[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3141 Introduced in House (IH)]
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119th CONGRESS
1st Session
H. R. 3141
To impose limitations on the amount of unobligated balances of the
Bureau of Consumer Financial Protection, and for other purposes.
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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
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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''.
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