In CommitteeFiled Jun 4, 2026
Sponsor: Sen. Warren, Elizabeth [D-MA] (D)
Latest Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 4, 2026
Summary
The bill amends the Consumer Financial Protection Act to require that the CFPB receive at least 12 percent of the Federal Reserve System’s total operating expenses each fiscal year. This creates a fixed funding floor rather than relying on discretionary appropriations. It aims to give the bureau a more predictable budget to protect consumers in financial markets.
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