H.R. 2553 – TABS Act of 2017

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Updated April 15, 2026 at 3:36 PM UTC

The TABS Act of 2017 changes how the Consumer Financial Protection Bureau (CFPB) gets its money. It moves the bureau from its existing funding method into the standard congressional appropriations process, meaning the bureau will receive yearly budget allocations like other federal agencies. The change applies to the CFPB for fiscal years 2018 and 2019.

Key Provisions

Amends the Consumer Financial Protection Act to place the CFPB under the regular appropriations process, allowing Congress to appropriate funds each fiscal year.
Specifies that appropriations are authorized for the bureau for fiscal years 2018 and 2019.
Rewrites and renumbers parts of the existing law to reflect the new budgeting and audit provisions.

Legislative Activity

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1 earlier action

HouseIntro Referral Latest Action

Referred to the House Committee on Financial Services.

Financial Services Committee

May 19, 2017

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HouseIntro Referral

Introduced in House

May 19, 2017

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

May 19, 2017

Bill Text

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Introduced in HouseIssued May 19, 2017

I

115th CONGRESS

1st Session

H. R. 2553

IN THE HOUSE OF REPRESENTATIVES

May 19, 2017

Mr. Barr (for himself, Mr. Tipton, Mr. Rothfus, Mrs. Love, Mrs. Wagner, Mr. Duffy, Ms. Tenney, Mr. Loudermilk, Mr. Stivers, Mr. Hultgren, Mr. Pittenger, Mr. Emmer, Mr. Hollingsworth, Mr. Davidson, Mr. Trott, and Mr. Williams) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Consumer Financial Protection Act of 2010 to bring the Bureau of Consumer Financial Protection into the regular appropriations process, and for other purposes.

1.

Short title

This Act may be cited as the Taking Account of Bureaucrats’ Spending Act of 2017 or the TABS Act of 2017.

2.

Bringing the Bureau into the regular appropriations process

Section 1017 of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5497) is amended—

(1)

in subsection (a)—

(A)

by amending the heading of such subsection to read as follows: Budget, financial 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 2018 and 2019.

; and

(B)

by redesignating paragraph (4) as paragraph (2).