S. 2171 – CFPB Pay Fairness Act of 2017

AI-Generated Summary

Updated April 15, 2026 at 7:16 PM UTC

The CFPB Pay Fairness Act of 2017 changes the way the Consumer Financial Protection Bureau (CFPB) determines salaries for its staff. It requires the bureau’s director to set basic pay for all CFPB employees using the same General Schedule (GS) pay scale that applies to most federal workers. The rule would take effect 90 days after the law is enacted and applies to all current and future CFPB employees.

Key Provisions

Amends the CFPB’s governing law to state that employee pay must follow the General Schedule pay scale.
Specifies that the bureau’s director is responsible for setting and adjusting these pay rates.
Sets the effective date as 90 days after the law’s enactment, covering all service after that date.

Legislative Activity

Stay on top of the latest movement without scrolling through every action

1 earlier action

SenateIntro Referral Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs Committee

November 29, 2017

View full timeline

SenateIntro Referral

Introduced in Senate

November 29, 2017

SenateIntro Referral

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs Committee

November 29, 2017

Bill Text

Latest available legislative text

Reading Mode

Raw Text PDF XML

Introduced in SenateIssued November 29, 2017

II

115th CONGRESS

1st Session

S. 2171

IN THE SENATE OF THE UNITED STATES

November 29, 2017

Mr. Enzi introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To amend the Consumer Financial Protection Act of 2010 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 Consumer Financial Protection Act of 2010 (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.