated to the Bureau 
$650,000,000 for fiscal year 2024 to carry out the au-
thorities of the Bureau.’’; and 
(B) by redesignating paragraph (4) as 
paragraph (2). 
(b) TRANSFER OF AMOUNTS FROM CIVIL PENALTY 
FUND.—On the date that funds are appropriated pursuant 
to section 1017(c)(1) of the Consumer Financial Protection 
Act of 2010 (as amended by subsection (a)) for fiscal year 
2024, there is transferred an equal amount of funds from 
the Consumer Financial Civil Penalty Fund to the general 
fund of the Treasury. 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00019
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
TITLE III—CFPB–IG REFORM ACT 
OF 2023 
SEC. 301. SHORT TITLE. 
This title may be cited as the ‘‘Bureau of Consumer 
Financial Protection-Inspector General Reform Act of 
2023’’ or the ‘‘CFPB–IG Reform Act of 2023’’. 
SEC. 302. APPOINTMENT OF INSPECTOR GENERAL. 
Chapter 4 of title 5, United States Code, is amended— 
(1) in section 401— 
(A) in paragraph (1), by inserting ‘‘the Bu-
reau of Consumer Financial Protection,’’ after 
‘‘the Export-Import Bank of the United States,’’; 
and 
(B) in paragraph (3), by inserting ‘‘the 
Chair of the Bureau of Consumer Financial Pro-
tection;’’ after ‘‘the President of the Export-Im-
port Bank of the United States;’’; and 
(2) in section 415— 
(A) in subsection (a)(1)(A), by striking 
‘‘and the Bureau of Consumer Financial Protec-
tion’’; 
(B) in subsection (c), by striking ‘‘For pur-
poses of implementing this section, the Chairman 
of the Board of Governors of the Federal Reserve 
System shall appoint the Inspector General of 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00020
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
the Board of Governors of the Federal Reserve 
System and the Bureau of Consumer Financial 
Protection. The Inspector General of the Board of 
Governors of the Federal Reserve System and the 
Bureau of Consumer Financial Protection shall 
have all of the authorities and responsibilities 
provided by this Act with respect to the Bureau 
of Consumer Financial Protection, as if the Bu-
reau were part of the Board of Governors of the 
Federal Reserve System.’’; and 
(C) in subsection (g)(3), by striking ‘‘and 
the Bureau of Consumer Financial Protection’’. 
SEC. 303. REQUIREMENTS FOR THE INSPECTOR GENERAL 
FOR THE BUREAU OF CONSUMER FINANCIAL 
PROTECTION. 
(a) ESTABLISHMENT.—Section 1011 of the Dodd- 
Frank Wall Street Reform and Consumer Protection Act 
(12 U.S.C. 5491), as amended by section 102(1), is further 
amended by adding at the end the following: 
‘‘(k) INSPECTOR GENERAL.—There is established the 
position of the Inspector General.’’. 
(b) HEARINGS.—Section 1016 of such Act is amended 
by inserting after subsection (c) the following: 
‘‘(d) ADDITIONAL
REQUIREMENT
FOR
INSPECTOR 
GENERAL.—On a separate occasion from that described in 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00021
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
subsection (a), the Inspector General of the Bureau shall 
appear before the Committee on Banking, Housing, and 
Urban Affairs of the Senate and the Committee on Finan-
cial Services of the House of Representatives at semiannual 
hearings regarding the reports required under subsection (b) 
and the reports required under section 405 of title 5, United 
States Code.’’. 
(c) PARTICIPATION IN THE COUNCIL OF INSPECTORS 
GENERAL ON FINANCIAL OVERSIGHT.—Section 989E(a)(1) 
of such Act is amended by adding at the end the following: 
‘‘(J) The Bureau of Consumer Financial 
Protection.’’. 
(d) DEADLINE FOR APPOINTMENT.—Not later than 60 
days after the date of the enactment of this Act, the Presi-
dent shall appoint an Inspector General for the Bureau of 
Consumer Financial Protection in accordance with section 
403 of title 5, United States Code. 
SEC. 304. EFFECTIVE DATE. 
(a) IN GENERAL.—The amendments made by this title 
shall take effect on the date on which the first Inspector 
General of the Bureau of Consumer Financial Protection 
is confirmed by the Senate. 
