Bill · S. 4684· Senate(119-S-4684)

Protecting American Consumers Act

Age: 77 years

Massachusetts

Introduced: 6/4/2026
Last activity: 6/4/2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsored by: Elizabeth Warren
Cosponsors: - 16 - 0

Finance and Financial Sector

Introduced
In Committee

What this bill would do

This bill is known as the Protecting American Consumers Act. It changes how the Bureau of Consumer Financial Protection gets its money. Specifically, the bill amends the Consumer Financial Protection Act of 2010. It sets a mandatory funding floor for the Bureau. Under this new rule, the amount transferred to the Bureau each fiscal year cannot be less than 12 percent of the total operating expenses of the Federal Reserve System from its 2009 Annual Report.

Yes· 3 of 9

Does this give people more protection from unfair business practices?+6
The bill establishes a mandatory funding floor for the Bureau of Consumer Financial Protection, ensuring sustained resources for consumer protection oversight.
Would households on low incomes be better off under this?+4
Low-income households benefit significantly from financial protection services guarding against predatory lending.
Would people in their twenties and thirties be better off under this?+3
Young adults benefit from strengthened consumer financial protection oversight regarding credit and loans.