Fannie Mae-No Politics (FNMA)

[Dollars1]

H.R. 1265, the Bureau Advisory Commission Transparency Act

Sponsor: Rep. Sean Duffy (R-WI)

Brings greater transparency and accountability to the CFPB by subjecting it to the Federal Advisory Committee Act. Only three agencies are exempted by statute from open meeting provisions in the Federal Advisory Committee Act – the CIA, the Office of the Director of National Intelligence and the Federal Reserve. The CFPB is not involved in intelligence collection, covert operations, or the formation of monetary policy, so there is no reason that it cannot hold its committee and subcommittee meetings in public. This bill passed the committee by voice vote during the 113th Congress.