# 119-hr-1603: Repeal CFPB Act

119-hr-1603, Repeal CFPB Act, is a 119th Congress bill sponsored by Rep. Donalds, Byron [R-FL-19] (R-FL); status introduced; PRIA reads it as touching household money (as of 2026-10-07).

- Canonical: https://policyrisk.com/legislation/119-hr-1603
- As of: 2026-10-07
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-1603
- Congress: 119
- Title: Repeal CFPB Act
- Status: introduced
- Introduced: 2025-02-26
- Sponsor: Rep. Donalds, Byron [R-FL-19] (R-FL)
- Cosponsors: 6
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-10-07

## 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. - 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 It directs that amended or repealed provisions be revived as if the CFPB Act had never been enacted.

## Cosponsors (6)

- Rep. Ogles, Andrew [R-TN-5] (R-TN), 2025-02-26T00:00:00.000Z
- Rep. Norman, Ralph [R-SC-5] (R-SC), 2025-02-26T00:00:00.000Z
- Rep. McCormick, Richard [R-GA-7] (R-GA), 2025-02-26T00:00:00.000Z
- Rep. Gill, Brandon [R-TX-26] (R-TX), 2025-03-04T00:00:00.000Z
- Rep. Dunn, Neal P. [R-FL-2] (R-FL), 2025-03-18T00:00:00.000Z
- Rep. Sessions, Pete [R-TX-17] (R-TX), 2025-10-14T00:00:00.000Z

## Provisions PRIA read

- End the consumer finance watchdog: cost, high. 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 wou…

## Related bills

- 119-hr-1301: Death Tax Repeal Act
- 119-hr-425: Repealing Big Brother Overreach Act
- 119-hr-38: Constitutional Concealed Carry Reciprocity Act of 2025
- 119-hr-273: REMAIN in Mexico Act of 2025
- 119-hr-1232: National Right-to-Work Act
- 119-hr-1502: North Platte Canteen Congressional Gold Medal Act

## Sources
- [119-hr-1603 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/1603)

## Related
- [119-hr-1301: Death Tax Repeal Act](https://policyrisk.com/legislation/119-hr-1301)
- [119-hr-425: Repealing Big Brother Overreach Act](https://policyrisk.com/legislation/119-hr-425)
- [119-hr-38: Constitutional Concealed Carry Reciprocity Act of 2025](https://policyrisk.com/legislation/119-hr-38)
- [119-hr-273: REMAIN in Mexico Act of 2025](https://policyrisk.com/legislation/119-hr-273)
- [119-hr-1232: National Right-to-Work Act](https://policyrisk.com/legislation/119-hr-1232)
- [119-hr-1502: North Platte Canteen Congressional Gold Medal Act](https://policyrisk.com/legislation/119-hr-1502)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-1603 (as of 2026-10-07).