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Eliminating the Consumer Financial Protection Bureau

This bill aims to completely abolish the Consumer Financial Protection Bureau (CFPB). This means that consumer protection regulations in financial matters, introduced in 2010, would no longer be in effect. As a result, citizens might lose support and tools for resolving disputes with financial institutions, potentially impacting their financial security.
Key points
Abolition of the Consumer Financial Protection Bureau (CFPB).
Restoration of pre-2010 legal provisions, potentially weakening consumer protection in the financial sector.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_S_1090
Sponsor: Sen. Cruz, Ted [R-TX]
Process start date: 2021-04-13
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Repeal CFPB Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1090.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-04-13.

What are the main provisions?

Key points include:

  • Abolition of the Consumer Financial Protection Bureau (CFPB).
  • Restoration of pre-2010 legal provisions, potentially weakening consumer protection in the financial sector.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Cruz, Ted [R-TX].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Courts and Law