TABS Act of 2025
The summary
What this bill does
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.
Legislative timeline
From introduction
Jan 23, 2025
Introduced & referred to committee
Congressional support
Sponsors & Cosponsors
U.S. Representative - KY District 6 · R-KY
16 cosponsors
U.S. Representative - PA District 9 · R-PA
Member of Congress · R-SC
Member of Congress · R-NC
U.S. Representative - MO District 2 · R-MO
U.S. Representative - NE District 1 · R-NE
U.S. Representative - NY District 2 · R-NY
U.S. Representative - WI District 5 · R-WI
U.S. Representative - FL District 8 · R-FL
U.S. Representative - WI District 1 · D-NJ
Member of Congress · R-GA
U.S. Representative - NY District 17 · R-NY
U.S. Representative - MT District 2 · R-MT
+ 4 more cosponsors
Roll-call vote
The vote, by member
The vote, by member
VERSION CHANGES
What changed,
and where.
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Bill Metadata
| Congress | 119 |
| Bill Type | HR |
| Bill Number | 654 |
| Origin Chamber | House |
| Current Status | Referred to the House Committee on Financial Services. |
| Policy Area | Finance and Financial Sector |
| Primary Committee | Not assigned |
| Introduced | January 23, 2025 |
| Latest Action | January 23, 2025 |
| Cosponsors | 16 · House vote — · 1 views |