Us Congress 2025-2026 Regular Session

Us Congress House Bill HB654 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	I
2	2	119THCONGRESS
3	3	1
4	4	STSESSION H. R. 654
5	5	To change the Bureau of Consumer Financial Protection into an independent
6	6	agency named the Consumer Financial Empowerment Agency, to transi-
7	7	tion the Agency to the regular appropriations process, and for other
8	8	purposes.
9	9	IN THE HOUSE OF REPRESENTATIVES
10	10	JANUARY23, 2025
11	11	Mr. B
12	12	ARRintroduced the following bill; which was referred to the Committee
13	13	on Financial Services
14	14	A BILL
15	15	To change the Bureau of Consumer Financial Protection
16	16	into an independent agency named the Consumer Finan-
17	17	cial Empowerment Agency, to transition the Agency to
18	18	the regular appropriations process, and for other pur-
19	19	poses.
20	20	Be it enacted by the Senate and House of Representa-1
21	21	tives of the United States of America in Congress assembled, 2
22	22	SECTION 1. SHORT TITLE. 3
23	23	This Act may be cited as the ‘‘Taking Account of Bu-4
24	24	reaucrats’ Spending Act of 2025’’ or the ‘‘TABS Act of 5
25	25	2025’’. 6
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28	28	•HR 654 IH
29	29	SEC. 2. CONSUMER FINANCIAL EMPOWERMENT AGENCY. 1
30	30	(a) M
31	31	AKING THEBUREAU ANINDEPENDENT CON-2
32	32	SUMERFINANCIALEMPOWERMENT AGENCY.—The Con-3
33	33	sumer Financial Protection Act of 2010 (12 U.S.C. 5481 4
34	34	et seq.) is amended— 5
35	35	(1) in section 1011— 6
36	36	(A) in the heading of such section, by 7
37	37	striking ‘‘
38	38	BUREAU OF CONSUMER FINAN -8
39	39	CIAL PROTECTION ’’ and inserting ‘‘CON-9
40	40	SUMER FINANCIAL EMPOWERMENT AGEN -10
41	41	CY’’; 11
42	42	(B) in subsection (a)— 12
43	43	(i) in the heading of such subsection, 13
44	44	by striking ‘‘B
45	45	UREAU’’ and inserting 14
46	46	‘‘A
47	47	GENCY’’; 15
48	48	(ii) by striking ‘‘in the Federal Re-16
49	49	serve System,’’; 17
50	50	(iii) by striking ‘‘independent bureau’’ 18
51	51	and inserting ‘‘independent agency’’; and 19
52	52	(iv) by striking ‘‘‘Bureau of Con-20
53	53	sumer Financial Protection’’’ and insert-21
54	54	ing ‘‘‘Consumer Financial Empowerment 22
55	55	Agency’ (hereinafter in this section re-23
56	56	ferred to as the ‘Agency’)’’; 24
57	57	(C) in subsection (b)(5), by amending sub-25
58	58	paragraph (A) to read as follows: 26
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61	61	•HR 654 IH
62	62	‘‘(A) shall be appointed by the President; 1
63	63	and’’; 2
64	64	(D) in subsection (c), by striking para-3
65	65	graph (3); 4
66	66	(E) in subsection (e), by striking ‘‘, includ-5
67	67	ing in cities in which the Federal reserve banks, 6
68	68	or branches of such banks, are located,’’; and 7
69	69	(F) by striking ‘‘Bureau’’ each place such 8
70	70	term appears and inserting ‘‘Agency’’; and 9
71	71	(2) in section 1012— 10
72	72	(A) in subsection (a)(10), by striking ‘‘ex-11
73	73	aminations,’’; and 12
74	74	(B) by striking subsection (c). 13
75	75	(b) D
76	76	EEMING OFNAME.—Any reference in a law, 14
77	77	regulation, document, paper, or other record of the United 15
