S. 370 - Repeal CFPB Act

Finance and financial sector. 115th Congress (2017-2018) View bill details
Sponsor:
Summary:
A bill to eliminate the Bureau of Consumer Financial Protection by repealing title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly known as the Consumer Financial Protection Act of 2010. (by CRS) 
Status:
The bill has been referred to committee. 
There have been no votes on this bill.

Repeal CFPB Act

S. 370 — 115th Congress (2017–2018)

Summary
A bill to eliminate the Bureau of Consumer Financial Protection by repealing title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly known as the Consumer Financial Protection Act of 2010. (by CRS)
Learn More
At OpenCongress
Title
A bill to eliminate the Bureau of Consumer Financial Protection by repealing title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly known as the Consumer Financial Protection Act of 2010.
Other Titles
  • Repeal CFPB Act
  • Repeal CFPB Act
  • Repeal CFPB Act
Sponsor
Ted Cruz
Co-Sponsors
Subjects
  • Finance and financial sector
  • Banking and financial institutions regulation
  • Consumer affairs
  • Consumer credit
  • Consumer Financial Protection Bureau
  • Executive agency funding and structure
Related Bills
Major Actions
Introduced2/14/2017
Referred to Committee
Bill History

There have been no votes on this bill.

ActionDateDescription
Introduced2/14/2017
2/14/2017Introduced in Senate
2/14/2017Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
NumberSponsorDate OfferedStatus
scale for bar graph of contributions

Contributions

  1. November - December 2010 For $104,332 Against $34,703
  2. January - February 2011 For $296,430 Against $97,075
  3. March - April 2011 For $792,173 Against $141,025
  4. May - June 2011 For $744,763 Against $166,475
  5. July - August 2011 For $321,784 Against $69,472
  6. September - October 2011 For $601,882 Against $324,327
  7. November - December 2011 For $464,334 Against $219,011
  8. January - February 2012 For $379,795 Against $179,268
  9. March - April 2012 For $924,725 Against $351,295
  10. May - June 2012 For $861,739 Against $500,178
  11. July - August 2012 For $721,856 Against $457,618
  12. September - October 2012 For $1,380,455 Against $1,513,572
  13. November - December 2012 For $384,021 Against $106,055
  14. January - February 2013 For $155,328 Against $70,924
  15. March - April 2013 For $689,588 Against $133,935
  16. May - June 2013 For $538,169 Against $155,534
  17. July - August 2013 For $359,965 Against $42,040
  18. September - October 2013 For $622,205 Against $70,148
  19. November - December 2013 For $745,875 Against $93,353
  20. January - February 2014 For $544,666 Against $50,510
  21. March - April 2014 For $1,247,664 Against $110,125
  22. May - June 2014 For $1,051,648 Against $159,247
  23. July - August 2014 For $839,887 Against $114,453
  24. September - October 2014 For $2,938,107 Against $298,094
  25. November - December 2014 For $428,143 Against $35,843
  26. January - February 2015 For $362,642 Against $92,489
  27. March - April 2015 For $1,024,096 Against $282,615
  28. May - June 2015 For $1,054,384 Against $222,550
  29. July - August 2015 For $404,454 Against $141,201
  30. September - October 2015 For $790,212 Against $329,324
  31. November - December 2015 For $592,766 Against $328,199
  32. January - February 2016 For $397,493 Against $222,222
  33. March - April 2016 For $872,325 Against $410,235
  34. May - June 2016 For $1,172,838 Against $677,982
  35. July - August 2016 For $1,182,639 Against $689,525
  36. September - October 2016 For $1,635,892 Against $1,461,424
  37. November - December 2016 For $131,282 Against $122,101

Votes

    3 Organizations Support and 3 Oppose; See Which Ones

    Organizations that took a position on
    Repeal CFPB Act

    3 organizations support this bill

    Citizens Against Government Waste
    CAGW (2017, March 1). CFP-Bane: Warding Off the Unconstitutional CFPB. Retrieved September 22, 2017, from CAGW.
    FreedomWorks
    Brandon, Adam (2017, February 17). Support S. 370 and H.R. 1031 to Abolish the CFPB. Retrieved February 21, 2017, from FreedomWorks.
    Independent Community Bankers of America
    ICBA (2017, September 12). Bill Tracker. Retrieved September 12, 2017, from ICBA.