(b) APPOINTMENT.—The President may appoint, and 
the Senate may confirm, an Inspector General of the Bu-
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00022
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
reau of Consumer Financial Protection before the amend-
ments made by this title take effect. 
(c) TRANSITION.—The Inspector General of the Board 
of Governors of the Federal Reserve System and the Bureau 
of Consumer Financial Protection shall, upon the date on 
which the first Inspector General of the Bureau of Consumer 
Financial Protection is confirmed by the Senate, become the 
Inspector General of the Board of Governors of the Federal 
Reserve System. 
TITLE IV—CFPB DUAL MANDATE 
AND ECONOMIC ANALYSIS ACT 
SEC. 401. SHORT TITLE. 
This title may be cited as the ‘‘CFPB Dual Mandate 
and Economic Analysis Act’’. 
SEC. 402. PURPOSE. 
Section 1021(a) of the Consumer Financial Protection 
Act of 2010 (12 U.S.C. 5511(a)) is amended— 
(1) by striking ‘‘fair, transparent, and competi-
tive’’ and inserting: ‘‘fair and transparent’’; and 
(2) by adding at the end the following: ‘‘In addi-
tion, the Bureau shall seek to implement and, where 
applicable, enforce Federal consumer financial law 
consistently for the purpose of strengthening private 
sector participation in markets, without Government 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00023
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
interference or subsidies, to increase competition and 
enhance consumer choice.’’. 
SEC. 403. OFFICE OF ECONOMIC ANALYSIS. 
(a) IN GENERAL.—Section 1013 of the Consumer Fi-
nancial Protection Act of 2010 (12 U.S.C. 5493) is amended 
by adding at the end the following: 
‘‘(i) OFFICE OF ECONOMIC ANALYSIS.— 
‘‘(1) ESTABLISHMENT.—The Bureau shall estab-
lish an Office of Economic Analysis. 
‘‘(2) REVIEW
AND
ASSESSMENT
OF
PROPOSED 
GUIDANCE, ORDERS, RULES, AND REGULATIONS.—The 
Office of Economic Analysis shall— 
‘‘(A) review all proposed guidance, orders, 
rules, and regulations of the Bureau, including 
carrying out the determinations and assessments 
with respect to notices of proposed rulemaking 
described under section 1022(b)(7); 
‘‘(B) assess the impact of such guidance, or-
ders, rules, and regulations on consumer choice, 
price, and access to credit products; and 
‘‘(C) publish a report on such reviews and 
assessments in the Federal Register. 
‘‘(3) MEASURING EXISTING GUIDANCE, ORDERS, 
RULES, AND REGULATIONS.—The Office of Economic 
Analysis shall— 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00024
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
‘‘(A) review each guidance, order, rule, and 
regulation issued by the Bureau after 1, 2, 5, 
and 10 years; 
‘‘(B) measure each such guidance, order, 
rule, or regulation’s success in solving the prob-
lem that the guidance, order, rule, or regulation 
was intended to solve when issued; and 
‘‘(C) publish a report on such review and 
measurement in the Federal Register.’’. 
(b) CONSIDERATION OF REVIEW AND ASSESSMENT; 
RULEMAKING REQUIREMENTS.—Section 1022(b) of the 
Consumer Financial Protection Act of 2010 (12 U.S.C. 
5512(b)) is amended by adding at the end the following: 
‘‘(5) CONSIDERATION OF REVIEW AND ASSESS-
MENT BY THE OFFICE OF ECONOMIC ANALYSIS.— 
‘‘(A) IN
GENERAL.—Before issuing any 
guidance, order, rule, or regulation, the commis-
sioners of the Bureau shall consider the review 
and assessment of such guidance, order, rule, or 
regulation carried out by the Office of Economic 
Analysis. 
‘‘(B) NOTICE OF DISAGREEMENT.—If any 
commissioner of the Bureau disagrees with any 
part of a review and assessment described under 
subparagraph (A) with respect to any guidance, 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00025
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
order, rule, or regulation, the commissioner shall 
accompany any such guidance, order, rule, or 
regulation with a statement explaining why the 
commissioner so disagrees. 
