LEGISLATION/H.R. 2490

CFPB Whistleblower Incentives and Protection Act

118-HR-2490118th CongressIntroduced Apr 6, 2023Finance and Financial Sector
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Referred to the House Committee on Financial Services.

Sponsor

Rep. Emmer, Tom [R-MN-6](R-MN-6)
5 cosponsors

Summary

CFPB Whistleblower Incentives and Protection 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.

Actions (3)

Referred to the House Committee on Financial Services.
Apr 6, 2023House floor actions
Introduced in House
Apr 6, 2023Library of Congress
Introduced in House
Apr 6, 2023Library of Congress