117 HR 790 IH: Taking Account of Bureaucrats’ Spending Act of 2021 U.S. House of Representatives 2021-02-04 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I117th CONGRESS1st SessionH. R. 790IN THE HOUSE OF REPRESENTATIVESFebruary 4, 2021Mr. Barr (for himself, Mr. Williams of Texas, Mrs. Wagner, Mr. Timmons, Mr. Davidson, Mr. Taylor, Mr. Loudermilk, Mr. Gallagher, Mr. Gonzalez of Ohio, Mr. Zeldin, Mr. Budd, Mr. Gooden of Texas, Mr. Hice of Georgia, Mr. Kustoff, Mr. LaMalfa, Mr. Steil, Mr. Mooney, Mr. Rose, Mr. Luetkemeyer, Mr. Emmer, Mr. Hill, and Mr. Lucas) introduced the following bill; which was referred to the Committee on Financial ServicesA BILLTo 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 2021 or the TABS Act of 2021.

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 2021 and 2022.; and(B)by redesignating paragraph (4) as paragraph (2).