HR 1486
114th Congress
House
Finance and Financial Sector
Appropriations
Consumer Financial Protection Bureau
Consumer affairs
Executive agency funding and structure
Federal Reserve System
Financial services and investments
TABS Act of 2016
Everywhere this bill has been
6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 6, 2016
Placed on the Union Calendar, Calendar No. 414.
May 6, 2016
Reported (Amended) by the Committee on Financial Services. H. Rept. 114-538.
Apr 13, 2016
Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 20.
Apr 13, 2016
Committee Consideration and Mark-up Session Held.
Mar 19, 2015
Referred to the House Committee on Financial Services.
Mar 19, 2015
Introduced in House
Plain-English summary
Taking Account of Bureaucrats' Spending Act of 2016 or the TABS Act of 2016
(Sec. 2) This bill amends the Consumer Financial Protection Act of 2010 to eliminate provisions that fund the Consumer Financial Protection Bureau (CFPB) using transfers from the earnings of the Federal Reserve System. The transfers under current law permit the CFPB to be funded outside of the annual appropriations process, and this bill brings the CFPB into the regular process.
What's happening now
Placed on the Union Calendar, Calendar No. 414.
Committees of jurisdiction
1