House Republicans have advanced a series of legislative measures targeting several federal oversight and regulatory agencies. The House Judiciary Committee initially proposed removing the Federal Trade Commission's (FTC) antitrust enforcement authority and transferring it to the Department of Justice, but later reversed course and dropped the proposal from the budget package after facing skepticism in the Senate. The House Financial Services Committee approved legislation that would cut the Consumer Financial Protection Bureau's (CFPB) annual funding cap by 70%, from $823 million to $249 million, and redirect its Civil Penalty Fund to the U.S. Treasury. The CFPB has provided $5 billion in overdraft relief to consumers. Democrats and consumer advocates state that these measures would limit the agency's ability to provide restitution and conduct its statutory obligations. House Republicans also advanced a plan to eliminate the Public Company Accounting Oversight Board (PCAOB), transferring its duties to the Securities and Exchange Commission (SEC). The PCAOB, which has a $375 million budget, oversees audit quality for public companies. PCAOB Chair Erica Williams and industry groups have warned that dismantling the board could disrupt audit oversight and international inspections. Elon Musk announced plans to step back from his role at the Department of Government Efficiency (DOGE) at the end of May, having claimed $160 billion in federal spending cuts. Congressional Republicans are debating whether to codify a package of approximately $9 billion in DOGE cuts, with some expressing doubts about making the reductions permanent. Lawmakers are considering reinstating some programs previously cut by DOGE amid opposition from constituents.