August 31, 2026
Mr. Barr (for himself, Mr. Hill of Arkansas, Mr. Lucas, Mr. Sessions, Mr. Huizenga, Mrs. Wagner, Mr. Williams of Texas, Mr. Emmer, Mr. Loudermilk, Mr. Davidson, Mr. Rose, Mr. Steil, Mr. Timmons, Mr. Stutzman, Mr. Meuser, Mrs. Kim, Mr. Donalds, Mr. Garbarino, Mr. Fitzgerald, Mr. Flood, Mr. Lawler, Ms. De La Cruz, Mr. Nunn of Iowa, Mrs. McClain, Ms. Salazar, Mr. Downing, Mr. Haridopolos, Mr. Moore of North Carolina, Mr. Norman, and Mr. Ogles) introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, Small Business, and 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 make reforms to the Bureau of Consumer Financial Protection, and for other purposes.
1. Short title; table of contents; TITLE I—REFORMING BUREAU GOVERNANCE; 101. Bringing the Bureau into the regular appropriations process; 102. Consumer Financial Civil Penalty Fund; 103. Transparency in cost-benefit analysis; 104. Accountability to small businesses; 105. Modernizing regulatory reviews; 106. Bureau of Consumer Financial Protection-Inspector General Reform; TITLE II—RESTORING LEGAL CLARITY AND PROCEDURAL FAIRNESS; 201. Rectifying undefined descriptions of abusive acts and practices; 202. Limitation on use of unfair, deceptive, or abusive acts or practices authority to circumvent statutes of limitations; 203. Definition of substantial injury; 204. Restoring court authority over litigation; 205. Clarification to the authority of the Bureau with respect to persons regulated by a State insurance regulator; TITLE III—PROMOTING INNOVATION IN CONSUMER FINANCIAL MARKETS; 301. Safe harbor for small-dollar credit products; 302. Guidance clarity statement required; 303. GAO study on buy now pay later services; 304. Earned wage access services; TITLE IV—PROMOTING EFFECTIVE, PREDICTABLE SUPERVISION; 401. Asset thresholds for supervision of banks, savings associations, and credit unions by the Bureau of Consumer Financial Protection; 402. Supervisory election for covered institutions; 403. Financial regulatory coordination and accountability; 404. Reforms to nonbank supervision; TITLE V—PREVENTING REGULATION BY ENFORCEMENT; 501. Civil Money Penalties; 502. Limitations on market monitoring functions; 503. Enforcement powers of the States; 504. Indexing of asset-based thresholds in regulations; 505. Collecting and tracking complaints; 506. Enhancements to small business loan privacy