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Tuesday, March 07, 2023 11:02:39 PM
"I think at the end of the day, the bureau probably survives, but with a smaller budget and maybe a bipartisan commission. But Republicans are gonna be in the drivers’ seat, so they’ll be able to say, ‘If Democrats want this bureau at all, you’re going to do it our way,’” said Ian Katz, managing director of strategic policy firm Capital Alpha Partners.
Several high-profile Republicans including Sen. Ted Cruz (R-Texas) have introduced bills to abolish the CFPB altogether.
“It’s very possible … that you’d have a situation where maybe the House of Representatives says, ‘Well, we’re not gonna fund it anymore, and it [goes] out of existence,” Sen. Chuck Grassley (R-Iowa) told The Hill."
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