Repeal CFPB Act

Bill: 116-s-1335
Sponsor: full_name: Sen. Cruz, Ted [R-TX]
Introduced: 2019-05-06
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: 2019-05-06
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2019-05-06
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 116th CONGRESS 1st Session S. 1335 IN THE SENATE OF THE UNITED STATES May 6, 2019 Mr. Cruz (for himself, Mr. Lee , Mr. Inhofe , Mr. Sasse , Mr. Rounds , Mrs. Blackburn , and Mr. Paul ) 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.

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 is repealed, and the provisions of law amended or repealed by that Act are restored or revived as if the Act had not been enacted.