We don’t have a summary available yet.
The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Dec 12, 2016.
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
Bureau of Consumer Financial Protection-Inspector General Reform Act of 2015 or the CFPB-IG Act of 2015
(Sec. 2) This bill amends the Inspector General Act of 1978 to repeal the authority of the Chairman of the Board of Governors of the Federal Reserve System to appoint the Inspector General of the Consumer Financial Protection Bureau (CFPB).
(Sec. 3) The Dodd-Frank Wall Street Reform and Consumer Protection Act is amended to create an Inspector General for the CFPB.
Within 60 days after enactment of this bill, the President must appoint a CFPB Inspector General.