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  • Not enacted
    The President has not signed this bill
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      house Committees
      House Committee on Financial Services
      Financial Institutions and Consumer Credit
    IntroducedOctober 30th, 2013

Bill Details

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CFPB Slush Fund Elimination Act of 2013

Official Title

To repeal the Consumer Financial Civil Penalty Fund and to deposit existing amounts in such Fund into the Treasury, and for other purposes.


CFPB Slush Fund Elimination Act of 2013 - Amends the Consumer Financial Protection Act of 2010 to repeal the Consumer Financial Civil Penalty Fund, into which are deposited any civil penalties paid in judicial or administrative actions under federal consumer financial laws. Requires the Board of Governors of the Federal Reserve System to deposit all such civil penalties, and all amounts currently in the Civil Penalty Fund, into the Treasury's general fund.

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