Bill
Bill > HR969
summary
Introduced
02/05/2019
02/05/2019
In Committee
02/05/2019
02/05/2019
Crossed Over
Passed
Dead
12/31/2020
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/969/all-info |
| BillText | https://www.congress.gov/116/bills/hr969/BILLS-116hr969ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr969/BILLS-116hr969ih.pdf.pdf |
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