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US HR2553

US HR2553
TABS Act of 2017 Taking Account of Bureaucrats' Spending Act of 2017


summary

Introduced
05/19/2017
In Committee
05/19/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

TABS Act of 2017 Taking Account of Bureaucrats' Spending Act of 2017 This bill amends the Consumer Financial Protection Act of 2010 to eliminate provisions 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 2017, amends the Consumer Financial Protection Act of 2010 to eliminate the provisions that fund the Consumer Financial Protection Bureau (CFPB) through transfers from the earnings of the Federal Reserve System. This change brings the CFPB under the regular appropriations process, removing its ability to be funded outside of the annual congressional appropriations. The bill authorizes the necessary appropriations for the CFPB to carry out its activities for fiscal years 2018 and 2019.

Committee Categories

Business and Industry

Sponsors (35)

Last Action

Referred to the House Committee on Financial Services. (on 05/19/2017)

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