TABS Act of 2025
Latest action · Jan 23, 2025 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.
- IntroducedJan 23, 2025
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 16
Members who signed on, in the order they did. Signatures ran from Feb 4, 2025 to Apr 9, 2026.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-PA | Daniel Meuser | Feb 4, 2025 | |
| R-NC | Tim Moore | Feb 4, 2025 | |
| R-SC | William R. Timmons IV | Feb 4, 2025 | |
| R-NY | Andrew R. Garbarino | Feb 6, 2025 | |
| R-MO | Ann Wagner | Feb 6, 2025 | |
| R-NE | Mike Flood | Feb 6, 2025 | |
| R-WI | Scott Fitzgerald | Feb 6, 2025 | |
| R-GA | Barry Loudermilk | Feb 10, 2025 | |
| R-WI | Bryan Steil | Feb 10, 2025 | |
| R-FL | Mike Haridopolos | Feb 10, 2025 | |
| R-NY | Michael Lawler | Feb 11, 2025 | |
| R-TX | Roger Williams | Feb 12, 2025 | |
| R-MT | Troy Downing | Feb 12, 2025 | |
| R-TX | Monica De La Cruz | Feb 24, 2025 | |
| R-TX | Pete Sessions | Sep 16, 2025 | |
| R-KS | Tracey Mann | Apr 9, 2026 |
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 Jan 23, 2025 |
Actions 2
Everything that happened, newest first.
- Jan 23, 2025Introduced in House
- Jan 23, 2025Referred 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. 171, no. 14, January 23, 2025, page H388.
Printed hearings 2
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 119-33 | DODD-FRANK TURNS 15: LESSONS LEARNED AND THE ROAD AHEAD580 pages | Financial Services Committee | Jul 15, 2025 |
| Serial No. 119-11 | A NEW ERA FOR THE CFPB: BALANCING POWER AND REPRIORITIZING CONSUMER PROTECTIONS216 pages | Financial Services Committee | Mar 26, 2025 |
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R48295 | The Consumer Financial Protection Bureau Budget: Background, Trends, and Policy Options | Report | Jun 8, 2026 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To change the Bureau of Consumer Financial Protection into an independent agency named the Consumer Financial Empowerment Agency, to transition the Agency to the regular appropriations process, and for other purposes.
- Short Title(s) as Introduced
- TABS Act of 2025
- Taking Account of Bureaucrats’ Spending Act of 2025
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Jan 23, 2025Introduced 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.
