S 1090
Repeal CFPB Act
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Bill overview
This bill seeks to completely eliminate the Consumer Financial Protection Bureau (CFPB). It proposes to repeal the Consumer Financial Protection Act of 2010, which created the CFPB, and restore any laws that were altered or removed by that act. Supporters of the bill argue that the CFPB has overreached its authority and hindered economic growth. The bill’s passage would remove the agency’s regulatory powers over financial institutions.
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Primary sponsor
Cosponsors
James M. Inhofe
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