H.R.654

TABS Act of 2025 Taking Account of Bureaucrats’ Spending Act of 2025

Introduced·1/23/25

The TABS Act of 2025 renames the Bureau of Consumer Financial Protection to the Consumer Financial Empowerment Agency and transitions it to the.

The TABS Act of 2025 amends several federal laws to rename the Bureau of Consumer Financial Protection as the Consumer Financial Empowerment Agency. It updates references to the Bureau in various statutes, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Fair Credit Reporting Act, and the Home Mortgage Disclosure Act of 1975. The Act also transitions the Agency to the regular appropriations process, altering its funding mechanism. This change affects how the Agency receives and manages its budget, impacting its financial management and audit processes.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Financial Services Committee
Next
Committee decision

Sponsors

Democratic CaucusRepublican Caucus

History

Jan 23, 2025

House

Introduced in House

Jan 23, 2025

House

Referred to the House Committee on Financial Services.