,i #aaith ,,congress #ast ,session ,h4 ,r4 #fed ,,in ,,the ,,house ,,of ,,representatives ,january #bc1 #bjbe,mr4 ,barr introduced the following bill2 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 ,financial ,empowerment ,agency1 to transition the ,agency to the regular appropriations process1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,taking ,account of ,bureaucrats' ,spending ,act of #bjbe or the ,,tabs ,act of #bjbe4 #b4 ,consumer ,financial ,empowerment ,agency 7a7 ,making the ,bureau an independent ,consumer ,financial ,empowerment ,agency ,the ,consumer ,financial ,protection ,act of #bjaj 7#ab ,u4,s4,c4 #edha et seq47 is amended-- 7#a7 in section #ajaa-- 7,a7 in the heading of such section1 by striking ,,bureau ,,of ,,consumer ,,financial ,,protection and inserting ,consumer ,financial ,empowerment ,agency2 7,b7 in subsection 7a7-- 7i7 in the heading of such subsection1 by striking ,bureau and inserting ,agency2 7ii7 by striking in the ,federal ,reserve ,system12 7iii7 by striking independent bureau and inserting independent agency2 and 7iv7 by striking ,bureau of ,consumer ,financial ,protection and inserting ,consumer ,financial ,empowerment ,agency 7hereinafter in this section referred to as the ,agency72 7,c7 in subsection 7b77#e71 by amending subparagraph 7,a7 to read as follows3 7,a7 shall be appointed by the ,president2 and 2 7,d7 in subsection 7c71 by striking paragraph 7#c72 7,e7 in subsection 7e71 by striking 1 including in cities in which the ,federal reserve banks1 or branches of such banks1 are located12 and 7,f7 by striking ,bureau each place such term appears and inserting ,agency2 and 7#b7 in section #ajab-- 7,a7 in subsection 7a77#aj71 by striking examinations12 and 7,b7 by striking subsection 7c74 7b7 ,deeming of name ,any reference in a law1 regulation1 document1 paper1 or other record of the ,united ,states to the ,bureau of ,consumer ,financial ,protection shall be deemed a reference to the ,consumer ,financial ,empowerment ,agency4 7c7 ,conforming amendments 7#a7 ,dodd-,frank ,wall ,street ,reform and ,consumer ,protection ,act ,the ,dodd-,frank ,wall ,street ,reform and ,consumer ,protection ,act 7#ab ,u4,s4,c4 #ecja et seq47 is amended-- 7,a7 in the table of contents in section #a7;b7-- 7i7 by striking ,bureau of ,consumer ,financial ,protection each place such term appears and inserting ,consumer ,financial ,empowerment ,agency2 and 7ii7 in the table of contents relating to title ,x1 in the items relating to subtitle ,b1 subtitle ,c1 and section #ajbg1 by striking ,bureau each place such term appears and inserting ,agency2 7,b7 in section #b1 by amending paragraph 7#d7 to read as follows3 7#d7 ,agency ,the term ,agency means the ,consumer ,financial ,empowerment ,agency established under title ,x4 2 7,c7 in section #cdb by striking ,bureau each place such term appears in headings and text and inserting ,agency2 7,d7 in section #adjj7;b7-- 7i7 by striking ,bureau of ,consumer ,financial ,protection and inserting ,consumer ,financial ,empowerment ,agency2 and 7ii7 in the subsection heading1 by striking ,bureau of ,consumer ,financial ,protection and inserting ,consumer ,financial ,empowerment ,agency2 7,e7 in section #adaa7;a77#a71 by striking ,bureau and inserting ,agency2 and 7,f7 in section #addg1 by striking ,director of the ,bureau each place such term appears and inserting ,director of the ,consumer ,financial ,empowerment ,agency4 7#b7 ,alternative ,mortgage ,transaction ,parity ,act of #aihb ,the ,alternative ,mortgage ,transaction ,parity ,act of #aihb 7#ab ,u4,s4,c4 #chja et seq47 is amended-- 7,a7 by striking ,bureau of ,consumer ,financial ,protection each place such term appears and inserting ,consumer ,financial ,empowerment ,agency2 and 7,b7 in the subsection heading of subsection 7d7 of section #hjd 7#ab ,u4,s4,c4 #chjc7;d771 by striking ,bureau and inserting ,agency4 7#c7 ,electronic ,fund ,transfer ,act ,the ,electronic ,fund ,transfer ,act 7#ae ,u4,s4,c4 #afic et seq47 is amended-- 7,a7 by amending the second paragraph 7#d7 7defining the term ,bureau7 to read as follows3 7#d7 the term ,agency means the ,consumer ,financial ,empowerment ,agency2 2 7,b7 in section #iaf7;d77#a71 by striking ,bureau of ,consumer ,financial ,protection and inserting ,consumer ,financial ,empowerment ,agency2 and 7,c7 by striking ,bureau each place that term appears in heading or text and inserting ,agency4 7#d7 ,equal ,credit ,opportunity ,act ,the ,equal ,credit ,opportunity ,act 7#ae ,u4,s4,c4 #afia et seq47 is amended-- 7,a7 in section #gjb 7#ae ,u4,s4,c4 #afia;a71 by amending subsection 7c7 to read as follows3 7c7 ,the term ,agency means the ,consumer ,financial ,empowerment ,agency4 2 and 7,b7 by striking ,bureau each place that term appears in heading or text and inserting ,agency4 7#e7 ,expedited ,funds ,availability ,act ,the ,expedited ,funds ,availability ,act 7#ab ,u4,s4,c4 #djja et seq47 is amended-- 7,a7 by striking ,bureau of ,consumer ,financial ,protection each place such term appears and inserting ,consumer ,financial ,empowerment ,agency2 and 7,b7 in the heading of section #fje7;f77#a71 by striking board and bureau and inserting ,board and ,agency4 7#f7 ,fair and ,accurate ,credit ,transactions ,act of #bjjc ,the ,fair and ,accurate ,credit ,transactions ,act of #bjjc 7,public ,law #ajh-aei7 is amended by striking ,bureau each place such term appears in heading and text and inserting ,agency4 7#g7 ,fair ,credit ,reporting ,act ,the ,fair ,credit ,reporting ,act 7#ae ,u4,s4,c4 #afha et seq47 is amended-- 7,a7 by amending section #fjc7w7 to read as follows3 7w7 ,agency ,the term ,agency means the ,consumer ,financial ,empowerment ,agency4 2 and 7,b7 by striking ,bureau each place such term appears1 other than in sections #fbf and #fjc7v71 and inserting ,agency4 7#h7 ,fair ,debt ,collection ,practices ,act ,the ,fair ,debt ,collection ,practices ,act 7#ae ,u4,s4,c4 #afib et seq47 is amended-- 7,a7 by amending section #hjc7a7 to read as follows3 7#a7 ,the term ,agency means the ,consumer ,financial ,empowerment ,agency4 2 and 7,b7 by striking ,bureau each place such term appears in heading or text and inserting ,agency4 7#i7 ,federal ,deposit ,insurance ,act ,the ,federal ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahaa et seq47 is amended-- 7,a7 in the second paragraph 7#f7 7with the heading ,referral to bureau of consumer financial protection7 of section #h7t7 7#ab ,u4,s4,c4 #ahah7t77-- 7i7 in the paragraph heading1 by striking bureau of consumer financial protection2 and inserting ,consumer ,financial ,empowerment ,agency2 and 7ii7 by striking ,bureau of ,consumer ,financial ,protection and inserting ,consumer ,financial ,empowerment ,agency2 7,b7 by amending clause 7vi7 of section #aa7t77#b77;,a7 7#ab ,u4,s4,c4 #ahba7t77#b77;,a77vi77 to read as follows3 7vi7 ,the ,consumer ,financial ,empowerment ,agency4 2 7,c7 in section #ah7x7 7#ab ,u4,s4,c4 #ahbh7x771 by striking ,bureau of ,consumer ,financial ,protection each place such term appears and inserting ,consumer ,financial ,empowerment ,agency2 7,d7 by striking ,bureau each place such term appears and inserting ,agency2 and 7,e7 in section #dc7;e7 7#ab ,u4,s4,c4 #ahcat7e771 by amending paragraph 7#e7 to read as follows3 