Repeal CFPB Act

Bill: 115-s-370
Sponsor: full_name: Sen. Cruz, Ted [R-TX]
Introduced: 2017-02-14
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: 2017-02-14
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2017-02-14
action_desc: Introduced in Senate
text: <p><strong>Repeal CFPB Act</strong></p> <p>This bill repeals the Consumer Financial Protection Act of 2010, which established the Consumer Financial Protection Bureau.</p>

tv_txt: II 115th CONGRESS 1st Session S. 370 IN THE SENATE OF THE UNITED STATES February 14, 2017 Mr. Cruz (for himself, Mr. Lee , Mr. Paul , Mr. Inhofe , and Mr. Rounds ) 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 is repealed, and the provisions of law amended or repealed by that Act are restored or revived as if the Act had not been enacted.