IB 
Union Calendar No. 257 
113TH CONGRESS 
2D SESSION 
H. R. 3519 
[Report No. 113–347] 
To amend the Consumer Financial Protection Act of 2010 to make the 
Bureau of Consumer Financial Protection an independent agency. 
IN THE HOUSE OF REPRESENTATIVES 
NOVEMBER 18, 2013 
Mr. NEUGEBAUER introduced the following bill; which was referred to the 
Committee on Financial Services 
FEBRUARY 6, 2014 
Reported with an amendment, committed to the Committee of the Whole 
House on the State of the Union, and ordered to be printed 
[Strike out all after the enacting clause and insert the part printed in italic] 
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A BILL 
To amend the Consumer Financial Protection Act of 2010 
to make the Bureau of Consumer Financial Protection 
an independent agency. 
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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 Accountability and Transparency Act 
of 2013’’. 
SEC. 2. MAKING THE BUREAU AN INDEPENDENT AGENCY. 
The Consumer Financial Protection Act of 2010 is 
amended— 
(1) in section 1011— 
(A) in subsection (a), by striking ‘‘in the 
Federal Reserve System,’’; and 
(B) in subsection (e), by striking ‘‘, includ-
ing in cities in which the Federal reserve banks, 
or branches of such banks, are located,’’; 
(2) in section 1012(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.’’. 
SEC. 3. BRINGING THE BUREAU INTO THE REGULAR AP-
PROPRIATIONS PROCESS. 
Section 1017 of the Consumer Financial Protection 
Act of 2010 is amended— 
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(1) in subsection (a)— 
(A) by amending the heading of such sub-
section to read as follows: ‘‘BUDGET, FINAN-
CIAL MANAGEMENT, AND AUDIT.—’’; 
(B) by striking paragraphs (1), (2), and 
(3); 
(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 are authorized to be appropriated such sums 
as may be necessary to carry out this title for each 
of fiscal years 2014 and 2015.’’; and 
(B) by redesignating paragraph (4) as 
paragraph (2). 
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SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Bureau of Consumer 
Financial Protection Accountability and Transparency Act 
of 2013’’. 
SEC. 2. MAKING THE BUREAU AN INDEPENDENT AGENCY. 
The Consumer Financial Protection Act of 2010 is 
amended— 
(1) in section 1011— 
(A) in subsection (a)— 
(i) by striking ‘‘in the Federal Reserve 
System,’’; and 
(ii) by striking ‘‘Bureau of Consumer 
Financial Protection’’ and inserting ‘‘Fi-
nancial Product Safety Commission’’; and 
(B) in subsection (e), by striking ‘‘, includ-
ing in cities in which the Federal reserve banks, 
or branches of such banks, are located,’’; 
(2) in section 1012(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.’’. 
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