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119-s-303119th CongressWALLET

Defund the CFPB Act

Sponsored By: Senator Cruz, Ted [R-TX]

Introduced

Summary

Zero funding for the Consumer Financial Protection Bureau by capping its authorization at not more than $0. The bill deletes earlier funding paragraphs and redesignates remaining text, eliminating the Bureau's funding authorization in that section.

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Bill Overview

Analyzed Economic Effects

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

Sets CFPB funding to $0

This bill would set the Consumer Financial Protection Bureau's funding to $0. It would change 12 U.S.C. 5497(a) by replacing paragraph (1). It would also strike paragraphs (2) and (3) and renumber remaining paragraphs. If enacted, CFPB operations funded under that law would be constrained. This change would take effect upon enactment.

Sponsors & CoSponsors

Sponsor

Cruz, Ted [R-TX]

TX • R

Cosponsors

  • Sen. Barrasso, John [R-WY]

    WY • R

    Sponsored 1/29/2025

  • Sen. Scott, Rick [R-FL]

    FL • R

    Sponsored 1/29/2025

  • Sen. Daines, Steve [R-MT]

    MT • R

    Sponsored 1/29/2025

  • Sen. Blackburn, Marsha [R-TN]

    TN • R

    Sponsored 1/29/2025

  • Sen. Rounds, Mike [R-SD]

    SD • R

    Sponsored 1/29/2025

  • Sen. Lee, Mike [R-UT]

    UT • R

    Sponsored 1/29/2025

Roll Call Votes

No roll call votes available for this bill.

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