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119-hr-1603119th CongressWALLET

Repeal CFPB Act

Sponsored By: Representative Donalds, Byron [R-FL-19]

Introduced

Summary

Repeals the Consumer Financial Protection Act of 2010. This bill would eliminate the statute that created the Bureau of Consumer Financial Protection and restore consumer finance law to the rules that existed before 2010.

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  • Consumers: Consumer finance rules and enforcement would revert to the pre-2010 statutory framework. Protections and how they are enforced would follow the authorities and standards that applied before the CFPB Act.
  • Financial firms and lenders: Banks, lenders, and other firms would no longer be governed by a bureau created by the 2010 law. Their supervision and legal obligations would shift back to the earlier statutory scheme.
  • Legal and regulatory process: The bill contains no transition rules, funding changes, or program details beyond the repeal and restoration. It directs that amended or repealed provisions be revived as if the CFPB Act had never been enacted.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

End the consumer finance watchdog

If enacted, this bill would repeal the law that created the Consumer Financial Protection Bureau. The Bureau would be eliminated, and rules would return to how they worked before 2010. Protections and enforcement for credit cards, mortgages, and other loans could change or be reduced. Oversight would revert to the prior legal framework. The change would take effect upon enactment.

Sponsors & CoSponsors

Sponsor

Donalds, Byron [R-FL-19]

FL • R

Cosponsors

  • Rep. Ogles, Andrew [R-TN-5]

    TN • R

    Sponsored 2/26/2025

  • Rep. Norman, Ralph [R-SC-5]

    SC • R

    Sponsored 2/26/2025

  • Rep. McCormick, Richard [R-GA-7]

    GA • R

    Sponsored 2/26/2025

  • Rep. Gill, Brandon [R-TX-26]

    TX • R

    Sponsored 3/4/2025

  • Rep. Dunn, Neal P. [R-FL-2]

    FL • R

    Sponsored 3/18/2025

  • Rep. Sessions, Pete [R-TX-17]

    TX • R

    Sponsored 10/14/2025

Roll Call Votes

No roll call votes available for this bill.

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