CFPB-IG Act

II 116TH CONGRESS 1ST SESSION S. 187 To require Senate confirmation of the Inspector General of the Bureau of Consumer Financial Protection, and for other purposes. IN THE SENATE OF THE UNITED STATES JANUARY 17, 2019 Mr. PORTMAN (for himself, Mr. BARRASSO, Mr. BLUNT, Mr. BOOZMAN, Ms. COLLINS, Mr. ENZI, Mr. HOEVEN, and Mr. ISAKSON) introduced the fol- lowing bill; which was read twice and referred to the Committee on Bank- ing, 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. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Bureau of Consumer 4 Financial Protection-Inspector General Reform Act’’ or 5 the ‘‘CFPB-IG Act’’. 6 SEC. 2. APPOINTMENT OF INSPECTOR GENERAL. 7 The Inspector General Act of 1978 (5 U.S.C. App.) 8 is amended— 9 VerDate Sep 11 2014 00:13 Jan 26, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S187.IS S187 pamtmann on DSKBFK8HB2PROD with BILLS 2 •S 187 IS (1) in section 8G— 1 (A) in subsection (a)(2), by striking ‘‘and 2 the Bureau of Consumer Financial Protection’’; 3 (B) in subsection (c), by striking ‘‘For 4 purposes of implementing this section’’ and all 5 that follows through the end of the subsection; 6 and 7 (C) in subsection (g)(3), by striking ‘‘and 8 the Bureau of Consumer Financial Protection’’; 9 and 10 (2) in section 12— 11 (A) in paragraph (1), by inserting ‘‘the Di- 12 rector of the Bureau of Consumer Financial 13 Protection;’’ after ‘‘the President of the Export- 14 Import Bank;’’; and 15 (B) in paragraph (2), by inserting ‘‘the 16 Bureau of Consumer Financial Protection,’’ 17 after ‘‘the Export-Import Bank,’’. 18 Æ VerDate Sep 11 2014 00:13 Jan 26, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S187.IS S187 pamtmann on DSKBFK8HB2PROD with BILLS