H.R. 4499

CFPB Pay Fairness Act of 2017

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I

115th CONGRESS

1st Session

H. R. 4499

IN THE HOUSE OF REPRESENTATIVES

November 30, 2017

Mr. Duffy introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committee on 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 amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to set the rate of pay for employees of the Bureau of Consumer Financial Protection in accordance with the General Schedule.

1.

Short title

This Act may be cited as the CFPB Pay Fairness Act of 2017.

2.

Rate of pay for employees of the Bureau of Consumer Financial Protection

(a)

In general

Section 1013(a)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5493(a)(2)) is amended to read as follows:

(2)

Compensation

The rates of basic pay for all employees of the Bureau shall be set and adjusted by the Director in accordance with the General Schedule set forth in section 5332 of title 5, United States Code.

.

(b)

Effective date

The amendment made by subsection (a) shall apply to service by an employee of the Bureau of Consumer Financial Protection following the 90-day period beginning on the date of enactment of this Act.