\I 
118TH CONGRESS 
1ST SESSION H. R. 1382 
To change the Bureau of Consumer Financial Protection into an independent 
agency named the Consumer Financial Empowerment Agency, to transi-
tion the Agency to the regular appropriations process, and for other 
purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 7, 2023 
Mr. BARR (for himself, Mrs. KIM of California, Mr. DONALDS, Mr. DAVIDSON, 
Mr. WILLIAMS of Texas, Mr. MOONEY, Mr. FLOOD, Mr. HILL, Mr. 
EMMER, Mr. MEUSER, Mr. STEIL, Mr. FITZGERALD, Mr. LOUDERMILK, 
Mrs. HOUCHIN, Mr. LUETKEMEYER, Mrs. WAGNER, Mr. LAWLER, Ms. 
DE LA CRUZ, Mr. TIMMONS, and Mr. POSEY) introduced the following 
bill; which was referred to the Committee on Financial Services 
A BILL 
To change the Bureau of Consumer Financial Protection 
into an independent agency named the Consumer Finan-
cial Empowerment Agency, to transition the Agency to 
the regular appropriations process, and for other pur-
poses. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Taking Account of Bu-
reaucrats’ Spending Act of 2023’’ or the ‘‘TABS Act of 
2023’’. 
SEC. 2. CONSUMER FINANCIAL EMPOWERMENT AGENCY. 
(a) MAKING THE BUREAU AN INDEPENDENT CON-
SUMER FINANCIAL EMPOWERMENT AGENCY.—The Con-
sumer Financial Protection Act of 2010 (12 U.S.C. 5481 
et seq.) is amended— 
(1) in section 1011— 
(A) in the heading of such section, by 
striking ‘‘BUREAU
OF
CONSUMER
FINAN-
CIAL
PROTECTION’’ and inserting ‘‘CON-
SUMER FINANCIAL EMPOWERMENT AGEN-
CY’’; 
(B) in subsection (a)— 
(i) in the heading of such subsection, 
by striking ‘‘BUREAU’’ and inserting 
‘‘AGENCY’’; 
(ii) by striking ‘‘in the Federal Re-
serve System,’’; 
(iii) by striking ‘‘independent bureau’’ 
and inserting ‘‘independent agency’’; and 
(iv) by striking ‘‘ ‘Bureau of Con-
sumer Financial Protection’ ’’ and insert-
ing ‘‘ ‘Consumer Financial Empowerment 
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Agency’ (hereinafter in this section re-
ferred to as the ‘Agency’)’’; 
(C) in subsection (b)(5), by amending sub-
paragraph (A) to read as follows: 
‘‘(A) shall be appointed by the President; 
and’’; 
(D) in subsection (c), by striking para-
graph (3); 
(E) in subsection (e), by striking ‘‘, includ-
ing in cities in which the Federal reserve banks, 
or branches of such banks, are located,’’; and 
(F) by striking ‘‘Bureau’’ each place such 
term appears and inserting ‘‘Agency’’; and 
(2) in section 1012— 
(A) in subsection (a)(10), by striking ‘‘ex-
aminations,’’; and 
(B) by striking subsection (c). 
(b) DEEMING OF NAME.—Any reference in a law, 
regulation, document, paper, or other record of the United 
States to the Bureau of Consumer Financial Protection 
shall be deemed a reference to the Consumer Financial 
Empowerment Agency. 
