Senate Republicans are facing challenges in including a proposal to cut funding for the Consumer Financial Protection Bureau (CFPB) in their proposed megabill. Despite initial hopes, top Senate officials have deemed certain proposals ineligible for the legislation due to budget reconciliation rules. The House-passed version of the bill reduced CFPB funding by 70%. A proposed amendment aims to require congressional approval for spending on projects like energy pipelines and coal plants. Key committee members, including Senator Kennedy, express concerns over government intervention in private sector projects.
Source: https://www.politico.com/live-updates/2025/06/23/congress/senate-republicans-cfpb-cuts-gop-megabill-00419754