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Amends the Consumer Financial Protection Act of 2010 by striking each place a specified term appears and inserting "Bureau"; in section 1002, strikes paragraph (10); includes additional targeted substitutions (e.g., replacing certain "Assistant Director" references with "Head of the Office of...").
Amends provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act by changing references from "Director" to "Chair" in section 111(b)(1)(D) and by striking each place a specified term appears in section 1447 and inserting "Chair of the Bureau".
Amends section 921(a)(4)(C) of the Electronic Fund Transfer Act by striking "Director of the Bureau of Consumer Financial Protection" and inserting "Chair of the Bureau of Consumer Financial Protection".
Amends the Expedited Funds Availability Act by striking each place a specified term appears and inserting "Bureau."
Amends section 2 of the Federal Deposit Insurance Act by striking each place such term appears and inserting "Chair of the Bureau of Consumer Financial Protection."
Amends section 1004(a)(4) of the Federal Financial Institutions Examination Council Act of 1978 by striking "Director of the Consumer Financial Protection Bureau" and inserting "Chair of the Bureau of Consumer Financial Protection."
Amends section 513 of the Financial Literacy and Education Improvement Act by striking each place such term appears and inserting "Chair."
Amends the Interstate Land Sales Full Disclosure Act by striking and redesignating paragraphs in section 1402; replacing multiple gendered references (e.g., "him", "he") and references to individual officials with references to "the Bureau"; replacing references to "Director or anyone designated by him" with "Bureau"; modifying language in sections 1403(c), 1407, 1411(a), 1415, 1416(a), and 1418a(b)(4) as specified; and striking each place the specified term appears and inserting "Bureau."
Amends section 5 of the Real Estate Settlement Procedures Act of 1974 by replacing specified text and by striking each place such term appears and inserting "Bureau."
Amends the S.A.F.E. Mortgage Licensing Act of 2008 by striking each place such term appears in headings and text and inserting "Bureau of Consumer Financial Protection"; in section 1503, strikes paragraph (10).
And 2 more affected sections...
Replaces the single‑Director structure of the consumer financial protection agency with a five‑member independent agency commission and updates federal law so titles and references match the new governance. It establishes membership rules, fixed and staggered terms, removal standards, quorum and chair authority, an agency seal, and continued rulemaking and enforcement authority for the reconstituted agency.
Also changes all affected federal consumer‑finance statutes and official references so they refer to the new commission, makes numerous conforming editorial edits across related laws, and provides a transitional rule about treating existing references to the Director as references to the new commission (with one narrow exception).
Referred to the House Committee on Financial Services.
Introduced May 15, 2025 by Bill Huizenga · Last progress May 15, 2025