H.R. 2553 — Introduced in House

I 115th CONGRESS 1st Session H. R. 2553 IN THE HOUSE OF REPRESENTATIVES May 19, 2017Mr. 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).