The CFPB Budget Integrity Act would restrict how much money the Consumer Financial Protection Bureau can hold without spending in any given year. Specifically, the bill limits unobligated balances (money set aside but not yet spent) to no more than 5 percent of the agency's annual funding, with any excess amount being returned to the U.S. Treasury's general fund. The legislation also requires the CFPB director to provide detailed reports explaining how the agency uses its unobligated balances. This bill would affect the CFPB's financial management practices and potentially reduce the amount of money the agency can hold in reserve for future operations or emergencies. The bill does not include specific funding amounts or implementation timelines beyond the annual fiscal year requirement.
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