(c) CONFORMING AMENDMENTS.— 
(1) DODD-FRANK WALL STREET REFORM AND 
CONSUMER
PROTECTION
ACT.—The Dodd-Frank 
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Wall Street Reform and Consumer Protection Act 
(12 U.S.C. 5301 et seq.) is amended— 
(A) in the table of contents in section 
1(b)— 
(i) by striking ‘‘Bureau of Consumer 
Financial Protection’’ each place such term 
appears and inserting ‘‘Consumer Finan-
cial Empowerment Agency’’; and 
(ii) in the table of contents relating to 
title X, in the items relating to subtitle B, 
subtitle C, and section 1027, by striking 
‘‘Bureau’’ each place such term appears 
and inserting ‘‘Agency’’; 
(B) in section 2, by amending paragraph 
(4) to read as follows: 
‘‘(4) AGENCY.—The term ‘Agency’ means the 
Consumer Financial Empowerment Agency estab-
lished under title X.’’; 
(C) in section 342 by striking ‘‘Bureau’’ 
each place such term appears in headings and 
text and inserting ‘‘Agency’’; 
(D) in section 1400(b)— 
(i) by striking ‘‘Bureau of Consumer 
Financial Protection’’ and inserting ‘‘Con-
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sumer Financial Empowerment Agency’’; 
and 
(ii) in the subsection heading, by 
striking ‘‘BUREAU OF CONSUMER FINAN-
CIAL PROTECTION’’ and inserting ‘‘CON-
SUMER FINANCIAL EMPOWERMENT AGEN-
CY’’; 
(E) in section 1411(a)(1), by striking ‘‘Bu-
reau’’ and inserting ‘‘Agency’’; and 
(F) in section 1447, by striking ‘‘Director 
of the Bureau’’ each place such term appears 
and inserting ‘‘Director of the Consumer Fi-
nancial Empowerment Agency’’. 
(2) ALTERNATIVE
MORTGAGE
TRANSACTION 
PARITY
ACT
OF
1982.—The Alternative Mortgage 
Transaction Parity Act of 1982 (12 U.S.C. 3801 et 
seq.) is amended— 
(A) by striking ‘‘Bureau of Consumer Fi-
nancial Protection’’ each place such term ap-
pears and inserting ‘‘Consumer Financial Em-
powerment Agency’’; and 
(B) in the subsection heading of subsection 
(d) of section 804 (12 U.S.C. 3803(d)), by 
striking ‘‘BUREAU’’ and inserting ‘‘AGENCY’’. 
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(3) ELECTRONIC FUND TRANSFER ACT.—The 
Electronic Fund Transfer Act (15 U.S.C. 1693 et 
seq.) is amended— 
(A) by amending the second paragraph (4) 
(defining the term ‘‘Bureau’’) to read as fol-
lows: 
‘‘(4) the term ‘Agency’ means the Consumer Fi-
nancial Empowerment Agency;’’; 
(B) in section 916(d)(1), by striking ‘‘Bu-
reau of Consumer Financial Protection’’ and in-
serting ‘‘Consumer Financial Empowerment 
Agency’’; and 
(C) by striking ‘‘Bureau’’ each place that 
term appears in heading or text and inserting 
‘‘Agency’’. 
(4) EQUAL
CREDIT
OPPORTUNITY
ACT.—The 
Equal Credit Opportunity Act (15 U.S.C. 1691 et 
seq.) is amended— 
(A) in section 702 (15 U.S.C. 1691a), by 
amending subsection (c) to read as follows: 
‘‘(c) The term ‘Agency’ means the Consumer Finan-
cial Empowerment Agency.’’; and 
(B) by striking ‘‘Bureau’’ each place that 
term appears in heading or text and inserting 
‘‘Agency’’. 
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(5) EXPEDITED
FUNDS
AVAILABILITY
ACT.— 
The Expedited Funds Availability Act (12 U.S.C. 
4001 et seq.) is amended— 
(A) by striking ‘‘Bureau of Consumer Fi-
nancial Protection’’ each place such term ap-
pears and inserting ‘‘Consumer Financial Em-
powerment Agency’’; and 
(B) in the heading of section 605(f)(1), by 
striking ‘‘BOARD AND BUREAU’’ and inserting 
‘‘BOARD AND AGENCY’’. 
(6) FAIR
AND
ACCURATE
CREDIT
TRANS-
ACTIONS
ACT
OF
2003.—The Fair and Accurate 
Credit Transactions Act of 2003 (Public Law 108– 
159) is amended by striking ‘‘Bureau’’ each place 
such term appears in heading and text and inserting 
‘‘Agency’’. 
