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Standard Summary
Comprehensive overview in 1-2 paragraphs
The Defund the CFPB Act amends the Consumer Financial Protection Act of 2010 to limit CFPB funding requests to $0, effectively defunding the agency.
Key Points
- 1Prohibits CFPB Director from requesting any funding
- 2Eliminates agency's ability to fund operations
- 3Removes existing funding provisions
- 4Redesignates remaining sections
- 5Impacts consumer financial protection oversight
Impact Areas
Consumer financial protectionFederal regulatory agenciesFinancial services industryConsumer rightsFederal budget policy
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