Protecting American Consumers Act
Sen. Warren Introduces Bill to Guarantee Minimum Funding for Consumer Protection Bureau
The Protecting American Consumers Act is currently in the early stages of the legislative process. It has been sent to the Senate Committee on Banking, Housing, and Urban Affairs for review. No further actions are scheduled at this time, and the bill is waiting for the committee to decide on its next steps.
Legislative Progress
This bill lacks support from the opposite party and faces a divided Congress where the agency's funding is a major point of disagreement.
Key Points
Impact Analysis
Personal Impact
Life & Work
Small business owners who use consumer financial products like credit cards and business loans would benefit from continued CFPB oversight of lenders. The agency's ability to police unfair lending terms and junk fees would be protected from budget-related disruptions.
Programs
Milestones
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Protecting American Consumers Act
Data Sources
Sponsor
Cosponsors
(10)Analysis generated by AI. Always verify with official sources.