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Author Topic: Ted Cruz Introduces Two-Page Bill To Abolish Warren’s Consumer Agency  (Read 557 times)

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rangerrebew

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Ted Cruz Introduces Two-Page Bill To Abolish Warren’s Consumer Agency
« on: February 15, 2017, 06:15:46 pm »
Ted Cruz Introduces Two-Page Bill To Abolish Warren’s Consumer Agency
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Thomas Phippen
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9:56 AM 02/15/2017
2002
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Texas Republican Sen. Ted Cruz introduced a two-page bill Tuesday to abolish the Consumer Financial Protection Bureau, the darling of Sen. Elizabeth Warren and Bernie Sanders.

The Repeal CFPB Act, which Cruz and four other Republican senators sponsored, would repeal the Consumer Protection Act of 2010, the part of the Dodd-Frank bill that created the CFPB and granted it sweeping authority over banks, money lenders and financial institutions.

“Don’t let the name fool you, the Consumer Financial Protection Bureau does little to protect consumers,” Cruz said in a statement.

Read more: http://dailycaller.com/2017/02/15/ted-cruz-introduces-one-line-bill-to-abolish-warrens-consumer-agency/#ixzz4YmMXUl8d
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Offline Doug Loss

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Re: Ted Cruz Introduces Two-Page Bill To Abolish Warren’s Consumer Agency
« Reply #1 on: February 15, 2017, 07:19:18 pm »
Quote from: rangerrebew on February 15, 2017, 06:15:46 pm
Ted Cruz Introduces Two-Page Bill To Abolish Warren’s Consumer Agency
Photo of Thomas Phippen
Thomas Phippen
Author
9:56 AM 02/15/2017
2002
124
 

Texas Republican Sen. Ted Cruz introduced a two-page bill Tuesday to abolish the Consumer Financial Protection Bureau, the darling of Sen. Elizabeth Warren and Bernie Sanders.

The Repeal CFPB Act, which Cruz and four other Republican senators sponsored, would repeal the Consumer Protection Act of 2010, the part of the Dodd-Frank bill that created the CFPB and granted it sweeping authority over banks, money lenders and financial institutions.

“Don’t let the name fool you, the Consumer Financial Protection Bureau does little to protect consumers,” Cruz said in a statement.

Read more: http://dailycaller.com/2017/02/15/ted-cruz-introduces-one-line-bill-to-abolish-warrens-consumer-agency/#ixzz4YmMXUl8d

Without having seen the actual text of the bill, I hope it's in a form where the name of the agency to be abolished (or the name of the establishing legislation to be repealed) can be find-and-replaced with the names of other similar agencies/legislation so that a bunch of these can be eliminated.

Update:  Here's the actual text of the bill:

https://www.cruz.senate.gov/files/documents/Bills/20170214_S.370_CFPB.pdf
« Last Edit: February 15, 2017, 07:20:49 pm by Doug Loss »
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Online Bigun

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Re: Ted Cruz Introduces Two-Page Bill To Abolish Warren’s Consumer Agency
« Reply #2 on: February 15, 2017, 07:20:14 pm »
Can't pass it soon enough to suit me!
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Offline Hondo69

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Re: Ted Cruz Introduces Two-Page Bill To Abolish Warren’s Consumer Agency
« Reply #3 on: February 15, 2017, 09:57:16 pm »
Why two pages when one sentence would do just fine?
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