Repeal CFPB Act
HR 6409, the "Repeal CFPB Act," would eliminate the Consumer Financial Protection Bureau (CFPB) by repealing the 2010 law that created it. This would restore all previous financial regulations to the agencies that managed them before the CFPB's creation, such as the Federal Reserve. The bill directly affects consumer financial products like mortgages, credit cards, and loans, shifting regulatory oversight back to other federal agencies. It does not create new rules but reverses the structural change established by the 2010 Act.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2022
Committee Review
Floor Vote
President
Introduced Jan 14, 2022
Last action Jan 14, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jan 14, 2022
Committee
Referred to the House Committee on Financial Services.
lower
Jan 14, 2022
Introduced
Introduced in House
lower
1 primary · 4 co-sponsors
Sponsors
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