    3 organizations oppose this bill

    Center for Responsible Lending
    Miles, Yana (2017, February 16). New Bills Would Threaten Return of Financial Crisis, Leave Families Vulnerable to Financial Abuse. Retrieved February 16, 2017, from Center for Responsible Lending.
    Common Dreams
    Common Dreams (2017, February 15). Republicans Launch Bicameral Salvos Against Wall Street Watchdog. Retrieved September 22, 2017, from Common Dreams.
    Consumer Federation of America
    Consumer Federation of America (2017, February 23). Politicians Propose Elimination of Financial Watchdog Lauded by Military Leaders. Retrieved February 24, 2017, from Consumer Federation of America.

    Need proof?

    View citations of support and opposition

    Includes reported contributions to congressional campaigns of Senators in office during the 115th U.S. Congress, from interest groups invested in the vote according to MapLight, November 29, 2010 – November 28, 2016.
    Contributions data source: OpenSecrets.org

    Contributions by Legislator

    Namesort iconPartyState$ From Interest Groups
    That Support
    $ From Interest Groups
    That Oppose
    Andrew Lamar AlexanderRTN$103,350$0
    Tammy BaldwinDWI$20,050$557,726
    John BarrassoRWY$85,133$0
    Michael F. BennetDCO$226,600$660,541
    Richard BlumenthalDCT$49,375$11,350
    Roy BluntRMO$335,936$0
    Cory A. BookerDNJ$172,217$81,226
    John BoozmanRAR$178,182$0
    Sherrod BrownDOH$118,530$520,450
    Richard BurrRNC$350,149$0
    Maria CantwellDWA$7,850$10,605
    Shelley Moore CapitoRWV$508,250$0
    Ben CardinDMD$29,500$33,250
    Tom CarperDDE$181,304$14,050
    Bob CaseyDPA$85,900$61,650
    Bill CassidyRLA$429,548$0
    William Thad CochranRMS$108,950$0
    Susan M. CollinsRME$90,650$1,000
    Christopher A. CoonsDDE$170,450$69,629
    Bob CorkerRTN$314,069$0
    John CornynRTX$375,670$0
    Catherine Cortez MastoDNV$20,708$1,030,047
    Tom CottonRAR$1,545,927$0
    Mike CrapoRID$318,244$0
    Ted CruzRTX$2,154,382$-2,500
    Steve DainesRMT$373,275$0
    Joe DonnellyDIN$130,731$57,769
    Tammy DuckworthDIL$47,513$699,590
    Dick DurbinDIL$16,750$51,625
    Mike EnziRWY$49,700$0
    Joni ErnstRIA$239,561$500
    Dianne FeinsteinDCA$72,000$1,372
    Deb FischerRNE$321,791$0
