,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #cggj  ,,in ,,the ,,house ,,of  
,,representatives  ,december #ab1 #bjac 
,mr4 ,stivers 7for himself1 ,mr4 ,walz1 
,mr4 ,gary ,g4 ,miller of ,california1  
,mr4 ,royce1 and ,mrs4 ,bachmann7       
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 require ,senate          
confirmation of ,inspector ,general of  
the ,bureau of ,consumer ,financial     
,protection1 and for other purposes4    
#a4 ,short title ,this ,act may be cited
 as the ,bureau of ,consumer ,financial 
,protection-,inspector ,general ,reform 
,act of #bjac1 or the ,,cfpb-,,ig ,act  
of #bjac4  #b4 ,appointment of          
,inspector ,general ,the ,inspector     

,general ,act of #aigh 7#e ,u4,s4,c4    
,app47 is amended--  7#a7 in section    
#h;,g--  7,a7 in subsection 7a77#b71 by 
striking and the ,bureau of ,consumer   
,financial ,protection2  7,b7 in        
subsection 7c71 by striking ,for        
purposes of implementing this section   
and all that follows through the end of 
the subsection2 and  7,c7 in subsection 
7g77#c71 by striking and the ,bureau of 
,consumer ,financial ,protection2 and   
7#b7 in section #ab--  7,a7 in paragraph
 7#a71 by inserting the ,director of the
 ,bureau of ,consumer ,financial        
,protection2 after the ,president of the
 ,export-,import ,bank22 and  7,b7 in   
paragraph 7#b71 by inserting the ,bureau
 of ,consumer ,financial ,protection1   
after the ,export-,import ,bank14  #c4  
,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 #b 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  #d4        
,effective date ,the amendments made by 
this ,act shall take effect #fj days    
after the date of the enactment of this 
,act4  #e4 ,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