Responsible Consumer Financial Protection Regulations Act of 2011
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Congressional Research Service
Official summary
Version 00 · Introduced in Senate · Apr 6, 2011
Responsible Consumer Financial Protection Regulations Act of 2011 - Amends the Consumer Financial Protection Act of 2010, title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, to replace the position of Director of the Bureau of Consumer Financial Protection with a five-member Commission whose members are appointed by the President, by and with the advice and consent of the Senate.
Prohibits the Chair of the Commission from making requests for estimates related to appropriations without the prior approval of the Commission.
Revises procedures for funding the Bureau. Eliminates the Consumer Financial Protection Fund and the requirement that the Board of Governors of the Federal Reserve System transfer funds to the Bureau from the combined earnings of the Federal Reserve System. Authorizes appropriations for FY2011-FY2012.
Source last updated: Aug 14, 2025. Consult Congress.gov for the current record.
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