HR 654
TABS Act of 2025
Summary
Taking 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.
Bill status
- Status
- In committee
- Sponsor
- Rep. Andy Barr [R-KY-6]
- Cosponsors
- 16
- Policy area
- Finance and Financial Sector
- Introduced
- 2025-01-23
- Latest action
- 2025-01-23: Referred to the House Committee on Financial Services.
Committee referrals
Recent actions
- 2025-01-23: Referred to the House Committee on Financial Services.
- 2025-01-23: Introduced in House
- 2025-01-23: Introduced in House