House Financial Services Committee Holds Meeting to Consider Markup of Bills Regarding CFPB and Securities Act Requirements

The House Financial Services Committee met in open session to vote on legislation considered in a markup of twelve bills dealing with the Consumer Financial Protection Bureau ("CFPB") and other bills that would amend Securities Act requirements.

The bills voted on included:

• H.R. 4697, the "Small-Cap Access to Capital Act," was agreed to (32-27);
• H.R. 2629, the "Fostering Innovation Act of 2013," was agreed to (31-28);
• H.R. 3389, the "CFPB Slush Fund Elimination Act of 2013," was agreed to, as amended (31-27);
• H.R. 4604, the "CFPB Data Collection Security Act," was agreed to, as amended (32-27);
• H.R. 4262, the "Bureau Advisory Commission Transparency Act," was agreed to by a voice vote;
• H.R. 4539, the "Bureau Research Transparency Act," was agreed to, as amended (32-27);
• H.R. 3770, the "CFPB-IG Act of 2013" was agreed to (39-20);
• H.R. 4383, the "Bureau of Consumer Financial Protection Small Business Advisory Board Act," was agreed to, as amended, by a voice vote; and
• H.R. 4811, the "Bureau Guidance Transparency Act" was agreed to, as amended (35-24).

See: House Committee Memorandum; House Committee Webcast of the Meeting.

Related news: House Financial Services Committee to Hold Markup on Bills Regulating FSOC and CFPB, Easing Securities Act Requirements (May 27, 2014).