119 S303 IS: Defund the CFPB Act U.S. Senate 2025-01-29 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II119th CONGRESS1st SessionS. 303IN THE SENATE OF THE UNITED STATESJanuary 29, 2025Mr. Cruz (for himself, Mr. Barrasso, Mr. Scott of Florida, Mr. Daines, Mrs. Blackburn, Mr. Rounds, and Mr. Lee) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban AffairsA BILLTo amend the Consumer Financial Protection Act of 2010 to limit to $0 the amount that the Director of the Bureau of Consumer Financial Protection may request to fund the activities of the Bureau.

1.

Short title

This Act may be cited as the Defund the CFPB Act.

2.

Limiting funding of bureau of consumer financial protection

Section 1017(a) of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5497(a)) is amended—(1)in paragraph (1), by striking taking into account and all that follows through the period at the end and inserting which shall be not more than $0.; (2)by striking paragraphs (2) and (3); and(3)by redesignating paragraphs (4) and (5) as paragraphs (2) and (3), respectively.