78	78	States to the Bureau of Consumer Financial Protection 16
79	79	shall be deemed a reference to the Consumer Financial 17
80	80	Empowerment Agency. 18
81	81	(c) C
82	82	ONFORMINGAMENDMENTS.— 19
83	83	(1) D
84	84	ODD-FRANK WALL STREET REFORM AND 20
85	85	CONSUMER PROTECTION ACT .—The Dodd-Frank 21
86	86	Wall Street Reform and Consumer Protection Act 22
87	87	(12 U.S.C. 5301 et seq.) is amended— 23
88	88	(A) in the table of contents in section 24
89	89	1(b)— 25
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92	92	•HR 654 IH
93	93	(i) by striking ‘‘Bureau of Consumer 1
94	94	Financial Protection’’ each place such term 2
95	95	appears and inserting ‘‘Consumer Finan-3
96	96	cial Empowerment Agency’’; and 4
97	97	(ii) in the table of contents relating to 5
98	98	title X, in the items relating to subtitle B, 6
99	99	subtitle C, and section 1027, by striking 7
100	100	‘‘Bureau’’ each place such term appears 8
101	101	and inserting ‘‘Agency’’; 9
102	102	(B) in section 2, by amending paragraph 10
103	103	(4) to read as follows: 11
104	104	‘‘(4) A
105	105	GENCY.—The term ‘Agency’ means the 12
106	106	Consumer Financial Empowerment Agency estab-13
107	107	lished under title X.’’; 14
108	108	(C) in section 342 by striking ‘‘Bureau’’ 15
109	109	each place such term appears in headings and 16
110	110	text and inserting ‘‘Agency’’; 17
111	111	(D) in section 1400(b)— 18
112	112	(i) by striking ‘‘Bureau of Consumer 19
113	113	Financial Protection’’ and inserting ‘‘Con-20
114	114	sumer Financial Empowerment Agency’’; 21
115	115	and 22
116	116	(ii) in the subsection heading, by 23
117	117	striking ‘‘B
118	118	UREAU OFCONSUMERFINAN-24
119	119	CIALPROTECTION’’ and inserting ‘‘CON-25
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122	122	•HR 654 IH
123	123	SUMERFINANCIALEMPOWERMENT AGEN-1
124	124	CY’’; 2
125	125	(E) in section 1411(a)(1), by striking ‘‘Bu-3
126	126	reau’’ and inserting ‘‘Agency’’; and 4
127	127	(F) in section 1447, by striking ‘‘Director 5
128	128	of the Bureau’’ each place such term appears 6
129	129	and inserting ‘‘Director of the Consumer Fi-7
130	130	nancial Empowerment Agency’’. 8
131	131	(2) A
132	132	LTERNATIVE MORTGAGE TRANSACTION 9
133	133	PARITY ACT OF 1982 .—The Alternative Mortgage 10
134	134	Transaction Parity Act of 1982 (12 U.S.C. 3801 et 11
135	135	seq.) is amended— 12
136	136	(A) by striking ‘‘Bureau of Consumer Fi-13
137	137	nancial Protection’’ each place such term ap-14
138	138	pears and inserting ‘‘Consumer Financial Em-15
139	139	powerment Agency’’; and 16
140	140	(B) in the subsection heading of subsection 17
141	141	(d) of section 804 (12 U.S.C. 3803(d)), by 18
142	142	striking ‘‘B
143	143	UREAU’’ and inserting ‘‘AGENCY’’. 19
144	144	(3) E
145	145	LECTRONIC FUND TRANSFER ACT .—The 20
146	146	Electronic Fund Transfer Act (15 U.S.C. 1693 et 21
147	147	seq.) is amended— 22
148	148	(A) by amending the second paragraph (4) 23
149	149	(defining the term ‘‘Bureau’’) to read as fol-24
150	150	lows: 25
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153	153	•HR 654 IH
154	154	‘‘(4) the term ‘Agency’ means the Consumer Fi-1
155	155	nancial Empowerment Agency;’’; 2
