HR. 654In Committee
TABS Act of 2025
Restructures the Consumer Financial Protection Bureau into an independent Consumer Financial Empowerment Agency outside the Federal Reserve and shifts its funding to congressional appropriations
Plain-English overview
What this bill does
Restructures the Consumer Financial Protection Bureau into an independent Consumer Financial Empowerment Agency outside the Federal Reserve and shifts its funding to congressional appropriations
Key points
- Establish independent consumer agency
- Prohibit Federal Reserve transfers
- Authorize congressional appropriations
Current status
Where it stands
Status
In Committee
Latest action
2025-01-23 — Referred to the House Committee on Financial Services.
Related context
Topics and policy areas
undefinedFinance and Financial Sector