Referred to the House Committee on Financial Services.
This bill amends the Consumer Financial Protection Act of 2010 to set the amount the Director of the Consumer Financial Protection Bureau (CFPB) may request for Bureau funding to $0. It removes certain funding-paragraphs in the statute, effectively eliminating the CFPB’s statutory authority to request its existing self-directed funding stream.
Progressives emphasize loss of consumer protections and enforcement capacity.
Relative to its intended legislative type, this bill clearly and narrowly aims to eliminate the statutorily authorized funding amount for the Bureau of Consumer Financial Protection by amending 12 U.S.C. 5497(a) to cap the requestable amount at $0.
This bill amends the Consumer Financial Protection Act of 2010 to set the amount the Director of the Consumer Financial Protection Bureau (CFPB) may request for Bureau funding to $0.
It removes certain funding-paragraphs in the statute, effectively eliminating the CFPB’s statutory authority to request its existing self-directed funding stream.
Blunt defunding of a federal agency is highly contentious; historically such measures rarely become law without broad cross-branch agreement.
Relative to its intended legislative type, this bill clearly and narrowly aims to eliminate the statutorily authorized funding amount for the Bureau of Consumer Financial Protection by amending 12 U.S.C. 5497(a) to cap the requestable amount at $0. The text is legally concise in effect but minimal in supporting detail.
Progressives emphasize loss of consumer protections and enforcement capacity.
These are examples from the analysis, not a ranked list of the most-affected groups.
Progressives emphasize loss of consumer protections and enforcement capacity.
Seen as a direct attempt to cripple the CFPB’s operations and enforcement capacity.
Likely viewed as removing an important, independent funding mechanism that funds consumer protections.
Wary of removing an independent funding stream without a clear, legislated replacement.
Sees accountability concerns but fears abrupt operational gaps harming consumers and markets.
Viewed favorably as a means to rein in an agency seen as unaccountable and self-funded.
Frames the bill as restoring congressional budget authority and limiting regulatory overreach.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Blunt defunding of a federal agency is highly contentious; historically such measures rarely become law without broad cross-branch agreement.
The bill has not accumulated any surfaced votes yet.
Progressives emphasize loss of consumer protections and enforcement capacity.
Blunt defunding of a federal agency is highly contentious; historically such measures rarely become law without broad cross-branch agreemen…
Relative to its intended legislative type, this bill clearly and narrowly aims to eliminate the statutorily authorized funding amount for the Bureau of Consumer Financial Protection by amending 12 U.S.C. 5497(a) to cap…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.