119-s303

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 303 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 303

 To 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.

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 January 29, 2025

Mr. 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 Affairs

_______________________________________________________________________

 A BILL

 To 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.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

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

SEC. 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.
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