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Changes to Consumer Bureau Funding: Increased Budgetary Oversight.

This act aims to change how the Consumer Financial Protection Bureau (CFPB) is funded, moving it from an independent funding source to the regular congressional appropriations process. This means Congress will have more control over how much money the Bureau can spend, potentially impacting its consumer protection activities.
Key points
The Consumer Financial Protection Bureau (CFPB) will be funded by Congress, not independent sources, increasing public oversight.
This change may affect the Bureau's ability to conduct consumer protection activities, depending on allocated funds.
The act authorizes appropriations for fiscal years 2021 and 2022, meaning funding will require annual congressional approval.
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Expired
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Additional Information
Print number: 117_HR_790
Sponsor: Rep. Barr, Andy [R-KY-6]
Process start date: 2021-02-04
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

TABS Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_790.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-02-04.

What are the main provisions?

Key points include:

  • The Consumer Financial Protection Bureau (CFPB) will be funded by Congress, not independent sources, increasing public oversight.
  • This change may affect the Bureau's ability to conduct consumer protection activities, depending on allocated funds.
  • The act authorizes appropriations for fiscal years 2021 and 2022, meaning funding will require annual congressional approval.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Barr, Andy [R-KY-6].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Economy Courts and Law