156	156	(B) in section 916(d)(1), by striking ‘‘Bu-3
157	157	reau of Consumer Financial Protection’’ and in-4
158	158	serting ‘‘Consumer Financial Empowerment 5
159	159	Agency’’; and 6
160	160	(C) by striking ‘‘Bureau’’ each place that 7
161	161	term appears in heading or text and inserting 8
162	162	‘‘Agency’’. 9
163	163	(4) E
164	164	QUAL CREDIT OPPORTUNITY ACT .—The 10
165	165	Equal Credit Opportunity Act (15 U.S.C. 1691 et 11
166	166	seq.) is amended— 12
167	167	(A) in section 702 (15 U.S.C. 1691a), by 13
168	168	amending subsection (c) to read as follows: 14
169	169	‘‘(c) The term ‘Agency’ means the Consumer Finan-15
170	170	cial Empowerment Agency.’’; and 16
171	171	(B) by striking ‘‘Bureau’’ each place that 17
172	172	term appears in heading or text and inserting 18
173	173	‘‘Agency’’. 19
174	174	(5) E
175	175	XPEDITED FUNDS AVAILABILITY ACT .— 20
176	176	The Expedited Funds Availability Act (12 U.S.C. 21
177	177	4001 et seq.) is amended— 22
178	178	(A) by striking ‘‘Bureau of Consumer Fi-23
179	179	nancial Protection’’ each place such term ap-24
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182	182	•HR 654 IH
183	183	pears and inserting ‘‘Consumer Financial Em-1
184	184	powerment Agency’’; and 2
185	185	(B) in the heading of section 605(f)(1), by 3
186	186	striking ‘‘
187	187	BOARD AND BUREAU ’’ and inserting 4
188	188	‘‘B
189	189	OARD AND AGENCY’’. 5
190	190	(6) F
191	191	AIR AND ACCURATE CREDIT TRANS -6
192	192	ACTIONS ACT OF 2003 .—The Fair and Accurate 7
193	193	Credit Transactions Act of 2003 (Public Law 108– 8
194	194	159) is amended by striking ‘‘Bureau’’ each place 9
195	195	such term appears in heading and text and inserting 10
196	196	‘‘Agency’’. 11
197	197	(7) F
198	198	AIR CREDIT REPORTING ACT .—The Fair 12
199	199	Credit Reporting Act (15 U.S.C. 1681 et seq.) is 13
200	200	amended— 14
201	201	(A) by amending section 603(w) to read as 15
202	202	follows: 16
203	203	‘‘(w) A
204	204	GENCY.—The term ‘Agency’ means the Con-17
205	205	sumer Financial Empowerment Agency.’’; and 18
206	206	(B) by striking ‘‘Bureau’’ each place such 19
207	207	term appears, other than in sections 626 and 20
208	208	603(v), and inserting ‘‘Agency’’. 21
209	209	(8) F
210	210	AIR DEBT COLLECTION PRACTICES ACT .— 22
211	211	The Fair Debt Collection Practices Act (15 U.S.C. 23
212	212	1692 et seq.) is amended— 24
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215	215	•HR 654 IH
216	216	(A) by amending section 803(1) to read as 1
217	217	follows: 2
218	218	‘‘(1) The term ‘Agency’ means the Consumer 3
219	219	Financial Empowerment Agency.’’; and 4
220	220	(B) by striking ‘‘Bureau’’ each place such 5
221	221	term appears in heading or text and inserting 6
222	222	‘‘Agency’’. 7
223	223	(9) F
224	224	EDERAL DEPOSIT INSURANCE ACT .—The 8
225	225	Federal Deposit Insurance Act (12 U.S.C. 1811 et 9
226	226	seq.) is amended— 10
227	227	(A) in the second paragraph (6) (with the 11
228	228	heading ‘‘Referral to bureau of consumer finan-12
229	229	cial protection’’) of section 8(t) (12 U.S.C. 13
230	230	1818(t))— 14
231	231	(i) in the paragraph heading, by strik-15
