On May 6, 2019, Sen. Ted Cruz (R-TX) re-introduced the “Repeal CFPB Act,” S. 1335, which aims to abolish the Consumer Financial Protection Bureau (CFPB). The bill is short and sweet, containing only one sentence in the substantive portion stating, “The Consumer Financial Protection Act of 2010 is repealed, and the provisions of law amended or repealed by that Act are restored or revived as if the Act had not been enacted.”
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