Bill
Bill > HR1411
US HR1411
US HR1411CFPB–IG Reform Act of 2023 Bureau of Consumer Financial Protection-Inspector General Reform Act of 2023
summary
Introduced
03/07/2023
03/07/2023
In Committee
03/07/2023
03/07/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To require Senate confirmation of Inspector General of the Bureau of Consumer Financial Protection, and for other purposes.
AI Summary
This bill, known as the CFPB-IG Reform Act of 2023, aims to require Senate confirmation of the Inspector General (IG) of the Bureau of Consumer Financial Protection (CFPB). The key provisions of the bill include: (1) establishing the position of the IG for the CFPB, (2) requiring the IG to appear before certain congressional committees for semiannual hearings, (3) dedicating 2% of the CFPB's funding to the Office of the IG, and (4) including the CFPB in the Council of Inspectors General on Financial Oversight. The bill also sets a deadline for the President to appoint an IG for the CFPB and outlines the transition process from the current IG shared between the CFPB and the Federal Reserve to a dedicated IG for the CFPB.
Committee Categories
Government Affairs
Sponsors (3)
Last Action
Referred to the Committee on Oversight and Accountability, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (on 03/07/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/1411/all-info |
| BillText | https://www.congress.gov/118/bills/hr1411/BILLS-118hr1411ih.pdf |
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