HELL NO it should be strengthened or reformed to provide protections and assistance to consumers from predatory financial business practices. Cruz is trying to sneak one by us hoping we believe him its in our country’s best economic interest to abolish all these protections for us consumers- better for his own bank account as well as his rich friends is more the truth!!! So how about it America? I am very certain most people in US are smarter than that and can read through your lies Cruz along with any of your buddies who believe the same way you do! After all its not very difficult to figure out- this government agency was put in place many years ago because of severe financial crisis created by predatory business /banking practices that caused significant financial crises leading to new government legislation. At that time the new legislation created an agency to oversee/enforce consumer protections from businesses using predatory financial practices. Now republicans are continuing to work towards undoing years of hard work to put consumer rights/ protections in place by many prior sitting legislators. The motivation of republicans is to increase their own individual wealth or ensure their chances of winning re- election! Cruz and republican leadership believe “we the people” are stupid and would not notice they propose to take away more of our consumer protection by abolishing this agency altogether! Since most businesses/corporations had record profits the last few years while 98 percent of our people struggled and still do to make essential monthly bills. Now Mitch is blocking several bills that were passed in the house that could provide some relief to many taxpayers but Mitch will not allow any of these bills to come up for discussion or vote in the republican majority held senate-he is obstructing our democracy! Now Cruz wants us to just give up more consumer protections/ rights and just trust him and that corporations will do the fair thing without any regulations telling them they have to! Sorry DC- We know better by now that you cannot be trusted to do the right thing! Hm, I wonder how many other policies/ laws have been changed quietly by republican leadership without much notice? The American people need to pay close attention even though you are as fed up as I am with the terrible behavior of our government - don’t give up! It may feel like we are backing up but it won’t last long because its the scared mostly republican white older greedy men that are being the bullies causing all the mess. Currently our republican leadership have been demonstrating very self-serving/greedy/and cowardly behavior catering to their donors instead of actually doing intended job of representing their constituents “we the people”. Republican leadership are terrified to allow our country to move forward/ regain respect of other countries by doing the right thing, allowing more equity/fairness in our business practices throughout the world, all because that will mean much less individual financial gain for them! We used to be a world leader but lately not so much with all the crazy goings since 2016 presidential election! We want and deserve better from our elected officials or we will get much better at voting them out of office- so straighten up and quit trying to rip off the American people. We want fair honest elections which we do not have since 2016. We want a good president who cares about “we the people” more than himself, same for congress. We want our president and legislators to obey and honor the laws of this country that apply to all people-no exceptions!