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A bill to require Presidential appointment and Senate confirmation of the Inspector General of the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection.

In committee: it can still change before the session ends.

US S 1627 · Senate Bill · 119th Congress

Draft a letter
Stage
In committee
Started in
Senate
Sponsors
3
Latest action
May 6, 2025

What it does

The bill would require the President to appoint and the Senate to confirm the Inspector General for both the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection, changing their current appointment process. It amends Title 5 of the U.S. Code to extend the same appointment and oversight framework used for other federal inspectors general to these two financial regulatory entities. The bill also includes technical amendments to align the Inspector General’s authorities and responsibilities with those of other federal inspectors general, including applying provisions related to reporting and access to records. These changes aim to increase…

No official summary is available here. This one was written by AI from the bill’s text.

Read the full textRead it on the official site

Where it stands

  1. Introduced (Done)

    May 6, 2025

  2. Committee (Current step)

    In committee · May 6, 2025

  3. Floor (Not started)

  4. Law (Not started)

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

Where it goes next

While a bill can still move, the questions are about people and money.

Work with this bill

A bill to require Presidential appointment and Senate confirmation of the Inspector General of the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection. | 52