HR 654 · 119th Congress · Finance and Financial Sector

TABS Act of 2025

Introduced 2025-01-23· Sponsored by Rep. Barr, Andy [R-KY-6]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2025-01-23)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (16)

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