CONGRESS FOR VOTERS

RepublicanBill · H.R. 3141· House(119-HR-3141)

CFPB Budget Integrity Act

Rep. Downing
Age: 59 years
Montana
Introduced
5/1/2025
Last activity
5/1/2025 — Referred to the House Committee on Financial Services.
Sponsored by
Troy Downing
Cosponsors
Republican - 6Democrat - 0
Finance and Financial Sector
  1. Introduced
  2. In Committee

What this bill would do

This bill, known as the ``CFPB Budget Integrity Act'', seeks to place restrictions on the Bureau of Consumer Financial Protection. It aims to limit the amount of unobligated balances the Bureau can hold during a fiscal year. Specifically, it mandates that these balances cannot exceed 5 percent of a specific dollar amount. If the Bureau exceeds this limit, the excess must be transferred to the general fund of the Treasury. Additionally, the bill requires a description of how any unobligated balances are used in certain reports.

Yes

  • Does this make what the government does easier for the public to see?+5

    The bill mandates that reports include a description of how any unobligated balances are used.

  • Does this make the government pay for what it commits to?+4

    The bill increases fiscal accountability by limiting unspent funds and requiring more detailed reporting on their use.

  • Does this reduce what the federal government spends?+3

    The bill limits the amount of money the CFPB can hold in unobligated balances by transferring excess funds to the Treasury.

The opposite

  • Does this give people more protection from unfair business practices?-3

    By limiting the available unspent funds of the CFPB, the bill may reduce the agency's capacity to fund future consumer protection initiatives.

  • Would households on low incomes be better off under this?-2

    The restriction of unspent funds could potentially limit the agency's ability to enforce consumer protections that benefit low-income households.

  • Would people in cities be better off under this?-1

    Reduced agency funding may impact the scale of consumer protection enforcement across various populations.