‘‘(6) 
IDENTIFICATION
OF
PROBLEMS
AND 
METRICS FOR JUDGING SUCCESS.— 
‘‘(A) IN GENERAL.—The Bureau shall, in 
each proposed rulemaking of the Bureau— 
‘‘(i) identify the problem that the par-
ticular rule or regulations is seeking to 
solve; and 
‘‘(ii) specify the metrics by which the 
Bureau will measure the success of the rule 
or regulation in solving such problem. 
‘‘(B) REQUIRED
METRICS.—The metrics 
specified under subparagraph (A)(ii) shall in-
clude a measurement of changes to consumer ac-
cess to, and cost of, consumer financial products 
and services.’’. 
TITLE 
V—TRANSPARENCY 
IN 
CFPB 
COST-BENEFIT 
ANAL-
YSIS ACT 
SEC. 501. SHORT TITLE. 
This title may be cited as the ‘‘Transparency in CFPB 
Cost-Benefit Analysis Act’’. 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00026
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
SEC. 502. TRANSPARENCY IN COST-BENEFIT ANALYSIS. 
Section 1022(b) of the Consumer Financial Protection 
Act of 2010 (12 U.S.C. 5512(b)), as amended by section 
403, is further amended by adding at the end the following: 
‘‘(7) 
ADDITIONAL
RULEMAKING
REQUIRE-
MENTS.— 
‘‘(A) IN GENERAL.—Each notice of proposed 
rulemaking issued by the Bureau shall be pub-
lished in its entirety in the Federal Register and 
shall include— 
‘‘(i) a statement of the need for the 
proposed regulation; 
‘‘(ii) an examination of why the Bu-
reau must undertake the proposed regula-
tion and why the private market, State, 
local, or tribal authorities cannot ade-
quately address the problem; 
‘‘(iii) an examination by the Office of 
Economic Analysis of whether the proposed 
regulation is duplicative, inconsistent, or 
incompatible with other Federal regulations 
and orders; 
‘‘(iv) if the proposed regulation is 
found by the Office of Economic Analysis to 
be duplicative, inconsistent, or incompatible 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00027
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
with other Federal regulations and orders, a 
discussion of— 
‘‘(I) why the proposed regulation 
is justified; 
‘‘(II) how the proposed regulation 
can coexist with the existing regula-
tions; and 
‘‘(III) how the Bureau plans to 
reduce the regulatory burden associated 
with the duplicative, inconsistent, or 
incompatible proposed regulation; 
‘‘(v) a quantitative and qualitative as-
sessment by the Office of Economic Analysis 
of all anticipated direct and indirect costs 
and benefits of the proposed regulation, in-
cluding— 
‘‘(I) compliance costs for all regu-
lated entities, including small busi-
nesses; 
‘‘(II) effects on economic activity, 
efficiency, competition, and capital for-
mation; 
‘‘(III) regulatory and administra-
tive costs of implementation; and 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00028
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
‘‘(IV) costs imposed on State, 
local, and tribal entities; 
‘‘(vi) an identification of reasonable al-
ternatives to the regulation, including modi-
fication of an existing regulation; 
‘‘(vii) an analysis by the Office of Eco-
nomic Analysis of the costs and benefits, 
both quantitative and qualitative, of any al-
ternative identified pursuant to clause (vi); 
‘‘(viii) if the Office of Economic Anal-
ysis determines the proposed regulation 
would increase costs for small businesses, 
then the Bureau shall consult the Office of 
Advocacy within the Small Business Ad-
ministration to determine ways to mini-
mize the effect of direct and indirect costs 
imposed on small businesses by the proposed 
regulation; 
‘‘(ix) if the Office of Economic Anal-
ysis determines that quantified net benefits 
of the proposed action do not outweigh the 
quantified net benefits of the alternatives, a 
justification of the regulation; 
‘‘(x) if quantified benefits identified 
pursuant to clause (v) by the Office of Eco-
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00029
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
nomic Analysis do not outweigh the quan-
tified costs of the regulation, a justification 
of the regulation; 
‘‘(xi) an assessment by the Office of 
Economic Analysis of how the burden im-
posed by the regulation will be distributed, 
including whether consumers or small busi-
nesses will be disproportionately burdened; 
and 
‘‘(xii) when feasible, and using appro-
priate statistical techniques, a probability 
distribution prepared by the Office of Eco-
nomic Analysis of the relevant outcomes of 
the proposed regulation. 
