H.R. 3193: Consumer Financial Freedom and Washington Accountability Act

113th Congress · introduced 2013-09-26 · Finance and Financial Sector · Latest: Received in the Senate.

federal

Follow this bill, step by step

Where it came from: introduced 2013-09-26 · official record
Who proposed it: Rep. Duffy, Sean P. [R-WI-7] · what a sponsor is
What happened next: 5 recorded votes in our records. Latest: House roll call 81 (2014): On Agreeing to the Amendment, HR3193 (2014-02-27), Agreed to. See all
Where it stands now: Received in the Senate. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Consumer Financial Freedom and Washington Accountability Act

Plain summary

Consumer Financial Protection Safety and Soundness Improvement Act of 2013 - Amends the Consumer Financial Protection Act of 2010 to authorize the Chairperson of the Financial Stability Oversight Council to issue a stay of, or set aside, any regulation issued by the Consumer Financial Protection Bureau (CFPB) upon the affirmative vote of the majority of Council members (currently, two-thirds), excluding the Director of the Bureau. Requires the Council, upon the petition of a member agency of the Council, to set aside a final regulation prescribed by the CFPB if the Council decides that such regulation is inconsistent with the safe and sound operations of U.S. financial institutions. (Currently the Council is merely authorized, upon petition, to set aside a final regulation if it would put the safety and soundness of the U.S. banking system or the stability of the U.S. financial system at risk.) Repeals: (1) the prohibition against Council set-aside of a regulation after expiration of a specified time period, and (2) mandatory dismissal of a petition if the Council has not issued a decision within such time period. Requires the CFPB Director, when prescribing a rule under federal consumer financial laws, to consider its impact upon the financial safety or soundness of an insured depository institution.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

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A “Nay” vote

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What does this mean? (plain words)

Official text

Consumer Financial Freedom and Washington Accountability Act

Source: Congressional Research Service summary (Introduced in House)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Duffy, Sean P. [R-WI-7] · 0 cosponsors

Cost estimate: No cost estimate published yet.

Recorded votes

House roll call 81 (2014): On Agreeing to the Amendment, HR3193 (2014-02-27): Agreed to
House roll call 82 (2014): On Agreeing to the Amendment, HR3193 (2014-02-27): Agreed to
House roll call 83 (2014): On Agreeing to the Amendment, HR3193 (2014-02-27): Failed
House roll call 84 (2014): On Motion to Recommit with Instructions, HR3193 (2014-02-27): Failed
House roll call 85 (2014): On Passage, HR3193 (2014-02-27): Passed

Words on this page, explained (2)

Authorization: A law that creates or continues a government program and says what it may do, often with a suggested spending ceiling. An authorization alone does not provide money; a separate appropriation does.
Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-113hr3193.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/113/hr>

Record fed-us-cong113-hr3193 · catalog fed-us-congress-bills-cong113 · updated 2026-11-15 by psicol fed-bills-cong113