118th Congress · HOUSE BILLBILL

H.R. 1382 — TABS Act of 2023

“To change the Bureau of Consumer Financial Protection into an independent agency named the Consumer Financial Empowerment Agency, to transition the Agency to the regular appropriations process, and for other purposes.”

Finance and financial sector

Introduced Mar 7, 2023

Last action Mar 7, 2023

Pipeline · Bill → Law

Step 1

Introduced

Mar 7, 2023

Step 2

Referred

Mar 7, 2023

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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 appropriations for FY2024-2025.

Provisions · 3 sectionsIntroduced in House

Timeline · 2 actions

Mar 7, 2023

Introduced in House

Mar 7, 2023

Referred to the House Committee on Financial Services.