Accountability through Confirmation Act

Bill: 118-hr-4036
Sponsor: full_name: Rep. McHenry, Patrick T. [R-NC-10]
Introduced: 2023-06-12
Policy area: Finance and Financial Sector
Latest action: action_date: 2023-06-12
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2023-06-12
action_desc: Introduced in House
text: <p><b>Accountability through Confirmation Act </b></p> <p>This bill requires the Director of the Financial Crimes Enforcement Network to be appointed by the President and confirmed by the Senate, rather than appointed by the Secretary of the Treasury as under current law. The bill also provides for the director's compensation rate under the Executive Schedule. </p>

tv_txt: I 118th CONGRESS 1st Session H. R. 4036 IN THE HOUSE OF REPRESENTATIVES June 12, 2023 Mr. McHenry (for himself, Mr. Meuser , Mr. Luetkemeyer , Mr. Barr , Ms. De La Cruz , Mr. Lawler , Mrs. Wagner , Mr. Flood , Mr. Williams of Texas , Mr. Donalds , Mrs. Kim of California , Mr. Posey , Mr. Davidson , Mrs. Houchin , and Mr. Hill ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend title 31, United States Code, to require the Director of the Financial Crimes Enforcement Network to be appointed by the President and confirmed by the Senate, and for other purposes.

1. Short title This Act may be cited as the Accountability through Confirmation Act . 2. Director of the Financial Crimes Enforcement Network (a) Appointment of Director Section 310(b)(1) of title 31, United States Code, is amended by striking who shall be appointed by the Secretary of the Treasury and inserting who shall be appointed by the President, by and with the advice and consent of the Senate . (b) Pay of Director Section 310(b)(1) of title 31, United States Code, is amended by adding at the end the following: The Director shall be compensated at the rate provided under level IV of the Executive Schedule under section 5315 of title 5 . (c) Transition provision The Director of the Financial Crimes Enforcement Network on the day before the date of enactment of this Act shall continue to serve in such position until the date on which the first Director is confirmed by the Senate pursuant to section 310(b)(1) of title 31, United States Code, as amended by subsection (a).