232	232	ing ‘‘
233	233	BUREAU OF CONSUMER FINANCIAL 16
234	234	PROTECTION’’; and inserting ‘‘CONSUMER 17
235	235	FINANCIAL EMPOWERMENT AGENCY ’’; and 18
236	236	(ii) by striking ‘‘Bureau of Consumer 19
237	237	Financial Protection’’ and inserting ‘‘Con-20
238	238	sumer Financial Empowerment Agency’’; 21
239	239	(B) by amending clause (vi) of section 22
240	240	11(t)(2)(A) (12 U.S.C. 1821(t)(2)(A)(vi)) to 23
241	241	read as follows: 24
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244	244	•HR 654 IH
245	245	‘‘(vi) The Consumer Financial Em-1
246	246	powerment Agency.’’; 2
247	247	(C) in section 18(x) (12 U.S.C. 1828(x)), 3
248	248	by striking ‘‘Bureau of Consumer Financial 4
249	249	Protection’’ each place such term appears and 5
250	250	inserting ‘‘Consumer Financial Empowerment 6
251	251	Agency’’; 7
252	252	(D) by striking ‘‘Bureau’’ each place such 8
253	253	term appears and inserting ‘‘Agency’’; and 9
254	254	(E) in section 43(e) (12 U.S.C. 1831t(e)), 10
255	255	by amending paragraph (5) to read as follows: 11
256	256	‘‘(5) A
257	257	GENCY.—The term ‘Agency’ means the 12
258	258	Consumer Financial Empowerment Agency.’’. 13
259	259	(10) F
260	260	EDERAL FINANCIAL INSTITUTIONS EXAM -14
261	261	INATION COUNCIL ACT OF 1978 .—The Federal Fi-15
262	262	nancial Institutions Examination Council Act of 16
263	263	1978 (12 U.S.C. 3301 et seq.) is amended— 17
264	264	(A) in section 1004(a)(4), by striking 18
265	265	‘‘Consumer Financial Protection Bureau’’ and 19
266	266	inserting ‘‘Consumer Financial Empowerment 20
267	267	Agency’’; and 21
268	268	(B) in section 1011, by striking ‘‘Bureau 22
269	269	of Consumer Financial Protection’’ and insert-23
270	270	ing ‘‘Consumer Financial Empowerment Agen-24
271	271	cy’’. 25
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274	274	•HR 654 IH
275	275	(11) FINANCIAL INSTITUTIONS REFORM , RE-1
276	276	COVERY, AND ENFORCEMENT ACT OF 1989 .—The Fi-2
277	277	nancial Institutions Reform, Recovery, and Enforce-3
278	278	ment Act of 1989 (Public Law 101–73; 103 Stat. 4
279	279	183) is amended— 5
280	280	(A) in section 1112(b) (12 U.S.C. 3341), 6
281	281	by striking ‘‘Bureau of Consumer Financial 7
282	282	Protection’’ and inserting ‘‘Consumer Financial 8
283	283	Empowerment Agency’’; 9
284	284	(B) in section 1124 (12 U.S.C. 3353), by 10
285	285	striking ‘‘Bureau of Consumer Financial Pro-11
286	286	tection’’ each place such term appears and in-12
287	287	serting ‘‘Consumer Financial Empowerment 13
288	288	Agency’’; 14
289	289	(C) in section 1125 (12 U.S.C. 3354), by 15
290	290	striking ‘‘Bureau of Consumer Financial Pro-16
291	291	tection’’ each place such term appears and in-17
292	292	serting ‘‘Consumer Financial Empowerment 18
293	293	Agency’’; and 19
294	294	(D) in section 1206(a) (12 U.S.C. 20
295	295	1833b(a)), by striking ‘‘Federal Housing Fi-21
296	296	nance Board’’ and all that follows through 22
297	297	‘‘Farm Credit Administration’’ and inserting 23
298	298	‘‘Federal Housing Finance Agency, the Con-24
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301	301	•HR 654 IH
302	302	sumer Financial Empowerment Agency, and the 1
