The CFPB Director could ask the Federal Reserve for no more than $0 to run the agency. The bill does not create a new funding source or explain what happens to CFPB work after that.
Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.
Defund the CFPB Act is a Senate bill in committee. The latest recorded action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Latest action on S. 303: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who this affects: This bill mainly affects the CFPB, the financial companies it oversees, and people who use common financial products. The CFPB would lose its normal path for getting operating funds from the Federal Reserve. Banks, lenders, and other financial companies could face less active oversight if the agency has less money. Consumers could see changes in complaint handling, rule enforcement, and protection from unfair or deceptive practices, though the bill does not spell out those results.
Why this matters: This matters because the CFPB is the main federal watchdog for many everyday financial products. If its main funding request is set at $0, the agency may have trouble doing its work. That could affect company exams, consumer complaints, rulemaking, and enforcement. The bill does not explain the exact results, so much would depend on later legal and funding decisions.
You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.
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Officially: Defund the CFPB Act
The CFPB Director could ask the Federal Reserve for no more than $0 to run the agency. The bill does not create a new funding source or explain what happens to CFPB work after that.
Use this page to support, oppose, or ask Congress to amend S303. Modern Action explains Defund the CFPB Act in plain English, helps identify the right senators or representative, and drafts a bill-specific message you can edit and send.
Where it stands
Sitting in Banking
No vote scheduled. Constituent contact is what moves bills out of committee.
↓ Why your message matters here
This bill is sitting in committee with no scheduled vote — which means a small number of constituent messages can decide whether it moves forward or quietly dies.
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Where this bill is in the process
Introduced
Introduced in Senate
Senate Committee
Under Senate committee consideration
Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (1/29/2025)
Senate Floor Vote
Voted on by Senate
Passed Senate
Approved by Senate
House Review
Sent to House for consideration
Passed Both Chambers
Approved by both House and Senate
Signed into Law
Signed by the President
For more detail
Choose one clear position: support, oppose, or amend. Then pick any reasons or personal context you want included. Modern Action uses that input and the bill context to draft a message you can edit and send.
Congressional offices prioritize messages from their own constituents. Modern Action uses your address to route the drafted message to your senators when that is the most relevant target for this bill.
The draft includes the bill number, your position, the reasons you selected, any personal context you added, and a direct ask such as voting yes, voting no, cosponsoring, opposing, or seeking changes. You stay in control because you can edit the message before sending.
This page gives you an opportunity to support, oppose, or ask for changes to Defund the CFPB Act, then contact the elected officials who can act. Modern Action drafts the message from your position and the reasons you select.
Modern Action keeps the action tied to the bill itself: what it would do, where it is in the process (committee), which office can still act, and what ask belongs in the message.
You are not starting from a blank form. Modern Action drafts the message around S303, your stance, and the reasons you choose, then lets you edit and send when ready.
