CFPB-IG Act of 2013

Bureau of Consumer Financial Protection-Inspector General Reform Act of 2013 or CFPB-IG Act of 2013 - Amends the Inspector General Act of 1978 to repeal the authority of the Chairman of the Board of Governors of the Federal Reserve System to appoint the Inspector General of the Consumer Financial Protection Bureau (CFPB).

Requires the CFPB Inspector General to be appointed by the President, by and with the advice and consent of the Senate.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 1310 Introduced in Senate (IS)]

113th CONGRESS
  1st Session
                                S. 1310

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


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                   IN THE SENATE OF THE UNITED STATES

                July 16 (legislative day, July 15), 2013

  Mr. Portman (for himself, Ms. Collins, Mr. Crapo, Mr. Johanns, Mr. 
Heller, Mr. Vitter, Ms. Ayotte, Mr. Blunt, Mrs. Fischer, Mr. Enzi, and 
  Mr. Corker) 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 Inspector General of the Bureau of 
         Consumer Financial Protection, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Bureau of Consumer Financial 
Protection-Inspector General Reform Act of 2013'', or the ``CFPB-IG Act 
of 2013''.

SEC. 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 the 
                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 Import-Export Bank;''; and
                    (B) in paragraph (2), by inserting ``the Bureau of 
                Consumer Financial Protection,'' after ``the Import-
                Export Bank,''.
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