Section 1 Short title
This Act may be cited as the “Reigning In of Governmental Hostility To Sovereignty at the CFPB Act of 2017” or the “RIGHTS at the CFPB Act of 2017”.
Reigning In of Governmental Hostility To Sovereignty at the CFPB Act of 2017
A BILL
To amend the Consumer Financial Protection Act of 2010 to authorize private parties to compel the Bureau to seek sanctions by filing civil actions, and for other purposes.
Sec. 2 Private parties authorized to compel the Bureau to seek sanctions by filing civil actions; Adjudications deemed actions
Section 1053 of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5563) is amended by adding at the end the following:
“(f) Private parties authorized To compel the Bureau To seek sanctions by filing civil actions
“(1) Termination of administrative proceeding—In the case of any person who is a party to a proceeding brought by the Bureau under this section, to which chapter 5 of title 5, United States Code, applies, and against whom an order imposing a cease and desist order or a penalty may be issued at the conclusion of the proceeding, that person may, not later than 20 days after receiving notice of such proceeding, and at that person’s discretion, require the Bureau to terminate the proceeding.
“(2) Civil action authorized—If a person requires the Bureau to terminate a proceeding pursuant to paragraph (1), the Bureau may bring a civil action against that person for the same remedy that might be imposed.
“(g) Adjudications deemed actions—Any administrative adjudication commenced under this section shall be deemed an “action” for purposes of section 1054(g).”