HR 1315 Amends the Dodd-Frank Wall Street Reform Act

H.R.1315, the Consumer Financial Protection Safety and Soundness Improvement Act of 2011, was passed in the House by a vote of 241-173. It amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to authorize the Chairperson of the Financial Stability Oversight Council to issue a stay of, or set aside, any regulation issued by the Bureau of Consumer Financial Protection. Jones (NC-3) was the lone Republican to vote against the measure, while ten Democrats, Barrow (GA-12), Boren (OK-2), Chandler (KY-6), Cuellar (TX-28), Matheson (UT-2), McIntyre (NC-7), Owens (NY-23), Rahall (WV-3), Ross (AR-4), and Schrader (OR-5) voted for the bill. The act is now stalled in the Senate.

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