303	303	Farm Credit Administration’’. 2
304	304	(12) F
305	305	INANCIAL LITERACY AND EDUCATION IM -3
306	306	PROVEMENT ACT.—Section 513 of the Financial Lit-4
307	307	eracy and Education Improvement Act (20 U.S.C. 5
308	308	9702) is amended by striking ‘‘Bureau of Consumer 6
309	309	Financial Protection’’ each place such term appears 7
310	310	and inserting ‘‘Consumer Financial Empowerment 8
311	311	Agency’’. 9
312	312	(13) G
313	313	RAMM-LEACH-BLILEY ACT.—Title V of 10
314	314	the Gramm-Leach-Bliley Act (15 U.S.C. 6801 et 11
315	315	seq.) is amended— 12
316	316	(A) by striking ‘‘Bureau of Consumer Fi-13
317	317	nancial Protection’’ each place such term ap-14
318	318	pears and inserting ‘‘Consumer Financial Em-15
319	319	powerment Agency’’; and 16
320	320	(B) in section 505(a)(8) (15 U.S.C. 17
321	321	6805(a)(8)), by striking ‘‘Bureau’’ and insert-18
322	322	ing ‘‘Agency’’. 19
323	323	(14) H
324	324	OME MORTGAGE DISCLOSURE ACT OF 20
325	325	1975.—The Home Mortgage Disclosure Act of 1975 21
326	326	(12 U.S.C. 2801 et seq.) is amended— 22
327	327	(A) by striking ‘‘Bureau of Consumer Fi-23
328	328	nancial Protection’’ each place such term ap-24
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331	331	•HR 654 IH
332	332	pears and inserting ‘‘Consumer Financial Em-1
333	333	powerment Agency’’; 2
334	334	(B) by striking ‘‘Bureau’’ each place such 3
335	335	term appears and inserting ‘‘Agency’’; and 4
336	336	(C) in section 303, by amending paragraph 5
337	337	(1) to read as follows: 6
338	338	‘‘(1) the term ‘Agency’ means the Consumer Fi-7
339	339	nancial Empowerment Agency;’’. 8
340	340	(15) H
341	341	OMEOWNERS PROTECTION ACT OF 9
342	342	1998.—Section 10(a)(4) of the Homeowners Protec-10
343	343	tion Act of 1998 (12 U.S.C. 4909(a)(4)) is amended 11
344	344	by striking ‘‘Bureau of Consumer Financial Protec-12
345	345	tion’’ and inserting ‘‘Consumer Financial Empower-13
346	346	ment Agency’’. 14
347	347	(16) H
348	348	OME OWNERSHIP AND EQUITY PROTEC -15
349	349	TION ACT OF 1994.—Section 158(a) of the Home 16
350	350	Ownership and Equity Protection Act of 1994 (15 17
351	351	U.S.C. 1601 note) is amended by striking ‘‘Bureau’’ 18
352	352	and inserting ‘‘Consumer Financial Empowerment 19
353	353	Agency’’. 20
354	354	(17) I
355	355	NTERSTATE LAND SALES FULL DISCLO -21
356	356	SURE ACT.—The Interstate Land Sales Full Disclo-22
357	357	sure Act (12 U.S.C. 1701 et seq.) is amended— 23
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360	360	•HR 654 IH
361	361	(A) by striking ‘‘Bureau of Consumer Fi-1
362	362	nancial Protection’’ each place such term ap-2
363	363	pears and inserting ‘‘Agency’’; 3
364	364	(B) in section 1402, by amending para-4
365	365	graph (12) to read as follows: 5
366	366	‘‘(12) ‘Agency’ means the Consumer Financial 6
367	367	Empowerment Agency.’’; and 7
368	368	(C) in section 1416, by striking ‘‘Bureau’’ 8
369	369	each place such term appears and inserting 9
370	370	‘‘Agency’’. 10
371	371	(18) R
372	372	EAL ESTATE SETTLEMENT PROCEDURES 11
373	373	ACT OF 1974.—The Real Estate Settlement Proce-12
374	374	dures Act of 1974 (12 U.S.C. 2601 et seq.) is 13
