This legislation aims to enhance oversight and accountability within the federal government by establishing an Inspector General (IG) for the Office of Management and Budget (OMB) . It amends chapter 4 of title 5, United States Code, to include the OMB under the general provisions governing Inspectors General. A key provision of the bill is the creation of a new section, 421A, which explicitly states that the OMB Inspector General's jurisdiction will be limited to matters specifically assigned by law . This ensures a defined scope for the new oversight body. Furthermore, the bill mandates that the President appoint the individual to serve as the Inspector General for the OMB within 120 days of the Act's enactment.