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S. 105: Consumer Financial Protection Board Act of 2017

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About the bill

One of the most important governmental responses to the 2008 financial crash was a new agency tasked with protecting consumers. But Republicans believe that the head of the agency has gotten out of control. A new bill in Congress would change the agency’s governing structure to a five-person board instead of a single individual. But is this just a sneaky move to dismantle it altogether?

The CFPB’s creation and what it does

In the aftermath of the 2008 financial crash and recession, President Obama and congressional Democrats in ...

Sponsor and status

Deb Fischer

Sponsor. Senior Senator for Nebraska. Republican.

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Last Updated: Jan 11, 2017
Length: 19 pages

Jan 11, 2017


Introduced on Jan 11, 2017

This bill is in the first stage of the legislative process. It was introduced into Congress on January 11, 2017. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.


4% chance of being enacted according to Skopos Labs (details)


Jan 11, 2017

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

If this bill has further action, the following steps may occur next:
Passed Committee

Passed Senate

Passed House

Signed by the President

S. 105 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“S. 105 — 115th Congress: Consumer Financial Protection Board Act of 2017.” 2017. December 10, 2018 <>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from, the official portal of the United States Congress. is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.