H.R. 654 119th Congress House

TABS Act of 2025

Official title: To change the Bureau of Consumer Financial Protection into an independent agency named the Consumer Financial Empowerment Agency, to transition the Agency to t… Show full official titleShow less

Introduced: January 23, 2025 Introduced by: Andy Barr Republican · Kentucky See on congress.gov

Finance and Financial Sector

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

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What's happening now January 23, 2025

Referred to the House Committee on Financial Services.

Plain-English summary Congressional Research Service

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.

Hearings & markups 1

Dodd-Frank Turns 15: Lessons Learned and the Road Ahead
Hearing Jul 15, 2025 · 10:00 AM EDT · Financial Services Committee

Bill text 1 version

Introduced in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Financial Services Committee
House of Representatives

Lobbying activity 63

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

GOWEST CREDIT UNION ASSOCIATION
for GOWEST CREDIT UNION ASSOCIATION · Washington · 3rd Quarter 2026 (July 1 - Sep 30)
AMERICAN BANKERS ASSOCIATION
for AMERICAN BANKERS ASSOCIATION · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
CONSUMER BANKERS ASSOCIATION
for CONSUMER BANKERS ASSOCIATION · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
NATIONAL TREASURY EMPLOYEES UNION
for NATIONAL TREASURY EMPLOYEES UNION · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
CROSSROADS STRATEGIES, LLC
for INFIN A FINANCIAL SERVICES ALLIANCE · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
CALIFORNIA AND NEVADA CREDIT UNION LEAGUES
for CALIFORNIA AND NEVADA CREDIT UNION LEAGUES · California · 3rd Quarter 2026 (July 1 - Sep 30)

Bodies those filers lobbied

HOUSE OF REPRESENTATIVES
63 filings
SENATE
63 filings
Treasury, Dept of
45 filings
Consumer Financial Protection Bureau (CFPB)
35 filings
Federal Reserve System
29 filings
Office of Management & Budget (OMB)
28 filings
Federal Communications Commission (FCC)
26 filings
Natl Credit Union Administration (NCUA)
23 filings

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 63 filings →

Cosponsors 16