(7) FAIR CREDIT REPORTING ACT.—The Fair 
Credit Reporting Act (15 U.S.C. 1681 et seq.) is 
amended— 
(A) by amending section 603(w) to read as 
follows: 
‘‘(w) AGENCY.—The term ‘Agency’ means the Con-
sumer Financial Empowerment Agency.’’; and 
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(B) by striking ‘‘Bureau’’ each place such 
term appears, other than in sections 626 and 
603(v), and inserting ‘‘Agency’’. 
(8) FAIR DEBT COLLECTION PRACTICES ACT.— 
The Fair Debt Collection Practices Act (15 U.S.C. 
1692 et seq.) is amended— 
(A) by amending section 803(1) to read as 
follows: 
‘‘(1) The term ‘Agency’ means the Consumer 
Financial Empowerment Agency.’’; and 
(B) by striking ‘‘Bureau’’ each place such 
term appears in heading or text and inserting 
‘‘Agency’’. 
(9) FEDERAL DEPOSIT INSURANCE ACT.—The 
Federal Deposit Insurance Act (12 U.S.C. 1811 et 
seq.) is amended— 
(A) in the second paragraph (6) (with the 
heading ‘‘Referral to bureau of consumer finan-
cial protection’’) of section 8(t) (12 U.S.C. 
1818(t))— 
(i) in the paragraph heading, by strik-
ing ‘‘BUREAU
OF
CONSUMER
FINANCIAL 
PROTECTION’’; and inserting ‘‘CONSUMER 
FINANCIAL EMPOWERMENT AGENCY’’; and 
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(ii) by striking ‘‘Bureau of Consumer 
Financial Protection’’ and inserting ‘‘Con-
sumer Financial Empowerment Agency’’; 
(B) by amending clause (vi) of section 
11(t)(2)(A) (12 U.S.C. 1821(t)(2)(A)(vi)) to 
read as follows: 
‘‘(vi) The Consumer Financial Em-
powerment Agency.’’; 
(C) in section 18(x) (12 U.S.C. 1828(x)), 
by striking ‘‘Bureau of Consumer Financial 
Protection’’ each place such term appears and 
inserting ‘‘Consumer Financial Empowerment 
Agency’’; 
(D) by striking ‘‘Bureau’’ each place such 
term appears and inserting ‘‘Agency’’; and 
(E) in section 43(e) (12 U.S.C. 1831t(e)), 
by amending paragraph (5) to read as follows: 
‘‘(5) AGENCY.—The term ‘Agency’ means the 
Consumer Financial Empowerment Agency.’’. 
(10) FEDERAL FINANCIAL INSTITUTIONS EXAM-
INATION COUNCIL ACT OF 1978.—The Federal Fi-
nancial Institutions Examination Council Act of 
1978 (12 U.S.C. 3301 et seq.) is amended— 
(A) in section 1004(a)(4), by striking 
‘‘Consumer Financial Protection Bureau’’ and 
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‘‘(9) the term ‘Agency’ means the Consumer Fi-
nancial Empowerment Agency.’’. 
(19) REVISED
STATUES
OF
THE
UNITED 
STATES.—Section 5136C(b)(3)(B) of the Revised 
Statutes 
of 
the 
United 
States 
(12 
U.S.C. 
25b(b)(3)(B)) is amended by striking ‘‘Bureau of 
Consumer Financial Protection’’ and inserting ‘‘Con-
sumer Financial Empowerment Agency’’. 
(20) RIGHT
TO
FINANCIAL
PRIVACY
ACT
OF 
1978.—The Right to Financial Privacy Act of 1978 
(12 U.S.C. 3401 et seq.) is amended— 
(A) by amending subparagraph (B) of sec-
tion 1101(7) (12 U.S.C. 3401(7)(B)) to read as 
follows: 
‘‘(B) the Consumer Financial Empower-
ment Agency;’’; and 
(B) by striking ‘‘Bureau of Consumer Fi-
nancial Protection’’ each place such term ap-
pears in heading or text and inserting ‘‘Con-
sumer Financial Empowerment Agency’’. 
