Not adopted
This amendment was never taken up, and the bill finished without it. It was never voted on.
Its path through Congress
- Introduced
- Pending Consideration
- Failed
What this amendment would do
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The amendment changes section 7(f) of the bill, which deals with the preservation of State law.
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It aims to make sure that nothing in the Act limits a State's authority to enact, adopt, promulgate, and enforce any statute, regulation, or interpretation, unless it directly clashes with the Act.
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It clarifies that a State law is not inconsistent with the Act if it gives customers greater protection than what the Act provides.
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It allows the Director of the Bureau of Consumer Financial Protection to decide if a State law clashes with the Act, either on their own or because an interested person filed a nonfrivolous petition.
- 6/9/2025
- Senate amendment submitted
This bill has no cosponsors