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HR 3141
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CFPB Budget Integrity Act

To impose limitations on the amount of unobligated balances of the Bureau of Consumer Financial Protection, and for other purposes.

Introduced May 1, 2025

Latest action (May 1, 2025) Referred to the House Committee on Financial Services.

Referred to
Financial Services Committee
Policy area
Finance and Financial Sector
Issues
Economy & Taxes

Summary
  • Limits the amount of unobligated balances the Consumer Financial Protection Bureau can maintain in any fiscal year to 5 percent of its annual funding amount.
  • Requires the CFPB Director to transfer any unobligated balances exceeding the 5 percent cap to the general fund of the Treasury.
  • Requires the CFPB to include in its annual reports a description of how it uses its unobligated balances.

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)
6 cosponsors

Actions (2)
  1. May 1, 2025 Referred to the House Committee on Financial Services. · house
  2. May 1, 2025 Introduced in House

Text versions (1)
  • Introduced in House · May 1, 2025

Only one text version is on file, so there’s no earlier version to compare against yet.

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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