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Eliminating Consumer Financial Protection Bureau

This bill aims to completely abolish the Consumer Financial Protection Bureau (CFPB). This means that consumer protection regulations in the financial sector, introduced in 2010, would be repealed. As a result, citizens might lose support in resolving disputes with banks or lending companies, and oversight of the financial market could be weakened.
Key points
Abolition of the Consumer Financial Protection Bureau (CFPB).
Restoration of laws as they existed before 2010, potentially weakening financial consumer protection.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_2937
Sponsor: Rep. Donalds, Byron [R-FL-19]
Process start date: 2023-04-27
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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 118_HR_2937.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-04-27.

What are the main provisions?

Key points include:

  • Abolition of the Consumer Financial Protection Bureau (CFPB).
  • Restoration of laws as they existed before 2010, potentially weakening financial consumer protection.
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 Rep. Donalds, Byron [R-FL-19].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Courts and Law