1. Short title This Act may be cited as the Taking Account of Bureaucrats’ Spending Act of 2023 or the TABS Act of 2023 . 2. Consumer Financial Empowerment Agency (a) Making the Bureau an independent Consumer Financial Empowerment Agency The Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5481 et seq. ) is amended— (1) in section 1011— (A) in the heading of such section, by striking BUREAU OF CONSUMER FINANCIAL PROTECTION and inserting Consumer Financial Empowerment Agency ; (B) in subsection (a)— (i) in the heading of such subsection, by striking Bureau and inserting Agency ; (ii) by striking in the Federal Reserve System, ; (iii) by striking independent bureau and inserting independent agency ; and (iv) by striking Bureau of Consumer Financial Protection and inserting Consumer Financial Empowerment Agency (hereinafter in this section referred to as the Agency ) ; (C) in subsection (b)(5), by amending subparagraph (A) to read as follows: (A) shall be appointed by the President; and ; (D) in subsection (c), by striking paragraph (3); (E) in subsection (e), by striking , including in cities in which the Federal reserve banks, or branches of such banks, are located, ; and (F) by striking Bureau each place such term appears and inserting Agency ; and (2) in section 1012— (A) in subsection (a)(10), by striking examinations, ; and (B) by striking subsection (c). (b) Deeming of name Any reference in a law, regulation, document, paper, or other record of the United States to the Bureau of Consumer Financial Protection shall be deemed a reference to the Consumer Financial Empowerment Agency. (c) Conforming amendments (1) Dodd-Frank Wall Street Reform and Consumer Protection Act The Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5301 et seq. ) is amended— (A) in the table of contents in section 1(b)— (i) by striking Bureau of Consumer Financial Protection each place such term appears and inserting Consumer Financial Empowerment Agency