HR 654
119th Congress
House
Finance and Financial Sector
TABS Act of 2025
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 23, 2025
Referred to the House Committee on Financial Services.
Jan 23, 2025
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the House Committee on Financial Services.
Bill text
1 version
- Introduced in House Formatted Text PDF Formatted XML
Committees of jurisdiction
1
Cite this page
U.S. Congress. (2026). H.R. 654 — TABS Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-HR-654/
"H.R. 654 — TABS Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-654/.
H.R. 654, 119th Cong. (2026), https://openamerica.io/bill/119-HR-654/.
[H.R. 654 — TABS Act of 2025](https://openamerica.io/bill/119-HR-654/)