CFPB Budget Integrity Act

This bill would cap how much unspent money the Consumer Financial Protection Bureau (CFPB) can carry over each year. If the CFPB has more than 5% of its annual funding left unused at the end of a fiscal year, the extra must be sent back to the U.S. Treasury’s general fund. The bill also updates the CFPB’s reporting rules related to these unused funds, aiming for more transparency about how they are handled (source: CFPB Budget Integrity Act text).

Key points

• Who is affected: The CFPB’s budgeting and, indirectly, consumers and taxpayers who rely on the CFPB’s work and federal funds.
• What changes: Unused CFPB funds are limited to 5% of its annual amount; any extra must be returned to the Treasury. Reporting provisions about these balances are updated.
• When: Applies each fiscal year, based on the bill’s language about fiscal-year balances.