S. 4684 · Senate bill · 119th Congress

Protecting American Consumers Act

Sponsored by Sen. Elizabeth Warren, Massachusetts with 16 co-sponsors

Introduced Jun 4, 2026

Referred to the Banking, Housing, and Urban Affairs Committee

Latest action Jun 4, 2026

SponsorSen. Elizabeth Warren, Massachusetts· 16 cosponsorsSen. Jack Reed, Rhode IslandSen. Mark Warner, Virginia

Show 14 more cosponsors

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About 100 words

Contents

Sec. 1. Short title

This Act may be cited as the “Protecting American Consumers Act”.

Sec. 2. Funding floor for Bureau of Consumer Financial Protection

Section 1017(a)(2) of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5497(a)(2)) is amended—

(1) by amending subparagraph (A) to read as follows:

“(A) In general.— Notwithstanding paragraph (1), and in accordance with this paragraph, the amount that shall be transferred to the Bureau in each fiscal year shall be not less than 12 percent of the total operating expenses of the Federal Reserve System, as reported in the Annual Report, 2009, of the Board of Governors.”; and

(2) in subparagraph (B), by striking “(A)(iii)” and inserting “(A)”.

Official text, Introduced in Senate (Jun 4, 2026), from the Government Publishing Office via Congress.gov. Printed version (PDF) · All versions on Congress.gov