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S. 1335: Repeal CFPB Act

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About the bill

Has the main new agency created in the wake of the ’08 crash done more good or harm?


In the aftermath of the 2008–09 financial crash, congressional Democrats enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act. Almost every congressional Republican opposed: only three Senate Republicans and three House Republicans voted in favor.

One of the law’s main provisions established a new government agency called the Consumer Financial Protection Bureau, or the CFPB. Critics on the right contend that the agency stifles business with its heavy-handed regulations of the financial and banking industries.

What the bill does

The Repeal CFPB Act would do exactly what its name implies: abolish the Consumer Financial Protection Bureau.

Their budget this fiscal year is $533.0 million, so ostensibly taxpayers ...

Sponsor and status

Ted Cruz

Sponsor. Junior Senator for Texas. Republican.

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Last Updated: May 6, 2019
Length: 1 page
May 6, 2019
116th Congress (2019–2021)

Introduced on May 6, 2019

This bill is in the first stage of the legislative process. It was introduced into Congress on May 6, 2019. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

3% chance of being enacted according to Skopos Labs (details)


May 6, 2019

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. 1335 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.

Bills numbers restart every two years. That means there are other bills with the number S. 1335. This is the one from the 116th Congress.

How to cite this information.

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

“S. 1335 — 116th Congress: Repeal CFPB Act.” 2019. October 31, 2020 <>

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.