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Naples Standard

Monday, March 31, 2025

Rep. Byron Donalds introduces bill to eliminate CFPB, emphasizes consumer protection

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Byron Donalds U.S. House of Representatives from Florida's 19th district | Official U.S. House Headshot

Byron Donalds U.S. House of Representatives from Florida's 19th district | Official U.S. House Headshot

Congressman Byron Donalds provided a series of tweets on March 27, 2025, addressing legislative initiatives, collaborative efforts with local officials, and reflections on technological advancements within the context of capital markets.

In one message from 14:17:54 UTC, Congressman Donalds expressed his commitment to eliminating the Consumer Financial Protection Bureau (CFPB), referring to it as "an unconstitutional, unaccountable, highly-politicized agency" that he believes fails to serve the best interests of Americans. He announced the introduction of HR 1603 to initiate its removal, underscoring his stance that while consumer protection is vital, the CFPB is not the appropriate instrument for this purpose.

At 14:35:41 UTC, Donalds expressed gratitude for the collaboration with Miami-Dade County Commissioner Rob Gonzalez during a visit to the nation’s capital. The discussions centered on key issues for Florida, such as economic development, aviation, space, and workforce training, signaling a commitment to address both local and national priorities.

In a subsequent tweet at 15:06:52 UTC, Donalds remarked on the advancements in technology that have provided Americans unprecedented access to market information. He also noted the deficit in governmental progress compared to technological developments. According to Congressman Donalds, capital markets, while inherently uncertain, present real opportunities for wealth building among Americans.

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