7#e7 ,agency ,the term ,agency means the ,consumer ,financial ,empowerment ,agency4 4 7#aj7 ,federal ,financial ,institutions ,examination ,council ,act of #aigh ,the ,federal ,financial ,institutions ,examination ,council ,act of #aigh 7#ab ,u4,s4,c4 #ccja et seq47 is amended-- 7,a7 in section #ajjd7;a77#d71 by striking ,consumer ,financial ,protection ,bureau and inserting ,consumer ,financial ,empowerment ,agency2 and 7,b7 in section #ajaa1 by striking ,bureau of ,consumer ,financial ,protection and inserting ,consumer ,financial ,empowerment ,agency4 7#aa7 ,financial ,institutions ,reform1 ,recovery1 and ,enforcement ,act of #aihi ,the ,financial ,institutions ,reform1 ,recovery1 and ,enforcement ,act of #aihi 7,public ,law #aja-gc2 #ajc ,stat4 #ahc7 is amended-- 7,a7 in section #aaab7;b7 7#ab ,u4,s4,c4 #ccda71 by striking ,bureau of ,consumer ,financial ,protection and inserting ,consumer ,financial ,empowerment ,agency2 7,b7 in section #aabd 7#ab ,u4,s4,c4 #ccec71 by striking ,bureau of ,consumer ,financial ,protection each place such term appears and inserting ,consumer ,financial ,empowerment ,agency2 7,c7 in section #aabe 7#ab ,u4,s4,c4 #cced71 by striking ,bureau of ,consumer ,financial ,protection each place such term appears and inserting ,consumer ,financial ,empowerment ,agency2 and 7,d7 in section #abjf7;a7 7#ab ,u4,s4,c4 #ahcc;b7a771 by striking ,federal ,housing ,finance ,board and all that follows through ,farm ,credit ,administration and inserting ,federal ,housing ,finance ,agency1 the ,consumer ,financial ,empowerment ,agency1 and the ,farm ,credit ,administration4 7#ab7 ,financial ,literacy and ,education ,improvement ,act ,section #eac of the ,financial ,literacy and ,education ,improvement ,act 7#bj ,u4,s4,c4 #igjb7 is amended by striking ,bureau of ,consumer ,financial ,protection each place such term appears and inserting ,consumer ,financial ,empowerment ,agency4 7#ac7 ,gramm-leach-bliley ,act ,title ,v of the ,gramm-,leach-,bliley ,act 7#ae ,u4,s4,c4 #fhja et seq47 is amended-- 7,a7 by striking ,bureau of ,consumer ,financial ,protection each place such term appears and inserting ,consumer ,financial ,empowerment ,agency2 and 7,b7 in section #eje7;a77#h7 7#ae ,u4,s4,c4 #fhje7;a77#h771 by striking ,bureau and inserting ,agency4 7#ad7 ,home ,mortgage ,disclosure ,act of #aige ,the ,home ,mortgage ,disclosure ,act of #aige 7#ab ,u4,s4,c4 #bhja et seq47 is amended-- 7,a7 by striking ,bureau of ,consumer ,financial ,protection each place such term appears and inserting ,consumer ,financial ,empowerment ,agency2 7,b7 by striking ,bureau each place such term appears and inserting ,agency2 and 7,c7 in section #cjc1 by amending paragraph 7#a7 to read as follows3 7#a7 the term ,agency means the ,consumer ,financial ,empowerment ,agency2 4 7#ae7 ,homeowners ,protection ,act of #aiih ,section #aj7;a77#d7 of the ,homeowners ,protection ,act of #aiih 7#ab ,u4,s4,c4 #diji7;a77#d77 is amended by striking ,bureau of ,consumer ,financial ,protection and inserting ,consumer ,financial ,empowerment ,agency4 7#af7 ,home ,ownership and ,equity ,protection ,act of #aiid ,section #aeh7;a7 of the ,home ,ownership and ,equity ,protection ,act of #aiid 7#ae ,u4,s4,c4 #afja note7 is amended by striking ,bureau and inserting ,consumer ,financial ,empowerment ,agency4 7#ag7 ,interstate ,land ,sales ,full ,disclosure ,act ,the ,interstate ,land ,sales ,full ,disclosure ,act 7#ab ,u4,s4,c4 #agja et seq47 is amended-- 7,a7 by striking ,bureau of ,consumer ,financial ,protection each place such term appears and inserting ,agency2 7,b7 in section #adjb1 by amending paragraph 