H.R. 654 · 119th Congress

TABS Act of 2025

In committee

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Bill details

Introduced: 1/23/2025

Current status: In committee

Introduced by: Andy Barr (R · KY-06)

Bill ID: 119hr654

Latest official action: Referred to the House Committee on Financial Services.

Bill overview

A neutral overview based on official congressional sources.

Introduced in House

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.

Source: BILLSUM · Summary date: 1/23/2025

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Last updated: 1/23/2025Source: BILLSUMBill: 119hr654Learn more →