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US HR969

US HR969
TABS Act of 2019 Taking Account of Bureaucrats’ Spending Act of 2019


summary

Introduced
02/05/2019
In Committee
02/05/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To amend the Consumer Financial Protection Act of 2010 to bring the Bureau of Consumer Financial Protection into the regular appropriations process, and for other purposes. This bill eliminates provisions in the Consumer Financial Protection Act of 2010 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.

AI Summary

This bill, the Taking Account of Bureaucrats' Spending (TABS) Act of 2019, proposes to amend the Consumer Financial Protection Act of 2010 to bring the Consumer Financial Protection Bureau (CFPB) into the regular congressional appropriations process. The bill eliminates the current provisions that allow the CFPB to be funded through transfers from the Federal Reserve System, which permit the CFPB to operate outside of the annual appropriations process. By bringing the CFPB into the regular appropriations process, this bill would subject the Bureau's funding to congressional oversight and approval.

Committee Categories

Business and Industry

Sponsors (43)

Andy Barr (R)* Ralph Abraham (R),  Rick Allen (R),  Brian Babin (R),  Ted Budd (R),  Michael Burgess (R),  Dan Crenshaw (R),  Warren Davidson (R),  Sean Duffy (R),  Neal Dunn (R),  Tom Emmer (R),  Bill Flores (R),  Mike Gallagher (R),  Anthony Gonzalez (R),  Lance Gooden (R),  Jody Hice (R),  French Hill (R),  Trey Hollingsworth (R),  Bill Huizenga (R),  Trent Kelly (R),  David Kustoff (R),  Doug LaMalfa (R),  Barry Loudermilk (R),  Frank Lucas (R),  Blaine Luetkemeyer (R),  Alex Mooney (R),  Ralph Norman (R),  Bill Posey (R),  Denver Riggleman (R),  David Roe (R),  John Rose (R),  David Rouzer (R),  Austin Scott (R),  Bryan Steil (R),  Steve Stivers (R),  Van Taylor (R),  William Timmons (R),  Scott Tipton (R),  Ann Wagner (R),  Tim Walberg (R),  Randy Weber (R),  Roger Williams (R),  Lee Zeldin (R), 

Last Action

Referred to the House Committee on Financial Services. (on 02/05/2019)

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