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CFPB–IG Reform Act of 2025

USA119th CongressHR-2513| House 
| Updated: 3/31/2025
Daniel Meuser

Daniel Meuser

Republican Representative

Pennsylvania

Cosponsors (6)
Young Kim (Republican)Maria Elvira Salazar (Republican)Andy Barr (Republican)Roger Williams (Republican)Byron Donalds (Republican)Bill Huizenga (Republican)

Financial Services Committee, Oversight and Government Reform Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill, known as the "CFPB-IG Reform Act of 2025," establishes an independent Inspector General for the Bureau of Consumer Financial Protection (CFPB). It mandates that this new Inspector General position be subject to Senate confirmation , a significant change from the current structure where the CFPB shares an Inspector General with the Board of Governors of the Federal Reserve System. The legislation explicitly removes the CFPB from this shared oversight arrangement, creating a distinct and dedicated oversight role for the agency. To ensure robust accountability, the bill requires the newly established Inspector General to appear before specific Congressional committees for semiannual hearings. Furthermore, it mandates that the CFPB dedicate two percent of its annual transferred funds specifically to the Office of the Inspector General, ensuring financial independence for its operations. The Act also includes the CFPB's Inspector General in the Council of Inspectors General on Financial Oversight and sets a 60-day deadline for the President to appoint the first Inspector General.
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Timeline

Bill from Previous Congress

HR 117-6038
CFPB–IG Reform Act of 2021

Bill from Previous Congress

HR 118-1411
CFPB–IG Reform Act of 2023
Mar 31, 2025
Introduced in House
Mar 31, 2025
Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • Bill from Previous Congress

    HR 117-6038
    CFPB–IG Reform Act of 2021


  • Bill from Previous Congress

    HR 118-1411
    CFPB–IG Reform Act of 2023


  • March 31, 2025
    Introduced in House


  • March 31, 2025
    Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Finance and Financial Sector

CFPB–IG Reform Act of 2025

USA119th CongressHR-2513| House 
| Updated: 3/31/2025
This bill, known as the "CFPB-IG Reform Act of 2025," establishes an independent Inspector General for the Bureau of Consumer Financial Protection (CFPB). It mandates that this new Inspector General position be subject to Senate confirmation , a significant change from the current structure where the CFPB shares an Inspector General with the Board of Governors of the Federal Reserve System. The legislation explicitly removes the CFPB from this shared oversight arrangement, creating a distinct and dedicated oversight role for the agency. To ensure robust accountability, the bill requires the newly established Inspector General to appear before specific Congressional committees for semiannual hearings. Furthermore, it mandates that the CFPB dedicate two percent of its annual transferred funds specifically to the Office of the Inspector General, ensuring financial independence for its operations. The Act also includes the CFPB's Inspector General in the Council of Inspectors General on Financial Oversight and sets a 60-day deadline for the President to appoint the first Inspector General.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 117-6038
CFPB–IG Reform Act of 2021

Bill from Previous Congress

HR 118-1411
CFPB–IG Reform Act of 2023
Mar 31, 2025
Introduced in House
Mar 31, 2025
Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • Bill from Previous Congress

    HR 117-6038
    CFPB–IG Reform Act of 2021


  • Bill from Previous Congress

    HR 118-1411
    CFPB–IG Reform Act of 2023


  • March 31, 2025
    Introduced in House


  • March 31, 2025
    Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Daniel Meuser

Daniel Meuser

Republican Representative

Pennsylvania

Cosponsors (6)
Young Kim (Republican)Maria Elvira Salazar (Republican)Andy Barr (Republican)Roger Williams (Republican)Byron Donalds (Republican)Bill Huizenga (Republican)

Financial Services Committee, Oversight and Government Reform Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted