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To impose limitations on the amount of unobligated balances of the Bureau of Consumer Financial Protection, and for other purposes.
Summary
This bill limits the amount of unspent money the Consumer Financial Protection Bureau (CFPB) can carry over from year to year. Under the bill, the CFPB's unobligated balances—funds that have been appropriated but not yet spent—may not exceed 5 percent of its annual budget. Any excess unobligated balances beyond this 5 percent threshold must be returned to the U.S. Treasury. The bill also requires the CFPB Director to include in annual budget reports a description of how any unobligated balances were used.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Downing, Troy [R-MT-2] (R-MT)
6 cosponsors
Actions (2)
- May 1, 2025 Referred to the House Committee on Financial Services. · house
- May 1, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
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Full text
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”. <all>
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