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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.
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Status:
Expired
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Additional Information
Repeal CFPB Act
Print number: 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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Summary & Status

Key Questions about Eliminating the Consumer Financial Protection Bureau

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is 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.

Analysis and Potential Impact of S 1090

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Economy Courts and Law