Bill > HR3141

This bill, known as the "CFPB Budget Integrity Act," proposes to impose new limitations on the unobligated balances of the Bureau of Consumer Financial Protection (CFPB), a federal agency responsible for protecting consumers in the financial sector. Specifically, the bill amends the Consumer Financial Protection Act to restrict the CFPB's unobligated balances—which are funds that have been allocated but not yet spent—to no more than 5 percent of its annual budget. Any unobligated balances that exceed this 5 percent threshold must be transferred to the general fund of the U.S. Treasury. Additionally, the bill requires the CFPB to include a detailed description of its unobligated balances in its regular reports, providing more transparency about the agency's financial management. This legislation aims to enhance fiscal accountability and ensure that the CFPB does not accumulate excessive unused funds.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/3141/all-info