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119-s-4684119th CongressWALLET

Protecting American Consumers Act

Sponsored By: Senator Warren, Elizabeth [D-MA]

Introduced

Summary

Would lock the Bureau of Consumer Financial Protection into a fixed funding floor tied to the Federal Reserve's 2009 operating expenses. It would amend the Consumer Financial Protection Act of 2010 to require annual transfers of not less than 12 percent of the Federal Reserve System's total operating expenses as reported in the Board of Governors' 2009 Annual Report.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

More funding for consumer protection agency

If enacted, the bill would require the Consumer Financial Protection Bureau to receive at least 12% of the Federal Reserve System's total operating expenses. The Bureau's funding floor would be measured using the Board of Governors' 2009 Annual Report. This would create a binding annual minimum, effective upon enactment, and would likely increase CFPB enforcement and consumer protections nationwide.

Sponsors & CoSponsors

Sponsor

Warren, Elizabeth [D-MA]

MA • D

Cosponsors

  • Sen. Reed, Jack [D-RI]

    RI • D

    Sponsored 6/4/2026

  • Sen. Warner, Mark R. [D-VA]

    VA • D

    Sponsored 6/4/2026

  • Sen. Van Hollen, Chris [D-MD]

    MD • D

    Sponsored 6/4/2026

  • Sen. Cortez Masto, Catherine [D-NV]

    NV • D

    Sponsored 6/4/2026

  • Sen. Smith, Tina [D-MN]

    MN • D

    Sponsored 6/4/2026

  • Sen. Warnock, Raphael G. [D-GA]

    GA • D

    Sponsored 6/4/2026

  • Sen. Kim, Andy [D-NJ]

    NJ • D

    Sponsored 6/4/2026

  • Sen. Gallego, Ruben [D-AZ]

    AZ • D

    Sponsored 6/4/2026

  • Sen. Blunt Rochester, Lisa [D-DE]

    DE • D

    Sponsored 6/4/2026

  • Sen. Alsobrooks, Angela D. [D-MD]

    MD • D

    Sponsored 6/4/2026

  • Sen. Schumer, Charles E. [D-NY]

    NY • D

    Sponsored 9/22/2026

  • Sen. Durbin, Richard J. [D-IL]

    IL • D

    Sponsored 9/22/2026

  • Sen. Klobuchar, Amy [D-MN]

    MN • D

    Sponsored 9/22/2026

  • Sen. Gillibrand, Kirsten E. [D-NY]

    NY • D

    Sponsored 9/22/2026

  • Sen. Welch, Peter [D-VT]

    VT • D

    Sponsored 9/22/2026

  • Sen. Fetterman, John [D-PA]

    PA • D

    Sponsored 9/22/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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