(21) S.A.F.E. MORTGAGE LICENSING ACT OF 
2008.—The S.A.F.E. Mortgage Licensing Act of 
2008 (12 U.S.C. 5101 et seq.) is amended— 
(A) in section 1507, by striking ‘‘Bureau, 
and the Bureau of Consumer Financial Protec-
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tion’’ each place such term appears and insert-
ing ‘‘Consumer Financial Empowerment Agen-
cy’’; 
(B) by striking ‘‘Bureau of Consumer Fi-
nancial Protection’’ each place such term ap-
pears and inserting ‘‘Consumer Financial Em-
powerment Agency’’; 
(C) by striking ‘‘Bureau’’ each place such 
appears, other than in sections 1505(a)(1), 
1507(a)(2)(A), and 1511(b), and inserting 
‘‘Agency’’; 
(D) in section 1503, by amending para-
graph (1) to read as follows: 
‘‘(1) AGENCY.—The term ‘Agency’ means the 
Consumer Financial Empowerment Agency.’’; 
(E) in the heading of section 1508, by 
striking ‘‘BUREAU
OF
CONSUMER
FINAN-
CIAL
PROTECTION’’ and inserting ‘‘CON-
SUMER FINANCIAL EMPOWERMENT AGEN-
CY’’; and 
(F) in the heading of section 1514, by 
striking ‘‘BUREAU’’ and inserting ‘‘AGENCY’’. 
(22) TELEMARKETING AND CONSUMER FRAUD 
AND ABUSE PREVENTION ACT.—The Telemarketing 
and Consumer Fraud and Abuse Prevention Act (15 
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U.S.C. 6101 et seq.) is amended by striking ‘‘Bu-
reau of Consumer Financial Protection’’ each place 
such term appears in heading or text and inserting 
‘‘Consumer Financial Empowerment Agency’’. 
(23) TITLE 5, UNITED STATES CODE.—Title 5, 
United States Code, is amended— 
(A) in section 552a(w)— 
(i) in the subsection heading, by strik-
ing ‘‘BUREAU OF CONSUMER FINANCIAL 
PROTECTION’’ and inserting ‘‘CONSUMER 
FINANCIAL EMPOWERMENT AGENCY’’; and 
(ii) by striking ‘‘Bureau of Consumer 
Financial Protection’’ and inserting ‘‘Con-
sumer Financial Empowerment Agency’’; 
(B) in section 609(d)(2), by striking ‘‘Con-
sumer Financial Protection Bureau of the Fed-
eral Reserve System’’ and inserting ‘‘Consumer 
Financial Empowerment Agency’’; and 
(C) in section 3132(a)(1)(D), by striking 
‘‘Bureau of Consumer Financial Protection’’ 
and inserting ‘‘Consumer Financial Empower-
ment Agency’’. 
(24) TITLE 10, UNITED STATES CODE.— 
(A) SECTION
987.—Section 987(h)(3)(E) 
of title 10, United States Code, is amended by 
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striking ‘‘Bureau of Consumer Financial Pro-
tection’’ and inserting ‘‘Consumer Financial 
Empowerment Agency’’. 
(B) NDAA FY
2015.—Section 557(a) of 
the Carl Levin and Howard P. ‘‘Buck’’ McKeon 
National Defense Authorization Act for Fiscal 
Year 2015 (Public Law 113–29; 128 Stat. 
3381; 10 U.S.C. 1144 note), is amended by 
striking ‘‘Consumer Financial Protection Bu-
reau’’ each place such term appears and insert-
ing ‘‘Consumer Financial Empowerment Agen-
cy’’. 
