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H.R. 969: TABS Act of 2019

The text of the bill below is as of Feb 5, 2019 (Introduced).


I

116th CONGRESS

1st Session

H. R. 969

IN THE HOUSE OF REPRESENTATIVES

February 5, 2019

(for himself, Mr. Hill of Arkansas, Mr. Stivers, Mr. Tipton, Mr. Loudermilk, Mr. Huizenga, Mr. Zeldin, Mr. Weber of Texas, Mr. Posey, Mr. Dunn, Mr. Austin Scott of Georgia, Mr. Allen, Mr. Emmer, Mr. Duffy, Mr. Rouzer, Mr. Davidson of Ohio, Mr. Riggleman, Mr. Budd, Mr. Walberg, Mr. Abraham, Mr. Kelly of Mississippi, Mr. Babin, Mr. David P. Roe of Tennessee, Mr. Norman, Mr. Crenshaw, Mr. John W. Rose of Tennessee, Mr. LaMalfa, Mr. Gallagher, and Mr. Hice of Georgia) 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 2019 or the TABS Act of 2019.

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 2019 and 2020.

; and

(B)

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