S. 1923: CFPB Pay Fairness Act of 2025
The CFPB Pay Fairness Act of 2025 aims to modify the way pay is determined for employees of the Bureau of Consumer Financial Protection (CFPB). Specifically, the bill proposes to link the pay rates for all CFPB employees to the General Schedule, which is a pay scale used for federal employees, as outlined in Title 5 of the United States Code. This means that the basic pay for CFPB employees would be set and adjusted based on this standardized federal pay system as managed by the Director of the Bureau.
Key Provisions
- Compensation Adjustment: The pay rates for CFPB employees will be set according to the General Schedule pay scale.
- Implementation Timeline: The changes to the pay structure will take effect 90 days after the bill is enacted into law.
Purpose of the Bill
The legislation seeks to create a more consistent and fair pay structure for employees within the CFPB by aligning their salaries with the established federal pay system. This could enhance transparency and predictability regarding employee compensation within the Bureau.
Impact of the Bill
Should the bill be enacted, it would standardize pay for CFPB employees in line with federal compensation practices, potentially affecting retention, recruitment, and overall employee satisfaction within the Bureau.
Relevant Companies
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Sponsors
1 sponsor
Actions
2 actions
| Date | Action |
|---|---|
| Jun. 02, 2025 | Introduced in Senate |
| Jun. 02, 2025 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Corporate Lobbying
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