(25) TITLE 44, UNITED STATES CODE.—Title 
44, United States Code, is amended— 
(A) in section 3502(5), by striking ‘‘the 
Bureau of Consumer Financial Protection,’’; 
and 
(B) in section 3513(c), by striking ‘‘Bu-
reau of Consumer Financial Protection’’ and in-
serting ‘‘Consumer Financial Empowerment 
Agency’’. 
(26) TRUTH IN LENDING ACT.—The Truth in 
Lending Act (15 U.S.C. 1601 et seq.) is amended— 
(A) by amending section 103(b) (15 U.S.C. 
1602(b)) to read as follows: 
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‘‘(b) AGENCY.—The term ‘Agency’ means the Con-
sumer Financial Empowerment Agency.’’; 
(B) by amending section 103(c) (15 U.S.C. 
1602(c)) to read as follows: 
‘‘(c) BOARD.—The term ‘Board’ means the Board of 
Governors of the Federal Reserve System.’’; 
(C) in section 128(f) (15 U.S.C. 1638(f)), 
by striking ‘‘Board’’ each place such term ap-
pears and inserting ‘‘Agency’’; 
(D) in sections 129B (15 U.S.C. 1639b) 
and 129C (15 U.S.C. 1639c), by striking 
‘‘Board’’ each place such term appears and in-
serting ‘‘Agency’’; 
(E) in section 140A (15 U.S.C. 1651), by 
striking ‘‘in consultation with the Bureau’’ and 
inserting ‘‘in consultation with the Federal 
Trade Commission’’; 
(F) by striking ‘‘Bureau’’ each place such 
term appears in heading or text and inserting 
‘‘Agency’’; and 
(G) by striking ‘‘BUREAU’’ and inserting 
‘‘AGENCY’’ in the paragraph headings for— 
(i) section 122(d)(2) (15 U.S.C. 
1632(d)(2)); 
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(ii) section 127(c)(5) (15 U.S.C. 
1637(c)(5)); 
(iii) section 127(r)(3) (15 U.S.C. 
1637(r)(3)); and 
(iv) section 127A(a)(14) (15 U.S.C. 
1637a(a)(14)). 
(27) TRUTH IN SAVINGS ACT.—The Truth in 
Savings Act (12 U.S.C. 4301 et seq.) is amended— 
(A) by amending paragraph (4) of section 
274 (12 U.S.C. 4313(4)) to read as follows: 
‘‘(4) AGENCY.—The term ‘Agency’ means the 
Consumer Financial Empowerment Agency.’’; 
(B) by striking ‘‘National Credit Union 
Administration Bureau’’ each place such term 
appears and inserting ‘‘National Credit Union 
Administration Board’’; and 
(C) by striking ‘‘Bureau’’ each place such 
term appears and inserting ‘‘Agency’’, except in 
section 233(b)(4)(B). 
SEC. 3. BRINGING THE AGENCY INTO THE REGULAR AP-
PROPRIATIONS PROCESS. 
Section 1017 of the Consumer Financial Protection 
Act of 2010 (12 U.S.C. 5497) is amended— 
(1) in subsection (a)— 
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(A) by amending the heading of such sub-
section to read as follows: ‘‘BUDGET, FINAN-
CIAL MANAGEMENT, AND AUDIT.—’’; 
(B) by striking paragraphs (1), (2), and 
(3); 
(C) by redesignating paragraphs (4) and 
(5) as paragraphs (1) and (2), respectively; and 
(D) by striking subparagraphs (E) and (F) 
of paragraph (1), as so redesignated; 
(2) by striking subsections (b) and (c); 
(3) by redesignating subsections (d) and (e) as 
subsections (b) and (c), respectively; and 
(4) in subsection (c), as so redesignated— 
(A) by striking paragraphs (1), (2), and 
(3) and inserting the following: 
‘‘(1) AUTHORIZATION
OF
APPROPRIATIONS.— 
There are authorized to be appropriated such sums 
as may be necessary to carry out this title for each 
of fiscal years 2024 and 2025.’’; and 
(B) by redesignating paragraph (4) as 
paragraph (2). 
Æ 
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