On the recordMay 21, 2019
The Rules Committee met on Monday night and reported a rule, House Resolution 389, which covers a lot of territory. It provides for consideration of H.R. 1500, the Consumers First Act under a structured rule which makes in order 17 amendments. The rule also provides for consideration of H.R. 1994, the Setting Every Community Up for Retirement Enhancement Act, or the SECURE Act, under a closed rule which self-executes Chairman Neal's manager's amendment. Additionally, the rule provides same-day authority and suspension authority through Thursday, May 23, and it provides filing authority for the Committee on Appropriations through 5 o'clock p.m., Sunday, June 2. Finally, the rule provides recess instructions through next Friday, May 31. Madam Speaker, H.R. 1500, the Consumers First Act, reverses the anti- consumer actions taken by this administration to ensure the Consumer Financial Protection Bureau once again serves the needs of American consumers. More than a decade ago, the United States experienced one of the worst financial crises in our history, caused, in part, by a failure to have strong protections for consumers of financial products and services. Through the Dodd-Frank Wall Street Reform and Consumer Protection Act, Congress created the Consumer Financial Protection Bureau to be a strong and independent agency with the mandate to protect consumers from unfair, deceptive, or abusive acts or practices in the financial marketplace.…





