S4521-118

1. Short title This Act may be cited as the Consumer Financial Protection Bureau Accountability Act of 2024.

2. Subjecting the Bureau of Consumer Financial Protection to the regular appropriations process Section 1017 of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5497) is amended— in subsection (a)— in the subsection heading, by striking “Transfer of Funds From Board Of Governors.—” and inserting Budget and Financial Management.—; by striking paragraphs (1) through (3); by redesignating paragraphs (4) and (5) as paragraphs (1) and (2), respectively; and in paragraph (1), as so redesignated— in the paragraph heading, by striking Budget and financial management.— and inserting In general.—; by striking subparagraph (E); and by redesignating subparagraph (F) as subparagraph (E); by striking subsections (b) and (c); by redesignating subsections (d) and (e) as subsections (b) and (c), respectively; in subsection (b), as so redesignated— in paragraph (2)— in the first sentence, by inserting direct before victims; and by striking the second sentence; and by adding at the end the following: If, after the Bureau obtains a civil penalty in a judicial or administrative action under Federal consumer financial laws, deposits that civil penalty into the Civil Penalty Fund under paragraph (1), and, under paragraph (2), makes payments to all of the direct victims of activities for which that civil penalty was imposed, amounts remain in the Civil Penalty Fund with respect to that civil penalty, the Bureau shall transfer those excess amounts to the general fund of the Treasury. in subsection (c), as so redesignated— by striking paragraphs (1) through (3) and inserting the following: There is authorized to be appropriated such funds as may be necessary to carry out this title for fiscal year 2026. by redesignating paragraph (4) as paragraph (2). The amendments made by this section shall take effect on October 1, 2025. (3)Treatment of excess amountsIf, after the Bureau obtains a civil penalty in a judicial or administrative action under Federal consumer financial laws, deposits that civil penalty into the Civil Penalty Fund under paragraph (1), and, under paragraph (2), makes payments to all of the direct victims of activities for which that civil penalty was imposed, amounts remain in the Civil Penalty Fund with respect to that civil penalty, the Bureau shall transfer those excess amounts to the general fund of the Treasury.; and (1)Authorization of appropriationsThere is authorized to be appropriated such funds as may be necessary to carry out this title for fiscal year 2026.; and