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Financial Compensation for CFPB Whistleblowers Act

USA118th CongressS-1124| Senate 
| Updated: 3/30/2023
Catherine Cortez Masto

Catherine Cortez Masto

Democratic Senator

Nevada

Cosponsors (8)
Richard J. Durbin (Democratic)Elizabeth Warren (Democratic)John Fetterman (Democratic)Tina Smith (Democratic)Sherrod Brown (Democratic)Bernard Sanders (Independent)Jeff Merkley (Democratic)Richard Blumenthal (Democratic)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Financial Compensation for CFPB Whistleblowers Act This bill requires the Consumer Financial Protection Bureau to provide awards to whistleblowers who report information resulting in monetary sanctions. Whistleblowers claiming an award are permitted to have legal representation. Anonymous whistleblowers claiming an award are required to have legal representation and must disclose their identity to the bureau. The bureau may not disclose an anonymous whistleblower's identity except in limited circumstances, including to other government agencies in the course of an investigation. The protections in this bill may not be waived by any employment agreement, including by a predispute arbitration agreement.
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Timeline

Bill from Previous Congress

S 116-3975
Financial Compensation for CFPB Whistleblowers Act

Bill from Previous Congress

S 117-2775
Financial Compensation for CFPB Whistleblowers Act
Mar 30, 2023
Introduced in Senate
Mar 30, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 3, 2023

Latest Companion Bill Action

HR 118-2465
Introduced in House
  • Bill from Previous Congress

    S 116-3975
    Financial Compensation for CFPB Whistleblowers Act


  • Bill from Previous Congress

    S 117-2775
    Financial Compensation for CFPB Whistleblowers Act


  • March 30, 2023
    Introduced in Senate


  • March 30, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • April 3, 2023

    Latest Companion Bill Action

    HR 118-2465
    Introduced in House

Finance and Financial Sector

Related Bills

  • HR 118-2490: CFPB Whistleblower Incentives and Protection Act
  • HR 118-2465: Financial Compensation for CFPB Whistleblowers Act
  • HR 118-2798: CFPB Transparency and Accountability Reform Act

Financial Compensation for CFPB Whistleblowers Act

USA118th CongressS-1124| Senate 
| Updated: 3/30/2023
Financial Compensation for CFPB Whistleblowers Act This bill requires the Consumer Financial Protection Bureau to provide awards to whistleblowers who report information resulting in monetary sanctions. Whistleblowers claiming an award are permitted to have legal representation. Anonymous whistleblowers claiming an award are required to have legal representation and must disclose their identity to the bureau. The bureau may not disclose an anonymous whistleblower's identity except in limited circumstances, including to other government agencies in the course of an investigation. The protections in this bill may not be waived by any employment agreement, including by a predispute arbitration agreement.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 116-3975
Financial Compensation for CFPB Whistleblowers Act

Bill from Previous Congress

S 117-2775
Financial Compensation for CFPB Whistleblowers Act
Mar 30, 2023
Introduced in Senate
Mar 30, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 3, 2023

Latest Companion Bill Action

HR 118-2465
Introduced in House
  • Bill from Previous Congress

    S 116-3975
    Financial Compensation for CFPB Whistleblowers Act


  • Bill from Previous Congress

    S 117-2775
    Financial Compensation for CFPB Whistleblowers Act


  • March 30, 2023
    Introduced in Senate


  • March 30, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • April 3, 2023

    Latest Companion Bill Action

    HR 118-2465
    Introduced in House
Catherine Cortez Masto

Catherine Cortez Masto

Democratic Senator

Nevada

Cosponsors (8)
Richard J. Durbin (Democratic)Elizabeth Warren (Democratic)John Fetterman (Democratic)Tina Smith (Democratic)Sherrod Brown (Democratic)Bernard Sanders (Independent)Jeff Merkley (Democratic)Richard Blumenthal (Democratic)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 118-2490: CFPB Whistleblower Incentives and Protection Act
  • HR 118-2465: Financial Compensation for CFPB Whistleblowers Act
  • HR 118-2798: CFPB Transparency and Accountability Reform Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted