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H.R.5490 / 114th Congress

To amend the Consumer Financial Protection Act of 2010 to require that no deference be given to the interpretation of consumer financial law by the Bureau of Consumer Financial Protection, to define the scope of judicial review of Bureau actions, and for other purposes.

Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.

Official summary

Version 00 · Introduced in House · Jun 15, 2016

This bill amends the Consumer Financial Protection Act of 2010 to repeal the declaration that the deference that a court affords to the Consumer Financial Protection Bureau (CFPB) regarding its determination of the meaning or interpretation of any provision of a federal consumer financial law shall be applied as if the CFPB were the only agency authorized to apply, enforce, interpret, or administer the provisions of that law.

In any judicial review of a CFPB agency action, the reviewing court shall determine the meaning or applicability of the terms of a CFPB agency action and decide de novo all relevant questions of law, including the interpretation of constitutional and statutory provisions, as well as CFPB rules. No law may exempt any civil action for judicial review from the application of this bill except by specific reference to it.

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Who introduced it

Rep. Love, Mia B. [R-UT-4] · R–UT

Committees

  • Judiciary Committee
  • Financial Services Committee
0 cosponsorship records, including any withdrawals

    Actions

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    1. Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.

    2. Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, 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.

    3. Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, 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.

    4. Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, 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.

    5. Introduced in House

    6. Introduced in House

    Bill text & related measures

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    Related bills identified by Congress.gov

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    Source last updated: Jan 3, 2025. Consult Congress.gov for the current record.

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