An amendment that would direct the Senate to restore the Consumer Financial Protection Bureau in order to do its job to lower prices for consumers.
Restore the Consumer Financial Protection Bureau so it can lower prices for consumers.
Occurrences
Evidence
Alsobrooks said she filed an amendment that would direct the Senate to restore the Consumer Financial Protection Bureau so it can do its job to lower prices for consumers.
SA 5090 was submitted by Sen. Alsobrooks and ordered to lie on the table. The amendment concerned lowering costs for consumers, including reinstating previously rescinded funding for the Bureau of Consumer Financial Protection and prohibiting future layoffs.
S.2429 would amend the Consumer Financial Protection Act to ensure the Bureau retains adequate resources for fair, transparent, and competitive markets and whistleblower protections. Congress.gov lists Alsobrooks among the introducing senators/cosponsors, with latest action referred to Senate Banking on July 24, 2025.
CRS reports that P.L. 119-21 reduced the CFPB annual funding cap by 46%, from $823 million under the Dodd-Frank formula in FY2025 to $446 million, and reduced the prior 12% cap figure to 6.5%.
On passage of H.R. 1 as amended, the Senate vote was 50-50 with the Vice President voting yea; the bill passed. Alsobrooks voted Nay.
The court found that CFPB leadership ordered employees to stop work on February 10, 2025, and was engaged in a hurried effort to dismantle and disable the agency; the court entered a preliminary injunction to preserve the agency while litigation proceeded.
Assessments
Alsobrooks materially attempted to advance the promise by filing a CFPB restoration amendment, backing S.2429, and voting against legislation that reduced CFPB funding. However, the amendment did not pass, S.2429 remained referred rather than enacted, and P.L. 119-21 reduced CFPB funding authority instead of restoring it. The promised restoration was not delivered, but the record shows a serious same-term effort.