Urges the reform or abolishment of the Consumer Financial Protection Bureau

HR 116 is a Missouri House resolution urging federal action to reform or abolish the Consumer Financial Protection Bureau (CFPB). It argues the CFPB's single-director structure concentrates too much power, lacks accountability, and increases costs while reducing access to financial services. The resolution specifically requests Congress return the CFPB's duties to pre-Dodd-Frank financial agencies or adopt reforms proposed in HR 2798 (118th Congress). This resolution, offered by Missouri lawmakers, directly addresses the federal CFPB and its regulatory role, but does not create new law. It has been referred to a committee for further review.