H.R. 3141
119th CONGRESS 1st Session
To impose limitations on the amount of unobligated balances of the Bureau of Consumer Financial Protection, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES · May 1, 2025 · Sponsor: Mr. Downing · Committee: Committee on Financial Services
Table of contents
SEC. 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 () is amended by adding at the end the following new subparagraph: 12 U.S.C. 5497(a)(2)
- (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.
- (D) Limitation on unobligated balances
- Section 1017(a)(2) of the Consumer Financial Protection Act of 2010 () is amended by adding at the end the following new subparagraph: 12 U.S.C. 5497(a)(2)
- (b) Report on use of unobligated balances
- Section 1017(e)(4) of such Act () is amended by inserting after . 12 U.S.C. 5497(e)(4)