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HR 2798 118th Congress House Finance and Financial Sector Administrative law and regulatory procedures Advisory bodies Appropriations Banking and financial institutions regulation Civil actions and liability Congressional oversight Consumer Financial Protection Bureau Consumer affairs Department of the Treasury Economic performance and conditions Executive agency funding and structure Federal officials Government employee pay, benefits, personnel management Government ethics and transparency, public corruption Government studies and investigations Performance measurement Presidents and presidential powers, Vice Presidents Small business Wages and earnings

TABS Act of 2023

Introduced: April 24, 2023 Introduced by: Barr, Andy Republican · Kentucky See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 9 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 4, 2023
Placed on the Union Calendar, Calendar No. 241.
Dec 4, 2023
Committee on Small Business discharged.
Dec 4, 2023
Committee on the Judiciary discharged.
Dec 4, 2023
Committee on Oversight and Accountability discharged.
Dec 4, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-297, Part I.
Apr 26, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 26 - 23.
Apr 26, 2023
Committee Consideration and Mark-up Session Held.
Apr 24, 2023
Introduced in House
Apr 24, 2023
Referred to the Committee on Financial Services, and in addition to the Committees on Oversight and Accountability, the Judiciary, and Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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 Plain-English summary Congressional Research Service

CFPB Transparency and Accountability Reform Act

This bill changes the structure, funding, and rulemaking procedures of the Consumer Financial Protection Bureau.

The bill removes the bureau from the Federal Reserve System and reestablishes it as an independent agency. The bill also changes the leadership structure by establishing a five-person commission led by a chair rather than a director as under current law. The bill eliminates the bureau's ability to receive funding through transfers from the Federal Reserve and brings the bureau under the regular appropriations process. The bill also establishes a separate inspector general for the bureau. Currently, the bureau is under the supervision of the Federal Reserve's Inspector General.

Additionally, the bill creates within the bureau the Office of Economic Analysis that must review all proposed and existing guidance, orders, rules, and regulations. In the course of a rulemaking, the office must publish an assessment of all anticipated direct and indirect costs and benefits of the proposed regulation and of any reasonable alternatives. As part of the required analysis under the Regulatory Flexibility Act, the bureau must describe the impact on small businesses of proposed and final rules and a justification for the rejection of any alternatives.

Finally, the bill requires the bureau to provide awards to whistleblowers who report information resulting in monetary sanctions.

What's happening now December 4, 2023

Placed on the Union Calendar, Calendar No. 241.

 Related & companion bills 9
  • HR 1313 Related bill Transparency in CFPB Cost-Benefit Analysis Act
  • HR 1410 Related bill Consumer Financial Protection Commission Act
  • HR 1411 Related bill CFPB–IG Reform Act of 2023
  • HR 1749 Related bill Making the CFPB Accountable to Small Businesses Act of 2023
  • HR 2465 Related bill Financial Compensation for CFPB Whistleblowers Act
  • HR 2489 Related bill CFPB Dual Mandate and Economic Analysis Act
  • HR 2490 Related bill CFPB Whistleblower Incentives and Protection Act
  • S 1124 Related bill Financial Compensation for CFPB Whistleblowers Act
  • S 1362 Related bill Transparency in CFPB Cost-Benefit Analysis Act
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 4
 Cosponsors 2
All 2 Republican 2
R
Hunt, Wesley
Texas · Nov 6, 2023
 R
Houchin, Erin
Indiana · Jun 14, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2798: CFPB Transparency and Accountability Reform Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-2798/
MLA
"H.R. 2798: CFPB Transparency and Accountability Reform Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-2798/.
Bluebook (legal)
H.R. 2798, 118th Cong. (2026), https://openamerica.io/bill/118-HR-2798/.
Markdown link
[H.R. 2798: CFPB Transparency and Accountability Reform Act](https://openamerica.io/bill/118-HR-2798/)
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