Proposed
Bill · 119th Congress · HR 654
TABS Act of 2025
Refreshed 3 h ago
Introduced 2025-01-23Topic: economy jobsSummary
Summary by the Congressional Research ServiceTaking Account of Bureaucrats' Spending Act of 2025 or the TABS Act of 2025 This bill restructures the Consumer Financial Protection Bureau and renames it as the Consumer Financial Empowerment Agency. The new agency is established as an independent agency outside of the Federal Reserve System. The bill also changes the funding structure of the agency by prohibiting the transfer of funds to the agency from the Federal Reserve System and by authorizing congressional appropriations for FY2026-FY2027.
Sponsors
- Andy Barr Republican sponsor
- 16 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2025-01-23 | House | Referred to the House Committee on Financial Services. | refer |
| 2025-01-23 | Introduced in House | introduce | |
| 2025-01-23 | Introduced in House | introduce |