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15287 1 (2009)

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US. GOVERNMENT
INFORMATION
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                     111TH CONGRESS                                      REPT. 111-367
                        1st Session    HOUSE   OF REPRESENTATIVES            Part 1







                        CONSUMER FINANCIAL PROTECTION AGENCY ACT OF
                                                    2009





                                     DECEMBER 9, 2009.-Ordered to be printed




                        Mr. WAXMAN,   from the Committee   on Energy  and Commerce,
                                          submitted  the  following



                                              REPORT


                                                together with

                                           DISSENTING VIEWS

                                           [To accompany H.R. 3126]

                              [Including cost estimate of the Congressional Budget Office]

                      The  Committee   on Energy  and Commerce,   to whom   was referred
                    the bill (H.R. 3126) to establish the Consumer  Financial Protection
                    Agency,  and for other purposes, having considered  the same, report
                    favorably thereon  with an amendment and recommend that the bill
                    as amended   do pass.

                                                 CONTENTS

                                                                                     Page
                    A m endm ent ..............................................................................................................  2
                    Purpose and Sum m ary ............................................................................................  90
                    Background and Need for  Legislation  ....................................................................  91
                    Legislative H istory  ..................................................................................................  91
                    Com m ittee Consideration  ........................................................................................  92
                    C om m ittee  V otes  ......................................................................................................  92
                    Committee Oversight Findings and Recommendations ........................................  94
                    New Budget Authority and Congressional Budget Office Estimate .................... 94
                    Statement of General Performance Goals and Objectives ....................................  94
                    Constitutional Authority  Statem ent  ......................................................................  94
                    Earmarks and Tax and Tariff Benefits  ..................................................................  94
                    Advisory Com m ittee  Statem ent  ..............................................................................  94
                    Applicability  of Law  to Legislative  Branch  ...........................................................  94
                    Federal M andates  Statem ent  .................................................................................  95
                    Com m ittee Cost  Estim ate  .......................................................................................  95
                    Section-by-Section  Analysis of the  Legislation  ......................................................  95
                    Explanation of Am endm ents  ...................................................................................  98
                        89-006

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