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Limiting Reserve Funds and Increasing Oversight of Consumer Financial Protection Bureau

This bill imposes strict limits on the amount of unspent funds (unobligated balances) the Consumer Financial Protection Bureau (CFPB) can retain each year. Any excess funds above 5% of its annual budget must be returned to the U.S. Treasury. This change aims to increase fiscal oversight of the agency responsible for protecting citizens from unfair financial practices.
Key points
The CFPB is limited to holding unobligated balances equivalent to 5% of its annual funding.
Any funds exceeding this 5% limit must be transferred back to the general fund of the Treasury.
The CFPB must now include a detailed report on how it uses its unspent reserve funds.
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Status:
Expired
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Additional Information
Print number: 118_HR_9877
Sponsor: Rep. Mooney, Alexander X. [R-WV-2]
Process start date: 2024-09-27
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

CFPB Budget Integrity Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_9877.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-09-27.

What are the main provisions?

Key points include:

  • The CFPB is limited to holding unobligated balances equivalent to 5% of its annual funding.
  • Any funds exceeding this 5% limit must be transferred back to the general fund of the Treasury.
  • The CFPB must now include a detailed report on how it uses its unspent reserve funds.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Mooney, Alexander X. [R-WV-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy