CFPB Pay Fairness Act of 2015

Bill: 114-hr-1264
Sponsor: full_name: Rep. Duffy, Sean P. [R-WI-7]
Introduced: 2015-03-04
Policy area: Government Operations and Politics
Subjects: Consumer Financial Protection Bureau

Government employee pay, benefits, personnel management
Latest action: action_date: 2015-03-04
text: Referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Government Reform, 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 concerned.

Summaries:
action_date: 2015-03-04
action_desc: Introduced in House
text: <p><b>CFPB Pay Fairness Act of 2015</b></p> <p> Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act, with respect to compensation of employees of the Consumer Financial Protection Bureau (CFPB), to require the CFPB Director to set and adjust the rates of basic pay for CFPB employees in accordance with the General Schedule for federal employees. (Currently, the Director is merely authorized to do so.)</p> <p>Repeals the requirement that the Director at all times provide compensation (including benefits) to each class of employees at least comparable to the compensation and benefits then being provided by the Board of Governors of the Federal Reserve System for the corresponding class of Federal Reserve employees. Repeals also the requirement that all such employees be compensated (including benefits) on terms and conditions consistent with specified terms and conditions of the Federal Reserve Act.</p>

tv_txt: I 114th CONGRESS 1st Session H. R. 1264 IN THE HOUSE OF REPRESENTATIVES March 4, 2015 Mr. Duffy (for himself, Mr. Neugebauer , and Mr. Barr ) introduced the following bill; which was referred to the Committee on Financial Services , and in addition to the Committee on Oversight and Government Reform , 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 concerned A BILL To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to set the rate of pay for employees of the Bureau of Consumer Financial Protection in accordance with the General Schedule.

1. Short title This Act may be cited as the CFPB Pay Fairness Act of 2015 . 2. Rate of pay for employees of the Bureau of Consumer Financial Protection (a) In general Section 1013(a)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5493(a)(2) ) is amended to read as follows: (2) Compensation The rates of basic pay for all employees of the Bureau shall be set and adjusted by the Director in accordance with the General Schedule set forth in section 5332 of title 5, United States Code. . (b) Effective date The amendment made by subsection (a) shall apply to service by an employee of the Bureau of Consumer Financial Protection following the 90-day period beginning on the date of enactment of this Act.