375	375	amended— 14
376	376	(A) by striking ‘‘Bureau of Consumer Fi-15
377	377	nancial Protection’’ each place such term ap-16
378	378	pears and inserting ‘‘Consumer Financial Em-17
379	379	powerment Agency’’; 18
380	380	(B) by striking ‘‘Bureau’’ each place such 19
381	381	term appears and inserting ‘‘Agency’’; and 20
382	382	(C) in section 3, by amending paragraph 21
383	383	(9) to read as follows: 22
384	384	‘‘(9) the term ‘Agency’ means the Consumer Fi-23
385	385	nancial Empowerment Agency.’’. 24
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388	388	•HR 654 IH
389	389	(19) REVISED STATUES OF THE UNITED 1
390	390	STATES.—Section 5136C(b)(3)(B) of the Revised 2
391	391	Statutes of the United States (12 U.S.C. 3
392	392	25b(b)(3)(B)) is amended by striking ‘‘Bureau of 4
393	393	Consumer Financial Protection’’ and inserting ‘‘Con-5
394	394	sumer Financial Empowerment Agency’’. 6
395	395	(20) R
396	396	IGHT TO FINANCIAL PRIVACY ACT OF 7
397	397	1978.—The Right to Financial Privacy Act of 1978 8
398	398	(12 U.S.C. 3401 et seq.) is amended— 9
399	399	(A) by amending subparagraph (B) of sec-10
400	400	tion 1101(7) (12 U.S.C. 3401(7)(B)) to read as 11
401	401	follows: 12
402	402	‘‘(B) the Consumer Financial Empower-13
403	403	ment Agency;’’; and 14
404	404	(B) by striking ‘‘Bureau of Consumer Fi-15
405	405	nancial Protection’’ each place such term ap-16
406	406	pears in heading or text and inserting ‘‘Con-17
407	407	sumer Financial Empowerment Agency’’. 18
408	408	(21) S.A.F.E.
409	409	MORTGAGE LICENSING ACT OF 19
410	410	2008.—The S.A.F.E. Mortgage Licensing Act of 20
411	411	2008 (12 U.S.C. 5101 et seq.) is amended— 21
412	412	(A) in section 1507, by striking ‘‘Bureau, 22
413	413	and the Bureau of Consumer Financial Protec-23
414	414	tion’’ each place such term appears and insert-24
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417	417	•HR 654 IH
418	418	ing ‘‘Consumer Financial Empowerment Agen-1
419	419	cy’’; 2
420	420	(B) by striking ‘‘Bureau of Consumer Fi-3
421	421	nancial Protection’’ each place such term ap-4
422	422	pears and inserting ‘‘Consumer Financial Em-5
423	423	powerment Agency’’; 6
424	424	(C) by striking ‘‘Bureau’’ each place such 7
425	425	appears, other than in sections 1505(a)(1), 8
426	426	1507(a)(2)(A), and 1511(b), and inserting 9
427	427	‘‘Agency’’; 10
428	428	(D) in section 1503, by amending para-11
429	429	graph (1) to read as follows: 12
430	430	‘‘(1) A
431	431	GENCY.—The term ‘Agency’ means the 13
432	432	Consumer Financial Empowerment Agency.’’; 14
433	433	(E) in the heading of section 1508, by 15
434	434	striking ‘‘
435	435	BUREAU OF CONSUMER FINAN -16
436	436	CIAL PROTECTION ’’ and inserting ‘‘CON-17
437	437	SUMER FINANCIAL EMPOWERMENT AGEN -18
438	438	CY’’; and 19
439	439	(F) in the heading of section 1514, by 20
440	440	striking ‘‘
441	441	BUREAU’’ and inserting ‘‘AGENCY’’. 21
442	442	(22) T
443	443	ELEMARKETING AND CONSUMER FRAUD 22
444	444	AND ABUSE PREVENTION ACT .—The Telemarketing 23
445	445	and Consumer Fraud and Abuse Prevention Act (15 24
446	446	U.S.C. 6101 et seq.) is amended by striking ‘‘Bu-25
