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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.
Introduced
Jan 23, 2025
Last Action
Jan 23, 2025
Session
119th Congress
Sponsors
1 primary · 15 co
Passage Probability
2% — Very Low
Introduced in House
Referred to the House Committee on Financial Services.
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2%
Estimate based on legislative signals
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Upgrade to ProReferred to the House Committee on Financial Services.