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Renaming and Funding Shift for Consumer Financial Protection Bureau

This bill renames the Bureau of Consumer Financial Protection to the Consumer Financial Empowerment Agency. A key change is moving the agency to the regular appropriations process, meaning its funding will depend on annual Congressional decisions rather than independent sources. This aims to increase oversight of the agency's spending.
Key points
The Bureau of Consumer Financial Protection (CFPB) will be renamed the Consumer Financial Empowerment Agency (CFEA).
The agency's funding will come from the federal budget, giving Congress more control over its expenditures and operations.
These changes aim to enhance transparency and accountability in the agency's management of public funds.
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Expired
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Additional Information
Print number: 118_HR_1382
Sponsor: Rep. Barr, Andy [R-KY-6]
Process start date: 2023-03-07
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

TABS Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_1382.

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 2023-03-07.

What are the main provisions?

Key points include:

  • The Bureau of Consumer Financial Protection (CFPB) will be renamed the Consumer Financial Empowerment Agency (CFEA).
  • The agency's funding will come from the federal budget, giving Congress more control over its expenditures and operations.
  • These changes aim to enhance transparency and accountability in the agency's management of public funds.
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 2025-12-24.

CATEGORIES

Economy Courts and Law