Repeal CFPB Act

Bill: 114-s-1804
Sponsor: full_name: Sen. Cruz, Ted [R-TX]
Introduced: 2015-07-21
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation

Consumer Financial Protection Bureau

Consumer affairs

Consumer credit

Executive agency funding and structure
Latest action: action_date: 2015-07-21
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2015-07-21
action_desc: Introduced in Senate
text: <p><strong>Repeal CFPB Act</strong></p> <p>Repeals the Consumer Financial Protection Act of 2010, which established the Bureau of Consumer Financial Protection.</p> <p>Revives or restores the provisions of law amended by such Act as if it had not been enacted.</p>

tv_txt: II 114th CONGRESS 1st Session S. 1804 IN THE SENATE OF THE UNITED STATES July 21, 2015 Mr. Cruz introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To eliminate the Bureau of Consumer Financial Protection by repealing title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly known as the Consumer Financial Protection Act of 2010.

1. Short title This Act may be cited as the Repeal CFPB Act . 2. Repeal The Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5481 et seq. ) is repealed, and the provisions of law amended or repealed by that Act are restored or revived as if the Act had not been enacted.