Sponsors (7)
Ask me about this bill
This is not an official government website.
Copyright © 2026 PLEJ LC. All rights reserved.
Caps how much unobligated (unused) money the Bureau of Consumer Financial Protection may hold at the end of a fiscal year and requires the Bureau’s Director to transfer any excess to the Treasury’s general fund. It also changes a reporting requirement about use of unobligated balances (the exact revised reporting text is not shown in the excerpt).
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). (This is added as new subparagraph (D) to 12 U.S.C. 5497(a)(2).)
The Director shall transfer any excess amount of such unobligated balances (amounts above the 5 percent limit) to the general fund of the Treasury.
Section 1017(e)(4) of the Act (12 U.S.C. 5497(e)(4)) is amended under a heading “Report on use of unobligated balances.” The excerpt indicates text is inserted but the actual inserted language is not shown in this file excerpt.
Primary affected party is the Bureau of Consumer Financial Protection (CFPB). The cap will limit how much unspent program funds the Bureau can carry into the next fiscal year, reducing its ability to use prior-year unobligated balances for ongoing or multi‑year work. CFPB management will need to adjust budgeting, contracting, and timing of activities to avoid forced transfers. The U.S. Treasury’s general fund stands to receive transferred amounts when year-end balances exceed the cap. Regulated entities (banks, credit unions, nonbank financial firms) and consumers could be indirectly affected if the Bureau reduces or delays enforcement, rulemaking, research, or consumer education activities because of tighter carryover limits. Congress and appropriators may have more frequent need to provide explicit annual funding or oversight if the Bureau’s retained reserves are constrained. The excerpt does not show the numeric limit or reporting details, so the magnitude and timing of these impacts are unclear.
Expand sections to see detailed analysis
Referred to the House Committee on Financial Services.
Introduced May 1, 2025 by Troy Downing · Last progress May 1, 2025
Referred to the House Committee on Financial Services.
Introduced in House