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S. 187: CFPB-IG Act

The text of the bill below is as of Jan 17, 2019 (Introduced).


II

116th CONGRESS

1st Session

S. 187

IN THE SENATE OF THE UNITED STATES

January 17, 2019

(for himself, Mr. Barrasso, Mr. Blunt, Mr. Boozman, Ms. Collins, Mr. Enzi, Mr. Hoeven, and Mr. Isakson) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To require Senate confirmation of the Inspector General of the Bureau of Consumer Financial Protection, and for other purposes.

1.

Short title

This Act may be cited as the Bureau of Consumer Financial Protection-Inspector General Reform Act or the CFPB-IG Act.

2.

Appointment of Inspector General

The Inspector General Act of 1978 (5 U.S.C. App.) is amended—

(1)

in section 8G—

(A)

in subsection (a)(2), by striking and the Bureau of Consumer Financial Protection;

(B)

in subsection (c), by striking For purposes of implementing this section and all that follows through the end of the subsection; and

(C)

in subsection (g)(3), by striking and the Bureau of Consumer Financial Protection; and

(2)

in section 12—

(A)

in paragraph (1), by inserting the Director of the Bureau of Consumer Financial Protection; after the President of the Export-Import Bank;; and

(B)

in paragraph (2), by inserting the Bureau of Consumer Financial Protection, after the Export-Import Bank,.