H.R. 3141 — CFPB Budget Integrity Act

This section establishes a limit on the Bureau of Consumer Financial Protection's (CFPB's) unobligated balances at 5% of its annual funding cap (i.e., 12% of the Federal Reserve System's total operating expenses as reported in its 2009 annual report, as adjusted annually by the employment cost index), requiring the Director to transfer any excess to the Treasury general fund. (Thus, the CFPB—which receives non-appropriated funding transfers from the Federal Reserve to enforce federal consumer financial laws—must spend down or return surplus funds annually.) The section further requires the CFPB's annual report to Congress on its use of funds to include a description of any unobligated balances.