OFFICIAL LEGAL TITLE
Financial Compensation for CFPB Whistleblowers Act
FREQUENTLY ASKED QUESTIONS
What is the official ID of this bill?
The official print number for this legislation is 117_HR_5484.
Which chamber initiated this legislation?
This legislation was initiated in the House of Representatives.
When did the legislative process begin?
The process officially started on 2021-10-05.
What are the main provisions?
Key points include:
- Individuals reporting violations of consumer financial law can receive between 10% and 30% of collected monetary sanctions if the amount exceeds $1 million.
- Even if the collected amount is less than $1 million, whistleblowers can receive at least $50,000 or 10% of the collected amount, whichever is greater.
- Whistleblower information will be protected, and their identity will remain confidential unless disclosure is required in a public proceeding.
- The law prohibits companies from forcing employees to waive their right to report violations or to arbitrate such disputes.
What is the specific legal status?
The current status is Expired.
Where can I read the full text of this legislation?
The full official text is available at:
View full text
Who is the primary sponsor?
The primary sponsor is Rep. Green, Al [D-TX-9].
What is the latest detailed status?
The latest detailed status is: Referred to the House Committee on Financial Services.
Is this summary verified?
Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.
What is the impact of this bill?
We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.