CFPB Pay Fairness Act of 2013

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

CFPB Pay Fairness Act of 2013 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act, with respect to compensation of employees of the Consumer Financial Protection Bureau (CFPB), to require the CFPB Director to set and adjust the rates of basic pay for CFPB employees in accordance with the General Schedule for federal employees. (Currently, the Director is merely authorized to do so.)

Repeals the requirement that the Director at all times provide compensation (including benefits) to each class of employees at least comparable to the compensation and benefits then being provided by the Board of Governors of the Federal Reserve System for the corresponding class of Federal Reserve employees. Repeals also the requirement that all such employees be compensated (including benefits) on terms and conditions consistent with specified terms and conditions of the Federal Reserve Act.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2385 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 2385

To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act 
    to set the rate of pay for employees of the Bureau of Consumer 
     Financial Protection in accordance with the General Schedule.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 14, 2013

  Mr. Duffy introduced the following bill; which was referred to the 
 Committee on Financial Services, and in addition to the Committee on 
   Oversight and Government Reform, for a period to be subsequently 
   determined by the Speaker, in each case for consideration of such 
 provisions as fall within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act 
    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 2013''.

SEC. 2. RATE OF PAY FOR EMPLOYEES OF THE BUREAU OF CONSUMER FINANCIAL 
              PROTECTION.

    (a) In General.--Section 1013(a)(2) of the Dodd-Frank Wall Street 
Reform and Consumer Protection Act (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 
apply to service by an employee of the Bureau of Consumer Financial 
Protection following the 90-day period beginning on the date of 
enactment of this Act.
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