7#ab7 to read as follows3 7#ab7 ,agency means the ,consumer ,financial ,empowerment ,agency4 2 and 7,c7 in section #adaf1 by striking ,bureau each place such term appears and inserting ,agency4 7#ah7 ,real ,estate ,settlement ,procedures ,act of #aigd ,the ,real ,estate ,settlement ,procedures ,act of #aigd 7#ab ,u4,s4,c4 #bfja et seq47 is amended-- 7,a7 by striking ,bureau of ,consumer ,financial ,protection each place such term appears and inserting ,consumer ,financial ,empowerment ,agency2 7,b7 by striking ,bureau each place such term appears and inserting ,agency2 and 7,c7 in section #c1 by amending paragraph 7#i7 to read as follows3 7#i7 the term ,agency means the ,consumer ,financial ,empowerment ,agency4 4 7#ai7 ,revised ,statues of the ,united ,states ,section #eacf;,c7b77#c77;,b7 of the ,revised ,statutes of the ,united ,states 7#ab ,u4,s4,c4 #be;b7b77#c77;,b77 is amended by striking ,bureau of ,consumer ,financial ,protection and inserting ,consumer ,financial ,empowerment ,agency4 7#bj7 ,right to ,financial ,privacy ,act of #aigh ,the ,right to ,financial ,privacy ,act of #aigh 7#ab ,u4,s4,c4 #cdja et seq47 is amended-- 7,a7 by amending subparagraph 7,b7 of section #aaja7g7 7#ab ,u4,s4,c4 #cdja7g77;,b77 to read as follows3 7,b7 the ,consumer ,financial ,empowerment ,agency2 2 and 7,b7 by striking ,bureau of ,consumer ,financial ,protection each place such term appears in heading or text and inserting ,consumer ,financial ,empowerment ,agency4 7#ba7 ,s4,a4,f4,e4 ,mortgage ,licensing ,act of #bjjh ,the ,s4,a4,f4,e4 ,mortgage ,licensing ,act of #bjjh 7#ab ,u4,s4,c4 #eaja et seq47 is amended-- 7,a7 in section #aejg1 by striking ,bureau1 and the ,bureau of ,consumer ,financial ,protection each place such term appears and inserting ,consumer ,financial ,empowerment ,agency2 7,b7 by striking ,bureau of ,consumer ,financial ,protection each place such term appears and inserting ,consumer ,financial ,empowerment ,agency2 7,c7 by striking ,bureau each place such appears1 other than in sections #aeje7;a77#a71 #aejg7;a77#b77;,a71 and #aeaa7;b71 and inserting ,agency2 7,d7 in section #aejc1 by amending paragraph 7#a7 to read as follows3 7#a7 ,agency ,the term ,agency means the ,consumer ,financial ,empowerment ,agency4 2 7,e7 in the heading of section #aejh1 by striking ,,bureau ,,of ,,consumer ,,financial ,,protection and inserting ,consumer ,financial ,empowerment ,agency2 and 7,f7 in the heading of section #aead1 by striking ,,bureau and inserting ,,agency4 7#bb7 ,telemarketing and ,consumer ,fraud and ,abuse ,prevention ,act ,the ,telemarketing and ,consumer ,fraud and ,abuse ,prevention ,act 7#ae ,u4,s4,c4 #faja et seq47 is amended by striking ,bureau of ,consumer ,financial ,protection each place such term appears in heading or text and inserting ,consumer ,financial ,empowerment ,agency4 7#bc7 ,title #e1 ,united ,states ,code ,title #e1 ,united ,states ,code1 is amended-- 7,a7 in section #eeb;a7w7-- 7i7 in the subsection heading1 by striking ,bureau of ,consumer ,financial ,protection and inserting ,consumer ,financial ,empowerment ,agency2 and 7ii7 by striking ,bureau of ,consumer ,financial ,protection and inserting ,consumer ,financial ,empowerment ,agency2 7,b7 in section #fji7;d77#b71 by striking ,consumer ,financial ,protection ,bureau of the ,federal ,reserve ,system and inserting ,consumer ,financial ,empowerment ,agency2 and 7,c7 in section #cacb7;a77#a77;,d71 by striking ,bureau of ,consumer ,financial ,protection and inserting ,consumer ,financial ,empowerment ,agency4 7#bd7 ,title #aj1 ,united ,states ,code 7,a7 ,section #ihg ,section #ihg7;h77#c77;,e7 