,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #bggi  ,,in ,,the ,,house ,,of  
,,representatives  ,july #bb1 #bjac ,mr4
 ,kingston introduced the following     
bill2 which was referred to the         
,committee on ,oversight and ,government
 ,reform1 and in addition to the        
,committee on ,financial ,services1 for 
a period to be subsequently determined  
by the ,speaker1 in each case for       
consideration of such provisions as fall
 within the jurisdiction of the         
committee concerned  ,a ,,bill  ,to     
establish a separate ,inspector ,general
 for the ,bureau of ,consumer ,financial
 ,protection4  #a4 ,creating an         
,inspector ,general for the ,bureau of  
,consumer ,financial ,protection  7a7   
,in general ,section #ab of the         
,inspector ,general ,act of #aigh 7#e   
,u4,s4,c4 ,app47 is amended--  7#a7 in  
paragraph 7#a71 by inserting the ,bureau
 of ,consumer ,financial ,protection1   
after ,federal ,emergency ,management   
,agency12 and  7#b7 in paragraph 7#b71  

by inserting the ,bureau of ,consumer   
,financial ,protection1 after           
,export-,import ,bank14  7b7 ,technical 
and conforming amendments ,section #h;,g
 of such ,act is amended--  7#a7 in     
subsection 7a77#b71 by striking and the 
,bureau of ,consumer ,financial         
,protection2  7#b7 in subsection 7c71 by
 striking the third and fourth          
sentences2 and  7#c7 in subsection      
7g77#c71 by striking and the ,bureau of 
,consumer ,financial ,protection4  #b4  
,requirements for the ,inspector        
,general for the ,bureau of ,consumer   
,financial ,protection  7a7             
,establishment ,section #ajaa of the    
,dodd-,frank ,wall ,street ,reform and  
,consumer ,protection ,act 7#ab         
,u4,s4,c4 #edia7 is amended--  7#a7 in  
subsection 7b7--  7,a7 in the subsection
 heading1 by striking and ,deputy       
,director and inserting 1 ,deputy       
,director1 and ,inspector ,general2 and 
7,b7 by inserting after paragraph 7#e7  
the following3  7#f7 ,inspector ,general

 ,there is established the position of  
the ,inspector ,general4  2 and  7#b7 in
 subsection 7d71 by striking or ,deputy 
,director each place it appears and     
inserting 1 ,deputy ,director1 or       
,inspector ,general4  7b7 ,hearings     
,section #ajaf of such ,act is amended  
by inserting after subsection 7c7 the   
following3  7d7 ,additional ,requirement
 for ,inspector ,general ,on a separate 
occasion from that described in         
subsection 7a71 the ,inspector ,general 
of the ,bureau shall appear1 upon       
invitation1 before the ,committee on    
,banking1 ,housing1 and ,urban ,affairs 
of the ,senate and the ,committee on    
,financial ,services and the ,committee 
on ,energy and ,commerce of the ,house  
of ,representatives at semi-annual      
hearings regarding the reports required 
under subsection 7b7 and the reports    
required under section #e of the        
,inspector ,general ,act of #aigh 7#e   
,u4,s4,c4 ,app474  4  7c7 ,funding for  
,office of ,inspector ,general ,section 

#ajag7;a77#b7 of such ,act is amended-- 
7#a7 by redesignating subparagraph 7,c7 
as subparagraph 7,d72 and  7#b7 by      
inserting after subparagraph 7,b7 the   
following3  7,c7 ,funding for ,office of
 ,inspector ,general ,each fiscal year1 
the ,bureau shall dedicate #j4be percent
 of the funds transferred pursuant to   
paragraph 7#a7 to the ,office of the    
,inspector ,general4  4  7d7            
,participation in the ,council of       
,inspectors ,general on ,financial      
,oversight ,section #ihi;,e7a77#a7 of   
such ,act is amended by adding at the   
end the following3  7,j7 ,the ,bureau of
 ,consumer ,financial ,protection4  4   
7e7 ,deadline for appointment ,not later
 than #fj days after the date of the    
enactment of this ,act1 the ,president  
shall appoint an ,inspector ,general for
 the ,bureau of ,consumer ,financial    
,protection in accordance with section  
#c of the ,inspector ,general ,act of   
#aigh 7#e ,u4,s4,c4 ,app474  #c4        
,effective date ,the amendments made by 

this ,act shall take effect #fj days    
after the date of the enactment of this 
,act4  #d4 ,transition period ,the      
,inspector ,general of the ,board of    
,governors of the ,federal ,reserve     
,system and the ,bureau of ,consumer    
,financial ,protection shall serve in   
that position until the confirmation of 
an ,inspector ,general for the ,bureau  
of ,consumer ,financial ,protection4 ,at
 that time1 the ,inspector ,general of  
the ,board of ,governors of the ,federal
 ,reserve ,system and the ,bureau of    
,consumer ,financial ,protection shall  
become the ,inspector ,general of the   
,board of ,governors of the ,federal    
,reserve ,system4