Will reform the CFPB to prioritize consumer empowerment, including subjecting it to the congressional appropriations process, creating a multi-member commission, requiring rigorous cost-benefit analysis, and adding an independent inspector general.

My legislation will reform the rogue CFPB.

Barr commits to reforming the CFPB through the CFPB Transparency and Accountability Reform Act.

Financial Services | Congressman Andy Barr
secondary · official_post · model gpt-5.4-mini

Congress.gov says H.R.3193 passed the House 232-182 on February 27, 2014, but its latest action was receipt in the Senate on March 4, 2014. The CRS summary says it would replace the CFPB with a commission, repeal CFPB funding requirements, and subject the new commission to appropriations.

A House-passed bill in Barr's first congressional term contained major promised CFPB structural reforms, but it did not become law.

never same_term A for effort

H.R.3193 - Consumer Financial Freedom and Washington Accountability Act, 113th Congress
secondary · model gpt-5.5 · confidence 88%

The CRS summary states that H.R.3193 would establish an independent Financial Product Safety Commission in place of the CFPB, replace the Director with a commission, subject the commission to congressional appropriations, and require analyses of proposed rules' financial impact and credit-access effects.

The 2014 House bill addressed the commission, appropriations, and regulatory-analysis portions of the promise, but remained only House-passed legislation.

never same_term A for effort

H.R.3193 - Consumer Financial Freedom and Washington Accountability Act, 113th Congress
secondary · model gpt-5.5 · confidence 87%

Congress.gov shows H.R.10 passed the House 233-186 on June 8, 2017, then had Senate Banking Committee hearings as the latest action. CRS says Title VII would convert CFPB into the Consumer Law Enforcement Agency, subject it to appropriations, change the inspector general appointment, and create an Office of Economic Analysis.

A later House-passed Dodd-Frank overhaul advanced several CFPB reforms, including appropriations, inspector-general changes, and economic analysis, but it was not enacted.

never later_term A for effort

Congress.gov: H.R.10 - Financial CHOICE Act of 2017
secondary · model gpt-5.5 · confidence 90%

The Supreme Court described CFPB funding as a standing source outside the ordinary annual appropriations process and held that Congress' authorization for the Bureau to draw Federal Reserve earnings satisfies the Appropriations Clause.

As of the 2024 Supreme Court ruling, the CFPB had not been brought under annual congressional appropriations; the existing funding mechanism remained legally valid.

never later_term

Consumer Financial Protection Bureau v. Community Financial Services Association of America, Ltd., 601 U.S. 416
secondary · model gpt-5.5 · confidence 96%

The Court explained that Dodd-Frank put a single Director with a five-year term at the CFPB's helm; Seila Law severed the for-cause removal protection but did not convert the Bureau to a multi-member commission.

The CFPB remained a single-director agency, not the multi-member commission promised.

never later_term

Consumer Financial Protection Bureau v. Community Financial Services Association of America, Ltd., 601 U.S. 416
secondary · model gpt-5.5 · confidence 92%

CRS says H.R.10 would have the President, rather than the Federal Reserve Board Chair, appoint the agency inspector general. Congress.gov status shows only Passed House, with no enactment.

The independent-inspector-general component was proposed in House-passed legislation but was not enacted.

never later_term A for effort

Congress.gov: H.R.10 - Financial CHOICE Act of 2017
secondary · model gpt-5.5 · confidence 86%

The Federal Reserve announced that Chair Jerome H. Powell appointed Michael E. Horowitz as Inspector General for the Federal Reserve Board and CFPB, effective June 30, 2025.

The CFPB still shared the Federal Reserve Board's inspector general appointed by the Fed chair, rather than having the independent IG structure contemplated by the promise.

never later_term

Michael E. Horowitz appointed Inspector General for the Federal Reserve Board and Consumer Financial Protection Bureau
secondary · model gpt-5.5 · confidence 82%

Politico reported after the Supreme Court funding decision that Republicans still sought to rein in the CFPB and that a bill from Rep. Andy Barr would place the bureau under annual congressional appropriations.

Barr continued to advance appropriations-based CFPB reform in a later term, but the reporting came after the Supreme Court left the existing funding model intact.

never later_term A for effort

Politico: 'Here to stay': Consumer bureau chief poised for big moves after surviving court challenge
secondary · model gpt-5.5 · confidence 78%