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449	449	•HR 654 IH
450	450	reau of Consumer Financial Protection’’ each place 1
451	451	such term appears in heading or text and inserting 2
452	452	‘‘Consumer Financial Empowerment Agency’’. 3
453	453	(23) T
454	454	ITLE 5, UNITED STATES CODE .—Title 5, 4
455	455	United States Code, is amended— 5
456	456	(A) in section 552a(w)— 6
457	457	(i) in the subsection heading, by strik-7
458	458	ing ‘‘B
459	459	UREAU OFCONSUMERFINANCIAL 8
460	460	P
461	461	ROTECTION’’ and inserting ‘‘CONSUMER 9
462	462	F
463	463	INANCIALEMPOWERMENT AGENCY’’; and 10
464	464	(ii) by striking ‘‘Bureau of Consumer 11
465	465	Financial Protection’’ and inserting ‘‘Con-12
466	466	sumer Financial Empowerment Agency’’; 13
467	467	(B) in section 609(d)(2), by striking ‘‘Con-14
468	468	sumer Financial Protection Bureau of the Fed-15
469	469	eral Reserve System’’ and inserting ‘‘Consumer 16
470	470	Financial Empowerment Agency’’; and 17
471	471	(C) in section 3132(a)(1)(D), by striking 18
472	472	‘‘Bureau of Consumer Financial Protection’’ 19
473	473	and inserting ‘‘Consumer Financial Empower-20
474	474	ment Agency’’. 21
475	475	(24) T
476	476	ITLE 10, UNITED STATES CODE.— 22
477	477	(A) S
478	478	ECTION 987.—Section 987(h)(3)(E) 23
479	479	of title 10, United States Code, is amended by 24
480	480	striking ‘‘Bureau of Consumer Financial Pro-25
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483	483	•HR 654 IH
484	484	tection’’ and inserting ‘‘Consumer Financial 1
485	485	Empowerment Agency’’. 2
486	486	(B) NDAA
487	487	FY 2015.—Section 557(a) of 3
488	488	the Carl Levin and Howard P. ‘‘Buck’’ McKeon 4
489	489	National Defense Authorization Act for Fiscal 5
490	490	Year 2015 (Public Law 113–29; 128 Stat. 6
491	491	3381; 10 U.S.C. 1144 note), is amended by 7
492	492	striking ‘‘Consumer Financial Protection Bu-8
493	493	reau’’ each place such term appears and insert-9
494	494	ing ‘‘Consumer Financial Empowerment Agen-10
495	495	cy’’. 11
496	496	(25) T
497	497	ITLE 44, UNITED STATES CODE .—Title 12
498	498	44, United States Code, is amended— 13
499	499	(A) in section 3502(5), by striking ‘‘the 14
500	500	Bureau of Consumer Financial Protection,’’; 15
501	501	and 16
502	502	(B) in section 3513(c), by striking ‘‘Bu-17
503	503	reau of Consumer Financial Protection’’ and in-18
504	504	serting ‘‘Consumer Financial Empowerment 19
505	505	Agency’’. 20
506	506	(26) T
507	507	RUTH IN LENDING ACT .—The Truth in 21
508	508	Lending Act (15 U.S.C. 1601 et seq.) is amended— 22
509	509	(A) by amending section 103(b) (15 U.S.C. 23
510	510	1602(b)) to read as follows: 24
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513	513	•HR 654 IH
514	514	‘‘(b) AGENCY.—The term ‘Agency’ means the Con-1
515	515	sumer Financial Empowerment Agency.’’; 2
516	516	(B) by amending section 103(c) (15 U.S.C. 3
517	517	1602(c)) to read as follows: 4
518	518	‘‘(c) B
519	519	OARD.—The term ‘Board’ means the Board of 5
520	520	Governors of the Federal Reserve System.’’; 6
521	521	(C) in section 128(f) (15 U.S.C. 1638(f)), 7
522	522	by striking ‘‘Board’’ each place such term ap-8
523	523	pears and inserting ‘‘Agency’’; 9