‘‘(B) ASSUMPTIONS AND STUDIES USED.— 
With respect to the information required to be 
included under subparagraph (A) in a notice of 
proposed rulemaking, the Bureau shall include 
in such notice— 
‘‘(i) a discussion of underlying as-
sumptions used as a basis for such informa-
tion; and 
‘‘(ii) a description of any studies or 
data used in preparing such information, 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00030
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
and whether such studies were peer-re-
viewed.’’. 
TITLE VI—MAKING THE CFPB AC-
COUNTABLE TO SMALL BUSI-
NESSES ACT OF 2023 
SEC. 601. SHORT TITLE. 
This title may be cited as the ‘‘Making the CFPB Ac-
countable to Small Businesses Act of 2023’’. 
SEC. 602. RULEMAKING UNDER DODD-FRANK WALL STREET 
REFORM AND CONSUMER PROTECTION ACT. 
Section 1022(b)(2)(A) of the Dodd-Frank Wall Street 
Reform and Consumer Protection Act (12 U.S.C. 
5512(b)(2)(A)) is amended— 
(1) in clause (i), by striking ‘‘and’’ at the end; 
(2) in clause (ii), by striking the semicolon at 
the end and inserting ‘‘; and’’; and 
(3) by adding at the end the following: 
‘‘(iii) the impact of proposed rules on 
small entities, in accordance with section 
609 of title 5, United States Code;’’. 
SEC. 603. INITIAL REGULATORY FLEXIBILITY ANALYSIS. 
Section 603(d)(1) of title 5, United States Code, is 
amended— 
(1) in subparagraph (B), by striking ‘‘and’’ at 
the end; 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00031
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
(2) in subparagraph (C), by striking the period 
and inserting ‘‘; and’’; and 
(3) by adding at the end the following: 
‘‘(D) with respect to the Bureau of Consumer Fi-
nancial Protection, if the Bureau does not adopt any 
alternatives described in paragraphs (1) through (4) 
of subsection (c), a detailed justification of the Bu-
reau’s determination that the relative size and re-
sources of small entities should have no bearing on the 
rule, supported by factual, policy and legal reasons.’’. 
SEC. 604. FINAL REGULATORY FLEXIBILITY ANALYSIS. 
Section 604(a) of title 5, United States Code, is 
amended by amending the second paragraph (6) to read 
as follows: 
‘‘(7) with respect to the Bureau of Consumer Fi-
nancial Protection, a description of the steps the Bu-
reau has taken to minimize any additional cost of 
credit for small entities and, where no significant al-
ternatives for small entities was adopted, a detailed 
justification of the Bureau’s determination that the 
relative size and resources of small entities should 
have no bearing on the rule, supported by factual, 
policy and legal reasons.’’. 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00032
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
TITLE 
VII—CFPB 
WHISTLE-
BLOWER 
INCENTIVES 
AND 
PROTECTION ACT 
SEC. 701. SHORT TITLE. 
This title may be cited as the ‘‘CFPB Whistleblower 
Incentives and Protection Act’’. 
SEC. 702. BUREAU WHISTLEBLOWER INCENTIVES AND PRO-
TECTION. 
(a) IN GENERAL.—The Consumer Financial Protec-
tion Act of 2010 (12 U.S.C. 5481 et seq.) is amended by 
inserting after section 1017 the following: 
‘‘SEC. 1017A. WHISTLEBLOWER INCENTIVES AND PROTEC-
TION. 
‘‘(a) DEFINITIONS.—In this section: 
‘‘(1) ADMINISTRATIVE
PROCEEDING
OR
COURT 
ACTION.—The term ‘administrative proceeding or 
court action’ means any judicial or administrative 
action brought by the Bureau that results in mone-
tary sanctions exceeding $1,000,000. 
‘‘(2) FUND.—The term ‘Fund’ means the ‘Con-
sumer Financial Civil Penalty Fund’ established 
under section 1017(b)(1). 
‘‘(3) MONETARY SANCTIONS.—The term ‘mone-
tary sanctions’, when used with respect to any ad-
ministrative proceeding or court action means any 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00033
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
monies, including penalties, disgorgement, restitution, 
or interest, ordered to be paid or other amounts of re-
lief obtained under section 1055(a)(2). 
