TABS Act of 2025

Summary

Official

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.

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Bill Progress

Bill has been introduced and assigned a number

Introduced(1/23/25)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. Barr

House (R) Kentucky – 6

Cosponsors (15)

Fitzgerald

House (R) Wisconsin

Williams

House (R) Texas

Flood

House (R) Nebraska

Lawler

House (R) New York

Steil

House (R) Wisconsin

Meuser

House (R) Pennsylvania

Timmons

House (R) South Carolina

Loudermilk

House (R) Georgia

Garbarino

House (R) New York

Downing

House (R) Montana

Latest Action

Referred to the House Committee on Financial Services.

Jan 23, 2025

View Bill on Congress.gov