524	524	(D) in sections 129B (15 U.S.C. 1639b) 10
525	525	and 129C (15 U.S.C. 1639c), by striking 11
526	526	‘‘Board’’ each place such term appears and in-12
527	527	serting ‘‘Agency’’; 13
528	528	(E) in section 140A (15 U.S.C. 1651), by 14
529	529	striking ‘‘in consultation with the Bureau’’ and 15
530	530	inserting ‘‘in consultation with the Federal 16
531	531	Trade Commission’’; 17
532	532	(F) by striking ‘‘Bureau’’ each place such 18
533	533	term appears in heading or text and inserting 19
534	534	‘‘Agency’’; and 20
535	535	(G) by striking ‘‘
536	536	BUREAU’’ and inserting 21
537	537	‘‘A
538	538	GENCY’’ in the paragraph headings for— 22
539	539	(i) section 122(d)(2) (15 U.S.C. 23
540	540	1632(d)(2)); 24
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543	543	•HR 654 IH
544	544	(ii) section 127(c)(5) (15 U.S.C. 1
545	545	1637(c)(5)); 2
546	546	(iii) section 127(r)(3) (15 U.S.C. 3
547	547	1637(r)(3)); and 4
548	548	(iv) section 127A(a)(14) (15 U.S.C. 5
549	549	1637a(a)(14)). 6
550	550	(27) T
551	551	RUTH IN SAVINGS ACT .—The Truth in 7
552	552	Savings Act (12 U.S.C. 4301 et seq.) is amended— 8
553	553	(A) by amending paragraph (4) of section 9
554	554	274 (12 U.S.C. 4313(4)) to read as follows: 10
555	555	‘‘(4) A
556	556	GENCY.—The term ‘Agency’ means the 11
557	557	Consumer Financial Empowerment Agency.’’; 12
558	558	(B) by striking ‘‘National Credit Union 13
559	559	Administration Bureau’’ each place such term 14
560	560	appears and inserting ‘‘National Credit Union 15
561	561	Administration Board’’; and 16
562	562	(C) by striking ‘‘Bureau’’ each place such 17
563	563	term appears and inserting ‘‘Agency’’, except in 18
564	564	section 233(b)(4)(B). 19
565	565	SEC. 3. BRINGING THE AGENCY INTO THE REGULAR AP-20
566	566	PROPRIATIONS PROCESS. 21
567	567	Section 1017 of the Consumer Financial Protection 22
568	568	Act of 2010 (12 U.S.C. 5497) is amended— 23
569	569	(1) in subsection (a)— 24
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572	572	•HR 654 IH
573	573	(A) by amending the heading of such sub-1
574	574	section to read as follows: ‘‘B
575	575	UDGET, FINAN-2
576	576	CIALMANAGEMENT, ANDAUDIT.—’’; 3
577	577	(B) by striking paragraphs (1), (2), and 4
578	578	(3); 5
579	579	(C) by redesignating paragraphs (4) and 6
580	580	(5) as paragraphs (1) and (2), respectively; and 7
581	581	(D) by striking subparagraphs (E) and (F) 8
582	582	of paragraph (1), as so redesignated; 9
583	583	(2) by striking subsections (b) and (c); 10
584	584	(3) by redesignating subsections (d) and (e) as 11
585	585	subsections (b) and (c), respectively; and 12
586	586	(4) in subsection (c), as so redesignated— 13
587	587	(A) by striking paragraphs (1), (2), and 14
588	588	(3) and inserting the following: 15
589	589	‘‘(1) A
590	590	UTHORIZATION OF APPROPRIATIONS .— 16
591	591	There are authorized to be appropriated such sums 17
592	592	as may be necessary to carry out this title for each 18
593	593	of fiscal years 2026 and 2027.’’; and 19
594	594	(B) by redesignating paragraph (4) as 20
595	595	paragraph (2). 21
596	596	Æ
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