Defund the CFPB Act

Summary#

The bill would amend the Consumer Financial Protection Act of 2010 to limit to $0 the amount the Director of the Bureau of Consumer Financial Protection may request to fund the Bureau’s activities. It would also remove two paragraphs from the law’s funding section and renumber two others.

What it means for you#

The bill addresses funding requests by the Bureau. It does not describe a direct change to individual consumers or financial products.

Expenses#

The bill sets the Director’s maximum funding request at $0. It provides no estimate of other expenses.

Proponents' View#

No publicly available information.

Opponents' View#

No publicly available information.