TABS Act of 2023
- Last Action
- 3/7/2023
Actions
- 2023-03-07Referred to the House Committee on Financial Services.
- 2023-03-07Introduced in House
- 2023-03-07Introduced in House
CRS Summary
As of 2023-03-07 (00)
Taking Account of Bureaucrats' Spending Act of 2023 or the TABS Act of 2023
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 appropriations for FY2024-2025.
Cosponsors (20)
- Young Kim (R-CA)
- Byron Donalds (R-FL)
- Warren Davidson (R-OH)
- Roger Williams (R-TX)
- Alexander Mooney (R-WV)
- Mike Flood (R-NE)
- J. Hill (R-AR)
- Tom Emmer (R-MN)
- Daniel Meuser (R-PA)
- Bryan Steil (R-WI)
- Scott Fitzgerald (R-WI)
- Barry Loudermilk (R-GA)
- Erin Houchin (R-IN)
- Blaine Luetkemeyer (R-MO)
- Ann Wagner (R-MO)
- Michael Lawler (R-NY)
- Monica De La Cruz (R-TX)
- William Timmons (R-SC)
- Bill Posey (R-FL)
- Ralph Norman (R-SC)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.