[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8908 Introduced in House (IH)]

<DOC>






118th CONGRESS
  2d Session
                                H. R. 8908

  To amend the Consumer Financial Protection Act of 2010 to limit the 
funding of the Consumer Financial Protection Bureau to an amount equal 
                                 to $1.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 28, 2024

  Mr. Self (for himself, Mr. Tiffany, and Mr. Donalds) introduced the 
   following bill; which was referred to the Committee on Financial 
                                Services

_______________________________________________________________________

                                 A BILL


 
  To amend the Consumer Financial Protection Act of 2010 to limit the 
funding of the Consumer Financial Protection Bureau to an amount equal 
                                 to $1.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Consumer Financial Protection Bureau 
Withdrawal Cap Adjustment Act of 2024''.

SEC. 2. LIMITING FUNDING OF CONSUMER FINANCIAL PROTECTION BUREAU TO AN 
              AMOUNT EQUAL TO $1.

    Section 1017(a) of the Consumer Financial Protection Act of 2010 
(12 U.S.C. 5497(a)) is amended--
            (1) in paragraph (1), by striking ``the amount determined 
        by the Director to be reasonably necessary to carry out the 
        authorities of the Bureau under Federal consumer financial law, 
        taking into account such other sums made available to the 
        Bureau from the preceding year (or quarter of such year)'' and 
        inserting ``an amount equal to $1'';
            (2) by striking paragraphs (2) and (3); and
            (3) by redesignating paragraphs (4) and (5) as paragraphs 
        (2) and (3), respectively.
                                 <all>