    Jeff FlakeRAZ$1,450,871$0
    Al FrankenDMN$17,680$219,720
    Cory GardnerRCO$608,125$0
    Kirsten E. GillibrandDNY$175,335$127,021
    Lindsey GrahamRSC$165,310$0
    Chuck GrassleyRIA$239,679$6,700
    Kamala D. HarrisDCA$23,248$372,025
    Margaret Wood HassanDNH$32,500$953,429
    Orrin G. HatchRUT$167,833$0
    Martin HeinrichDNM$25,300$147,337
    Heidi HeitkampDND$110,950$59,265
    Dean HellerRNV$283,359$0
    Mazie K. HironoDHI$48,700$84,788
    John HoevenRND$62,050$2,000
    Jim InhofeROK$98,574$0
    Johnny IsaksonRGA$225,445$0
    Ron JohnsonRWI$919,834$0
    Tim KaineDVA$103,800$332,595
    John KennedyRLA$41,850$0
    Angus S. King, Jr.IME$30,900$27,415
    Amy KlobucharDMN$135,900$27,363
    James LankfordROK$280,367$0
    Patrick J. LeahyDVT$20,440$74,040
    Mike LeeRUT$796,484$0
    Joe Manchin, IIIDWV$99,550$32,125
    Ed MarkeyDMA$26,017$187,342
    John McCainRAZ$288,770$0
    Claire McCaskillDMO$103,525$137,486
    Addison "Mitch" McConnellRKY$737,945$0
    Bob MenéndezDNJ$76,350$14,700
    Jeff MerkleyDOR$17,270$94,518
    Jerry MoranRKS$161,449$0
    Lisa MurkowskiRAK$71,750$0
    Chris MurphyDCT$120,275$267,768
    Patty MurrayDWA$102,774$205,780
    Clarence "Bill" NelsonDFL$91,000$79,443
    Rand PaulRKY$506,963$0
    David PerdueRGA$318,653$0
    Gary C. PetersDMI$216,750$227,620
    Rob PortmanROH$708,521$4,700
    John "Jack" ReedDRI$78,150$7,600
    Jim RischRID$121,737$0
    Charles "Pat" RobertsRKS$250,967$0
    Mike RoundsRSD$269,441$0
    Marco RubioRFL$1,000,940$6,000
    Bernie SandersIVT$350$319,465
    Ben SasseRNE$812,701$0
    Brian SchatzDHI$112,649$107,526
    Chuck SchumerDNY$345,152$87,672
    Tim ScottRSC$548,256$0
    Jeanne ShaheenDNH$67,300$117,185
    Richard C. ShelbyRAL$371,221$0
    Debbie StabenowDMI$152,862$70,366
    Luther StrangeRAL$0$0
    Dan SullivanRAK$703,948$0
    Jon TesterDMT$411,147$136,066
    John ThuneRSD$284,349$0
    Thom TillisRNC$405,059$0
    Patrick J. ToomeyRPA$1,869,893$0
    Tom UdallDNM$28,325$89,139
    Chris Van HollenDMD$71,200$47,350
    Mark R. WarnerDVA$348,350$55,364
    Elizabeth WarrenDMA$34,356$1,783,347
    Sheldon WhitehouseDRI$19,060$25,857
    Roger F. WickerRMS$70,253$0
    Ron WydenDOR$113,934$76,150
    Todd YoungRIN$324,616$0