‘‘(4) ORIGINAL INFORMATION.—The term ‘origi-
nal information’ means information that— 
‘‘(A) is derived from the independent knowl-
edge or analysis of a whistleblower; 
‘‘(B) is not known to the Bureau from any 
other source, unless the whistleblower is the origi-
nal source of the information; 
‘‘(C) is not exclusively derived from an alle-
gation made in a judicial or administrative 
hearing, in a governmental report, hearing, or 
from the news media, unless the whistleblower is 
a source of the information; and 
‘‘(D) is not exclusively derived from an alle-
gation made in an audit, examination, or inves-
tigation. 
‘‘(5) SUCCESSFUL
ENFORCEMENT.—The term 
‘successful enforcement’, when used with respect to 
any administrative proceeding or court action, in-
cludes any settlement of such action. 
‘‘(6) 
WHISTLEBLOWER.—The 
term 
‘whistle-
blower’ means any individual, or 2 or more individ-
uals acting jointly, who provides original information 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00034
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
relating to a violation of Federal consumer financial 
law, consistent with any rule issued by the Bureau 
under this section. 
‘‘(b) AWARDS.— 
‘‘(1) IN GENERAL.—In any administrative pro-
ceeding or court action the Bureau, subject to rules 
prescribed by the Bureau and subject to subsection 
(c), shall pay an award or awards to 1 or more whis-
tleblowers who voluntarily provided original informa-
tion that led to the successful enforcement of the ad-
ministrative proceeding or court action in an aggre-
gate amount equal to— 
‘‘(A) not less than the greater of— 
‘‘(i) 10 percent, in total, of monetary 
sanctions imposed and collected in the ad-
ministrative proceeding or court action; or 
‘‘(ii) $50,000; and 
‘‘(B) not more than 30 percent, in total, of 
such monetary sanctions. 
‘‘(2) PAYMENT OF AWARDS.—Any amount paid 
under paragraph (1) shall be paid from the Fund. 
‘‘(3) AWARD
MAXIMUM.—Notwithstanding any 
other provision in this section, the maximum award 
to any single whistleblower is limited to $5,000,000. 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00035
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
‘‘(c) DETERMINATION OF AMOUNT OF AWARD; DENIAL 
OF AWARD.— 
‘‘(1) DETERMINATION OF AMOUNT OF AWARD.— 
‘‘(A) DISCRETION.—The determination of 
the percentage amount of an award made under 
subsection (b) shall be in the discretion of the 
Bureau. 
‘‘(B) CRITERIA.—In determining the per-
centage amount of an award made under sub-
section (b), the Bureau shall take into consider-
ation— 
‘‘(i) the significance of the information 
provided by the whistleblower to the success-
ful enforcement of the administrative pro-
ceeding or court action; 
‘‘(ii) the degree of assistance provided 
by the whistleblower and any legal rep-
resentative of the whistleblower in an ad-
ministrative proceeding or court action; 
‘‘(iii) the programmatic interest of the 
Bureau in deterring violations of Federal 
consumer financial law (including applica-
ble rules) by making awards to whistle-
blowers who provide information that leads 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00036
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
the whistleblower submits the information upon 
which the claim is based. 
‘‘(B) DISCLOSURE OF IDENTITY.—Prior to 
the payment of an award, a whistleblower shall 
disclose the identity of the whistleblower and 
provide such other information as the Bureau 
may require, directly or through counsel of the 
whistleblower. 
‘‘(e) NO CONTRACT NECESSARY.—No contract or other 
agreement with the Bureau is necessary for any whistle-
blower to receive an award under subsection (b), unless oth-
erwise required by the Bureau by rule. 
‘‘(f) APPEALS.—Any determination made under this 
section, including whether, to whom, or in what amount 
to make awards, shall be in the discretion of the Bureau. 
Any such determination, except the determination of the 
amount of an award if the award was made in accordance 
with subsection (b), may be appealed to the appropriate 
court of appeals of the United States not more than 30 days 
after the determination is issued by the Bureau. The court 
shall review the determination made by the Bureau in ac-
cordance with section 706 of title 5, United States Code. 
