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Act to Limit Funding for Consumer Financial Protection Bureau

This bill aims to limit the funding of the Consumer Financial Protection Bureau (CFPB) to zero. If passed, the CFPB would be unable to fund its operations, potentially impacting its ability to protect consumers in financial matters like loans, mortgages, or fraud.
Key points
The bill proposes that the Consumer Financial Protection Bureau (CFPB) receive no funding for its activities.
Lack of funding could mean the CFPB is unable to carry out its mission of protecting consumers from unfair financial practices.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_303
Sponsor: Sen. Cruz, Ted [R-TX]
Process start date: 2025-01-29
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Defund the CFPB Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_303.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-01-29.

What are the main provisions?

Key points include:

  • The bill proposes that the Consumer Financial Protection Bureau (CFPB) receive no funding for its activities.
  • Lack of funding could mean the CFPB is unable to carry out its mission of protecting consumers from unfair financial practices.
What is the specific legal status?

The current status is Introduced.

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 2025-12-23.

CATEGORIES

Economy Courts and Law