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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.
Summary
This bill amends the Consumer Financial Protection Act of 2010 to require that all employees of the Consumer Financial Protection Bureau (CFPB) have their pay set according to the General Schedule, the standard federal pay scale used by most federal agencies. Currently, the CFPB Director has flexibility in setting employee compensation outside of the General Schedule. The bill would bring CFPB employee pay into alignment with the standard federal pay structure. The amendment takes effect 90 days after the bill's enactment.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Kennedy, John [R-LA] (R-LA)
Actions (2)
- Jun 2, 2025 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. · senate
- Jun 2, 2025 Introduced in Senate
Similar bills (6)
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Full text
IN THE SENATE OF THE UNITED STATES
June 2, 2025
Mr. Kennedy 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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “CFPB Pay Fairness Act of 2025”.
SEC. 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 take effect on the date that is 90 days after the date of enactment of this Act. <all>
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