Home / News / Ted Cruz Introduces One-Page Bill To Wipe Out Elizabeth Warren’s Most Prized Possession…

Ted Cruz Introduces One-Page Bill To Wipe Out Elizabeth Warren’s Most Prized Possession…

Sen. Elizabeth Warren’s darling Consumer Financial Protection Bureau may be history in the near future.

On Tuesday, Sen. Ted Cruz put forth a simple one-page bill that would completely abolish the Consumer Financial Protection Bureau, spearheaded by Warren and co-sponsored by Bernie Sanders.

The Texas senator and four other Republicans have sponsored the “Repeal CFPB Act,” which 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.

“During the Obama administration, the CFPB grew in power and magnitude without any accountability to Congress and the people, and I am encouraged by the actions President Trump has begun to take to roll back the harmful impacts of an out-of-control bureaucracy,” Cruz stated.

The bill is simple — which is how most legislation should be. The first section states the title of the legislation. The second and final section of the suggested bill says “The Consumer Financial Protection Act of 2010 … is repealed, and the provisions of law amended or repealed by that Act are restored or revised as if the Act had not been enacted.”

SOUrce:http://thetruthdivision.com

About admin22

Check Also

161226182723-president-barack-obama-exlarge-169

Why Didn’t the Liberal Media Demand Obama Denounce Radical Islam and BLM?

In the wake of the tragic events of the “Unite the Right” protest in Charlottesville, …

Social Media Auto Publish Powered By : XYZScripts.com
Please Support Online Petition To Congress For Banning Islam From U.S. If You Do Please Like This Form. Together We Can Do That!!!
Islam is not a religion, it is a violent cult and should be banned from America. I urge you to sponsor and support legislation banning Islam from America. Remember To Start This Movement It Is Necessary To Get At Least 100,000 Likes!