Taking Account of Bureaucrats' Spending Act of 2019 or the TABS Act of 201 9 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.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Introduced in House
Referred to the House Committee on Financial Services.
Finance and Financial Sector
AppropriationsConsumer creditConsumer Financial Protection BureauExecutive agency funding and structureFederal Reserve SystemFinancial services and investments
TABS Act of 2019
USA116th CongressHR-969| House
| Updated: 2/5/2019
Taking Account of Bureaucrats' Spending Act of 2019 or the TABS Act of 201 9 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.