‘‘(g) REPORTS TO CONGRESS.—Not later than October 
30 of each year, the Bureau shall transmit to the Committee 
on Financial Services of the House of Representatives and 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00039
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
the Committee on Banking, Housing, and Urban Affairs 
of the Senate a report on the Bureau’s whistleblower award 
program under this section, including a description of the 
number of awards granted and the types of cases in which 
awards were granted during the preceding fiscal year. 
‘‘(h) PROTECTION OF WHISTLEBLOWERS.— 
‘‘(1) CONFIDENTIALITY.— 
‘‘(A) IN GENERAL.—Except as provided in 
subparagraphs (B) and (C), the Bureau and any 
officer or employee of the Bureau, may not dis-
close any information, including information 
provided by a whistleblower to the Bureau, 
which could reasonably be expected to reveal the 
identity of a whistleblower, except in accordance 
with the provisions of section 552a of title 5, 
United States Code, unless and until required to 
be disclosed to a defendant or respondent in con-
nection with a public proceeding instituted by 
the Bureau or any entity described in subpara-
graph (C). For purposes of section 552 of title 5, 
United States Code, this paragraph shall be con-
sidered 
a 
statute 
described 
in 
subsection 
(b)(3)(B) of such section 552. 
‘‘(B) EFFECT.—Nothing in this paragraph 
is intended to limit the ability of the Attorney 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00040
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
General to present such evidence to a grand jury 
or to share such evidence with potential witnesses 
or defendants in the course of an ongoing crimi-
nal investigation. 
‘‘(C) AVAILABILITY TO GOVERNMENT AGEN-
CIES.— 
‘‘(i) IN GENERAL.—Without the loss of 
its status as confidential in the hands of the 
Bureau, all information referred to in sub-
paragraph (A) may, in the discretion of the 
Bureau, when determined by the Bureau to 
be necessary or appropriate, be made avail-
able to-— 
‘‘(I) the Department of Justice; 
‘‘(II) an appropriate department 
or agency of the Federal Government, 
acting within the scope of its jurisdic-
tion; 
‘‘(III) a State attorney general in 
connection with any criminal inves-
tigation; 
‘‘(IV) an appropriate department 
or agency of any State, acting within 
the scope of its jurisdiction; and 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00041
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
‘‘(V) a foreign regulatory author-
ity. 
‘‘(ii) 
MAINTENANCE
OF
INFORMA-
TION.—Each of the entities, agencies, or 
persons described in clause (i) shall main-
tain information described in that clause as 
confidential, in accordance with the require-
ments in subparagraph (A). 
‘‘(2) RIGHTS RETAINED.—Nothing in this section 
shall be deemed to diminish the rights, privileges, or 
remedies of any whistleblower under section 1057, 
any other Federal or State law, or under any collec-
tive bargaining agreement. 
‘‘(i) RULEMAKING AUTHORITY.—The Bureau shall 
have the authority to issue such rules as may be necessary 
or appropriate to implement the provisions of this section. 
‘‘(j) ORIGINAL INFORMATION.—Information submitted 
to the Bureau by a whistleblower in accordance with rules 
implementing this section shall not lose its status as origi-
nal information solely because the whistleblower submitted 
such information prior to the effective date of such rules, 
provided such information was submitted after the date of 
enactment of this section.’’. 
(b) CLERICAL AMENDMENT.—The table of contents 
under section 1(b) of the Dodd-Frank Wall Street Reform 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00042
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798
and Consumer Protection Act is amended by inserting after 
the item relating to section 1017 the following: 
‘‘Sec. 1017A. Whistleblower incentives and protection.’’. 
SEC. 703. AMENDMENT TO THE CONSUMER FINANCIAL 
CIVIL PENALTY FUND. 
Subsection (b)(2) of section 1017 of the Consumer Fi-
nancial Protection Act of 2010 (12 U.S.C. 5497), as redesig-
nated by section 202(3), is further amended by striking 
‘‘under the Federal consumer financial laws.’’ and inserting 
‘‘under the Federal consumer financial laws and for awards 
authorized under section 1017A.’’. 
VerDate Sep 11 2014 
23:47 Dec 04, 2023
Jkt 049200
PO 00000
Frm 00043
Fmt 6652
Sfmt 6203
E:\BILLS\H2798.RH
H2798