HR 654 · 119th CongressIn Committeecongress.gov ↗

TABS Act of 2025

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What this bill does

AI plain-language summary

This bill changes the Consumer Financial Protection Bureau by renaming it the Consumer Financial Empowerment Agency and making it a separate independent agency instead of being part of the Federal Reserve System. The bill also changes how the agency gets its money by stopping the Federal Reserve from giving it funds and instead having Congress approve its budget for 2026 and 2027.

Sponsor

Rep. Barr, Andy [R-KY-6]

R

Introduced

January 23, 2025

Policy Area

Finance and Financial Sector

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