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Cuts Funding for Consumer Protection Bureau

Recent Bills/Cuts Funding for Consumer Protection Bureau

Cuts Funding for Consumer Protection Bureau

IntroducedN/A

Introduced1 year ago

Intro

Senate

House

Pres

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

More:Recently Introduced Bills Government Senate Bills

Why This Matters

This bill would limit the Bureau of Consumer Financial Protection's funding to zero dollars, effectively defunding it.

If you rely on the Bureau for help with financial issues, this bill cuts its funding to $0.

Who this affects

Consumers · Bureau users

What changes is this bill making?

1This bill would stop the Bureau of Consumer Financial Protection from receiving any federal funding.
2The Bureau currently helps protect consumers from unfair financial practices.
3Without funding, the Bureau may struggle to operate or provide services.
4This bill affects the Bureau's ability to enforce consumer financial laws.
5Supporters argue this will reduce government spending on the Bureau.

Read the detailed summary

Defund the CFPB Act This bill caps funding of the Consumer Financial Protection Bureau at $0.

Last changed 2 months ago · checked hourly

Bill Progress1 of 4

Bills must pass the House, Senate, and be signed by the President to become law.

Intro

Senate

House

Pres

IntroducedCurrentJan 9, 2025

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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Senate

House

President

The President

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