Bill 119 s 303, also known as the Consumer Financial Protection Act of 2010, is a proposed amendment that aims to restrict the funding of the Bureau of Consumer Financial Protection. The bill seeks to limit the amount that the Director of the Bureau can request for funding to $0. This means that the Bureau would not be able to request any funds to support its activities.
The bill appears to be a response to concerns about the budget and spending of the Bureau of Consumer Financial Protection. By limiting the funding to $0, the bill would effectively halt the Bureau's ability to carry out its regulatory and oversight functions in the financial sector.
It is important to note that this bill could have significant implications for consumer protection and financial regulation in the United States. Critics of the bill may argue that limiting the funding of the Bureau could weaken its ability to protect consumers from predatory practices and ensure a fair and transparent financial marketplace.
Overall, Bill 119 s 303 is a controversial proposal that raises important questions about the role and funding of the Bureau of Consumer Financial Protection in safeguarding the interests of American consumers.