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119-hr-3141119th CongressWALLET

CFPB Budget Integrity Act

Sponsored By: Representative Downing, Troy [R-MT-2]

Introduced

Summary

Cap on unobligated balances at the Bureau of Consumer Financial Protection would limit how much money the agency can carry from year to year. It would require the Bureau to transfer any amount above 5% of its funding base to the Treasury general fund and to report how it used unobligated balances.

Show full summary
  • Bureau of Consumer Financial Protection staff and budgeters would face a limit on carryover funds and mandatory transfers when balances exceed 5 percent of the statutory funding base.
  • The Treasury general fund would receive mandatory transfers of any excess unobligated balances, increasing receipts when the cap is exceeded.
  • Public and congressional oversight would get more detail because the Bureau must include a description of how it used unobligated balances in its annual report.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Cap on CFPB unused money

This bill would cap the Consumer Financial Protection Bureau's unused money each fiscal year at 5% of its annual reference amount set in law. If balances exceed that cap, the Director would have to send the extra to the Treasury's general fund. The Bureau would also need to explain in its annual report how any unobligated balances were used. This would change internal funding limits and reporting; it would not create new programs.

Sponsors & CoSponsors

Sponsor

Downing, Troy [R-MT-2]

MT • R

Cosponsors

  • Rep. Meuser, Daniel [R-PA-9]

    PA • R

    Sponsored 5/1/2025

  • Rep. Ogles, Andrew [R-TN-5]

    TN • R

    Sponsored 5/1/2025

  • Rep. Sessions, Pete [R-TX-17]

    TX • R

    Sponsored 5/1/2025

  • Rep. Bacon, Don [R-NE-2]

    NE • R

    Sponsored 5/5/2025

  • Rep. Gill, Brandon [R-TX-26]

    TX • R

    Sponsored 5/5/2025

  • Rep. Begich, Nicholas J. [R-AK-At Large]

    AK • R

    Sponsored 5/14/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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