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II
117TH CONGRESS
1ST SESSION
S. 1227
To amend the Consumer Financial Protection Act of 2010 to set the rate
of pay for employees of the Bureau of Consumer Financial Protection
in accordance with the General Schedule.
IN THE SENATE OF THE UNITED STATES
APRIL 20, 2021
Mr. KENNEDY (for himself, Mr. BARRASSO, and Mr. TILLIS) introduced the
following bill; which was read twice and referred to the Committee on
Banking, Housing, and Urban Affairs
A BILL
To amend the Consumer Financial Protection Act of 2010
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 Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘CFPB Pay Fairness
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Act of 2021’’.
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•S 1227 IS
SEC. 2. RATE OF PAY FOR EMPLOYEES OF THE BUREAU OF
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CONSUMER FINANCIAL PROTECTION.
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(a) IN GENERAL.—Section 1013(a)(2) of the Con-
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sumer Financial Protection Act of 2010 (12 U.S.C.
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5493(a)(2)) is amended to read as follows:
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‘‘(2) COMPENSATION.—The rates of basic pay
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for all employees of the Bureau shall be set and ad-
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justed by the Director in accordance with the Gen-
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eral Schedule set forth in section 5332 of title 5,
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United States Code.’’.
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(b) EFFECTIVE DATE.—The amendment made by
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subsection (a) shall take effect on the date that is 90 days
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after the date of enactment of this Act.
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