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Independent Oversight for Consumer Financial Protection Bureau

This new law establishes an independent Inspector General for the Consumer Financial Protection Bureau (CFPB). This means that oversight of the CFPB's actions will be more independent, potentially increasing the agency's transparency and accountability. For citizens, this could lead to better protection of their financial rights and greater assurance that the agency operates in their best interest.
Key points
Establishes an independent Inspector General position within the Consumer Financial Protection Bureau (CFPB).
The Inspector General will require Senate confirmation, increasing public oversight of their appointment.
The CFPB must dedicate 2% of its annual funds to the Inspector General's office, ensuring its operational resources.
The Inspector General will regularly report to Congressional committees, enhancing oversight of their work.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2513
Sponsor: Rep. Meuser, Daniel [R-PA-9]
Process start date: 2025-03-31
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

CFPB–IG Reform Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2513.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-03-31.

What are the main provisions?

Key points include:

  • Establishes an independent Inspector General position within the Consumer Financial Protection Bureau (CFPB).
  • The Inspector General will require Senate confirmation, increasing public oversight of their appointment.
  • The CFPB must dedicate 2% of its annual funds to the Inspector General's office, ensuring its operational resources.
  • The Inspector General will regularly report to Congressional committees, enhancing oversight of their work.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Meuser, Daniel [R-PA-9].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Courts and Law Economy