H.R. 9877, titled the "CFPB Budget Integrity Act," aims to limit the amount of unobligated funds, which are funds that have not yet been spent, within the Bureau of Consumer Financial Protection. The bill proposes that the unused funds should not exceed 5% of a specific...
Simple Explanation
The "CFPB Budget Integrity Act" is a bill that wants to make sure that a special group in charge of protecting people with money things doesn’t hold on to too much unspent money—just like how you can't keep too much leftover candy, or you have to give it back! If they have more than allowed, it goes back to the big piggy bank called the U.S. Treasury.