Financial Services Committee
- Referred To
Introduced: Jan 23, 2025
Latest action date: Jan 23, 2025
Latest development
Referred to the House Committee on Financial Services.
Status detail: The most advanced recorded stage is committee consideration.
Plain-language overview
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.
Civixly topics
Civixly topics make federal and state legislation comparable. They are derived from the official CRS policy area and legislative subjects.
Official CRS policy area
Finance and Financial Sector
Committees and subcommittees that received, reviewed, marked up, or reported this legislation.
Proposed changes to this measure, with their latest official outcome or action from Congress.gov.
No amendments are listed for this measure.
Checked against Congress.gov Sep 16, 2026.
Newest action first. Action language comes from the official Congress.gov record.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Recorded House and Senate votes connected to this bill. Your representatives appear first when available.
No connected roll-call votes are currently available for this bill.
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