CFPB Budget Integrity Act

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9877 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                                H. R. 9877

  To impose limitations on the amount of unobligated balances of the 
    Bureau of Consumer Financial Protection, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                           September 27, 2024

 Mr. Mooney (for himself, Mr. Barr, Mr. Weber of Texas, Mr. Ogles, Mr. 
 Meuser, Mr. Norman, Mr. Williams of Texas, and Mr. Lopez) introduced 
 the following bill; which was referred to the Committee on Financial 
                                Services

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                                 A BILL


 
  To impose limitations on the amount of unobligated balances of the 
    Bureau of Consumer Financial Protection, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``CFPB Budget Integrity Act''.

SEC. 2. LIMITATION ON UNOBLIGATED BALANCES OF THE BUREAU OF CONSUMER 
              FINANCIAL PROTECTION.

    (a) In General.--Section 1017(a)(2) of the Consumer Financial 
Protection Act of 2010 (12 U.S.C. 5497(a)(2)) is amended by adding at 
the end the following new subparagraph:
                    ``(D) Limitation on unobligated balances.--For a 
                fiscal year, the amount of unobligated balances of the 
                Bureau may not exceed 5 percent of the dollar amount 
                referred to in subparagraph (A)(iii). The Director 
                shall transfer any excess amount of such unobligated 
                balances to the general fund of the Treasury.''.
    (b) Report on Use of Unobligated Balances.--Section 1017(e)(4) of 
such Act (12 U.S.C. 5497(e)(4)) is amended by inserting ``(including a 
description of the use of any unobligated balances)'' after ``funds of 
the Bureau''.
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