June 2, 2025
Mr. Kennedy introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
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
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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.