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TABS Act of 2025

Bill Number
H.R. 654
Origin Chamber
House
Congress
119th Congress, Session 1
Policy Area
Finance and Financial Sector
Status
Introduced
Latest Action
2025-01-23: Referred to the House Committee on Financial Services.
Last Updated
2025-09-17T08:06:44Z

Official 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.

Sponsor

Rep. Barr, Andy [R-KY-6]

Cosponsors (15)

Rep. Meuser, Daniel [R-PA-9], Rep. Timmons, William R. [R-SC-4], Rep. Moore, Tim [R-NC-14], Rep. Wagner, Ann [R-MO-2], Rep. Flood, Mike [R-NE-1], Rep. Garbarino, Andrew R. [R-NY-2], Rep. Fitzgerald, Scott [R-WI-5], Rep. Haridopolos, Mike [R-FL-8], Rep. Steil, Bryan [R-WI-1], Rep. Loudermilk, Barry [R-GA-11], Rep. Lawler, Michael [R-NY-17], Rep. Downing, Troy [R-MT-2], Rep. Williams, Roger [R-TX-25], Rep. De La Cruz, Monica [R-TX-15], Rep. Sessions, Pete [R-TX-17]

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