of title #aj1 ,united ,states ,code1 is amended by striking ,bureau of ,consumer ,financial ,protection and inserting ,consumer ,financial ,empowerment ,agency4 7,b7 ,,ndaa ,,fy #bjae ,section #eeg7;a7 of the ,carl ,levin and ,howard ,p4 ,buck ,mc,keon ,national ,defense ,authorization ,act for ,fiscal ,year #bjae 7,public ,law #aac-bi2 #abh ,stat4 #ccha2 #aj ,u4,s4,c4 #aadd note71 is amended by striking ,consumer ,financial ,protection ,bureau each place such term appears and inserting ,consumer ,financial ,empowerment ,agency4 7#be7 ,title #dd1 ,united ,states ,code ,title #dd1 ,united ,states ,code1 is amended-- 7,a7 in section #cejb7e71 by striking the ,bureau of ,consumer ,financial ,protection12 and 7,b7 in section #ceac7;c71 by striking ,bureau of ,consumer ,financial ,protection and inserting ,consumer ,financial ,empowerment ,agency4 7#bf7 ,truth in ,lending ,act ,the ,truth in ,lending ,act 7#ae ,u4,s4,c4 #afja et seq47 is amended-- 7,a7 by amending section #ajc7;b7 7#ae ,u4,s4,c4 #afjb7;b77 to read as follows3 7b7 ,agency ,the term ,agency means the ,consumer ,financial ,empowerment ,agency4 2 7,b7 by amending section #ajc7;c7 7#ae ,u4,s4,c4 #afjb7;c77 to read as follows3 7c7 ,board ,the term ,board means the ,board of ,governors of the ,federal ,reserve ,system4 2 7,c7 in section #abh7;f7 7#ae ,u4,s4,c4 #afch7;f771 by striking ,board each place such term appears and inserting ,agency2 7,d7 in sections #abi;,b 7#ae ,u4,s4,c4 #afci;b7 and #abi;,c 7#ae ,u4,s4,c4 #afci;c71 by striking ,board each place such term appears and inserting ,agency2 7,e7 in section #adj;,a 7#ae ,u4,s4,c4 #afea71 by striking in consultation with the ,bureau and inserting in consultation with the ,federal ,trade ,commission2 7,f7 by striking ,bureau each place such term appears in heading or text and inserting ,agency2 and 7,g7 by striking bureau and inserting ,agency in the paragraph headings for-- 7i7 section #abb7;d77#b7 7#ae ,u4,s4,c4 #afcb7;d77#b772 7ii7 section #abg7;c77#e7 7#ae ,u4,s4,c4 #afcg7;c77#e772 7iii7 section #abg7r77#c7 7#ae ,u4,s4,c4 #afcg7r77#c772 and 7iv7 section #abg;,a7a77#ad7 7#ae ,u4,s4,c4 #afcg;a7a77#ad774 7#bg7 ,truth in ,savings ,act ,the ,truth in ,savings ,act 7#ab ,u4,s4,c4 #dcja et seq47 is amended-- 7,a7 by amending paragraph 7#d7 of section #bgd 7#ab ,u4,s4,c4 #dcac7d77 to read as follows3 7#d7 ,agency ,the term ,agency means the ,consumer ,financial ,empowerment ,agency4 2 7,b7 by striking ,national ,credit ,union ,administration ,bureau each place such term appears and inserting ,national ,credit ,union ,administration ,board2 and 7,c7 by striking ,bureau each place such term appears and inserting ,agency1 except in section #bcc7;b77#d77;,b74 #c4 ,bringing the ,agency into the regular appropriations process ,section #ajag of the ,consumer ,financial ,protection ,act of #bjaj 7#ab ,u4,s4,c4 #edig7 is amended-- 7#a7 in subsection 7a7-- 7,a7 by amending the heading of such subsection to read as follows3 ,budget1 financial management1 and audit4--2 7,b7 by striking paragraphs 7#a71 7#b71 and 7#c72 7,c7 by redesignating paragraphs 7#d7 and 7#e7 as paragraphs 7#a7 and 7#b71 respectively2 and 7,d7 by striking subparagraphs 7,e7 and 7,f7 of paragraph 7#a71 as so redesignated2 7#b7 by striking subsections 7b7 and 7c72 7#c7 by redesignating subsections 7d7 and 7e7 as subsections 7b7 and 7c71 respectively2 and 7#d7 in subsection 7c71 as so redesignated-- 7,a7 by striking paragraphs 7#a71 7#b71 and 7#c7 and inserting the following3 7#a7 ,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 #bjbf and #bjbg4 2 and 7,b7 by redesignating paragraph 7#d7 as paragraph 7#b74