TABS Act of 2021
Latest action · Feb 4, 2021 Referred to the House Committee on Financial Services.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedFeb 4, 2021
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Taking Account of Bureaucrats' Spending Act of 2021 or the TABS Act of 2021
This bill eliminates provisions that fund the Consumer Financial Protection Bureau (CFPB) using transfers from the earnings of the Federal Reserve System. The transfers under current law permit the CFPB to be funded outside of the annual appropriations process, and this bill brings the CFPB into the regular process.
Cosponsors 28
Members who signed on, in the order they did. Signatures ran from Feb 4, 2021 to Jan 13, 2022; 21 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-WV | Alexander X. Mooney | Original | Feb 4, 2021 |
| R-MO | Ann Wagner | Original | Feb 4, 2021 |
| R-OH | Anthony Gonzalez | Original | Feb 4, 2021 |
| R-GA | Barry Loudermilk | Original | Feb 4, 2021 |
| R-MO | Blaine Luetkemeyer | Original | Feb 4, 2021 |
| R-WI | Bryan Steil | Original | Feb 4, 2021 |
| R-TN | David Kustoff | Original | Feb 4, 2021 |
| R-CA | Doug LaMalfa | Original | Feb 4, 2021 |
| R-OK | Frank D. Lucas | Original | Feb 4, 2021 |
| R-AR | J. French Hill | Original | Feb 4, 2021 |
| R-GA | Jody B. Hice | Original | Feb 4, 2021 |
| R-TN | John W. Rose | Original | Feb 4, 2021 |
| R-TX | Lance Gooden | Original | Feb 4, 2021 |
| R-NY | Lee M. Zeldin | Original | Feb 4, 2021 |
| R-WI | Mike Gallagher | Original | Feb 4, 2021 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Feb 4, 2021 |
Actions 2
Everything that happened, newest first.
- Feb 4, 2021Introduced in House
- Feb 4, 2021Referred to the House Committee on Financial Services.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 167, no. 21, February 4, 2021, page H386.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 969 | TABS Act of 2019 | Reintroduction of | Feb 5, 2019 |
| S 5280 | CFPB Stability Act of 2022 | Related bill | Dec 15, 2022 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Consumer Financial Protection Act of 2010 to bring the Bureau of Consumer Financial Protection into the regular appropriations process, and for other purposes.
- Short Title(s) as Introduced
- TABS Act of 2021
- Taking Account of Bureaucrats’ Spending Act of 2021
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Feb 4, 2021Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