    Add Data Filters:

    Legislator Filters
    Legislator Filters
    NamePartyState$ From Interest Groups
    That Support
    $ From Interest Groups
    That Oppose
    Andrew Lamar AlexanderRTN$103,350$0
    Tammy BaldwinDWI$20,050$557,726
    John BarrassoRWY$85,133$0
    Michael F. BennetDCO$226,600$660,541
    Richard BlumenthalDCT$49,375$11,350
    Roy BluntRMO$335,936$0
    Cory A. BookerDNJ$172,217$81,226
    John BoozmanRAR$178,182$0
    Sherrod BrownDOH$118,530$520,450
    Richard BurrRNC$350,149$0
    Maria CantwellDWA$7,850$10,605
    Shelley Moore CapitoRWV$508,250$0
    Ben CardinDMD$29,500$33,250
    Tom CarperDDE$181,304$14,050
    Bob CaseyDPA$85,900$61,650
    Bill CassidyRLA$429,548$0
    William Thad CochranRMS$108,950$0
    Susan M. CollinsRME$90,650$1,000
    Christopher A. CoonsDDE$170,450$69,629
    Bob CorkerRTN$314,069$0
    John CornynRTX$375,670$0
    Catherine Cortez MastoDNV$20,708$1,030,047
    Tom CottonRAR$1,545,927$0
    Mike CrapoRID$318,244$0
    Ted CruzRTX$2,154,382$-2,500
    Steve DainesRMT$373,275$0
    Joe DonnellyDIN$130,731$57,769
    Tammy DuckworthDIL$47,513$699,590
    Dick DurbinDIL$16,750$51,625
    Mike EnziRWY$49,700$0
    Joni ErnstRIA$239,561$500
    Dianne FeinsteinDCA$72,000$1,372
    Deb FischerRNE$321,791$0
    Jeff FlakeRAZ$1,450,871$0
    Al FrankenDMN$17,680$219,720
    Cory GardnerRCO$608,125$0
    Kirsten E. GillibrandDNY$175,335$127,021
    Lindsey GrahamRSC$165,310$0
    Chuck GrassleyRIA$239,679$6,700
    Kamala D. HarrisDCA$23,248$372,025
    Margaret Wood HassanDNH$32,500$953,429
    Orrin G. HatchRUT$167,833$0
    Martin HeinrichDNM$25,300$147,337
    Heidi HeitkampDND$110,950$59,265
    Dean HellerRNV$283,359$0
    Mazie K. HironoDHI$48,700$84,788
    John HoevenRND$62,050$2,000
    Jim InhofeROK$98,574$0
    Johnny IsaksonRGA$225,445$0
    Ron JohnsonRWI$919,834$0
    Tim KaineDVA$103,800$332,595
    John KennedyRLA$41,850$0
    Angus S. King, Jr.IME$30,900$27,415
    Amy KlobucharDMN$135,900$27,363
    James LankfordROK$280,367$0
    Patrick J. LeahyDVT$20,440$74,040
    Mike LeeRUT$796,484$0
    Joe Manchin, IIIDWV$99,550$32,125
    Ed MarkeyDMA$26,017$187,342
    John McCainRAZ$288,770$0
    Claire McCaskillDMO$103,525$137,486
    Addison "Mitch" McConnellRKY$737,945$0
    Bob MenéndezDNJ$76,350$14,700
    Jeff MerkleyDOR$17,270$94,518
    Jerry MoranRKS$161,449$0
    Lisa MurkowskiRAK$71,750$0
    Chris MurphyDCT$120,275$267,768
    Patty MurrayDWA$102,774$205,780
    Clarence "Bill" NelsonDFL$91,000$79,443
    Rand PaulRKY$506,963$0
    David PerdueRGA$318,653$0
    Gary C. PetersDMI$216,750$227,620
    Rob PortmanROH$708,521$4,700
    John "Jack" ReedDRI$78,150$7,600
    Jim RischRID$121,737$0
    Charles "Pat" RobertsRKS$250,967$0
    Mike RoundsRSD$269,441$0
    Marco RubioRFL$1,000,940$6,000
    Bernie SandersIVT$350$319,465
    Ben SasseRNE$812,701$0
    Brian SchatzDHI$112,649$107,526
    Chuck SchumerDNY$345,152$87,672
    Tim ScottRSC$548,256$0
    Jeanne ShaheenDNH$67,300$117,185
    Richard C. ShelbyRAL$371,221$0
    Debbie StabenowDMI$152,862$70,366
    Luther StrangeRAL$0$0
    Dan SullivanRAK$703,948$0
    Jon TesterDMT$411,147$136,066
    John ThuneRSD$284,349$0
    Thom TillisRNC$405,059$0
    Patrick J. ToomeyRPA$1,869,893$0
    Tom UdallDNM$28,325$89,139
    Chris Van HollenDMD$71,200$47,350
    Mark R. WarnerDVA$348,350$55,364
    Elizabeth WarrenDMA$34,356$1,783,347
    Sheldon WhitehouseDRI$19,060$25,857
    Roger F. WickerRMS$70,253$0
    Ron WydenDOR$113,934$76,150
    Todd YoungRIN$324,616$0

    Interest Groups that support this bill

    $ Donated
    Republican/Conservative$14,205,818
    Commercial banks & bank holding companies$13,554,739

    Interest Groups that oppose this bill

    $ Donated
    Democratic/Liberal$10,463,497
    Consumer groups$10,650
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