CFPB Budget Integrity Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3141 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 3141

  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

                              May 1, 2025

  Mr. Downing (for himself, Mr. Meuser, Mr. Ogles, and Mr. Sessions) 
 introduced the following bill; which was referred to the Committee on 
                           Financial Services

_______________________________________________________________________

                                 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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