| 1 | 1 | | II |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION S. 303 |
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| 5 | 5 | | To amend the Consumer Financial Protection Act of 2010 to limit to $0 |
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| 6 | 6 | | the amount that the Director of the Bureau of Consumer Financial |
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| 7 | 7 | | Protection may request to fund the activities of the Bureau. |
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| 8 | 8 | | IN THE SENATE OF THE UNITED STATES |
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| 9 | 9 | | JANUARY29, 2025 |
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| 10 | 10 | | Mr. C |
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| 11 | 11 | | RUZ(for himself, Mr. BARRASSO, Mr. SCOTTof Florida, Mr. DAINES, |
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| 12 | 12 | | Mrs. B |
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| 13 | 13 | | LACKBURN, Mr. ROUNDS, ANDMR. LEE) introduced the following |
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| 14 | 14 | | bill; which was read twice and referred to the Committee on Banking, |
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| 15 | 15 | | Housing, and Urban Affairs |
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| 16 | 16 | | A BILL |
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| 17 | 17 | | To amend the Consumer Financial Protection Act of 2010 |
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| 18 | 18 | | to limit to $0 the amount that the Director of the |
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| 19 | 19 | | Bureau of Consumer Financial Protection may request |
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| 20 | 20 | | to fund the activities of the Bureau. |
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| 21 | 21 | | Be it enacted by the Senate and House of Representa-1 |
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| 22 | 22 | | tives of the United States of America in Congress assembled, 2 |
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| 23 | 23 | | SECTION 1. SHORT TITLE. 3 |
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| 24 | 24 | | This Act may be cited as the ‘‘Defund the CFPB 4 |
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| 25 | 25 | | Act’’. 5 |
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| 26 | 26 | | VerDate Sep 11 2014 22:00 Feb 25, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S303.IS S303 |
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| 27 | 27 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 |
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| 28 | 28 | | •S 303 IS |
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| 29 | 29 | | SEC. 2. LIMITING FUNDING OF BUREAU OF CONSUMER FI-1 |
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| 30 | 30 | | NANCIAL PROTECTION. 2 |
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| 31 | 31 | | Section 1017(a) of the Consumer Financial Protec-3 |
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| 32 | 32 | | tion Act of 2010 (12 U.S.C. 5497(a)) is amended— 4 |
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| 33 | 33 | | (1) in paragraph (1), by striking ‘‘taking into 5 |
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| 34 | 34 | | account’’ and all that follows through the period at 6 |
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| 35 | 35 | | the end and inserting ‘‘which shall be not more than 7 |
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| 36 | 36 | | $0.’’; 8 |
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| 37 | 37 | | (2) by striking paragraphs (2) and (3); and 9 |
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| 38 | 38 | | (3) by redesignating paragraphs (4) and (5) as 10 |
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| 39 | 39 | | paragraphs (2) and (3), respectively. 11 |
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| 40 | 40 | | Æ |
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| 41 | 41 | | VerDate Sep 11 2014 22:00 Feb 25, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S303.IS S303 |
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| 42 | 42 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB |
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