S. 510 — Introduced in Senate

II 114th CONGRESS 1st Session S. 510 IN THE SENATE OF THE UNITED STATES February 12, 2015Mr. Portman (for himself, Mr. Cochran, Mr. Barrasso, Mrs. Capito, Ms. Ayotte, Mr. Crapo, Mr. Heller, Mr. Hoeven, Mr. Isakson, Mr. Boozman, Mr. Blunt, Mr. Corker, and Ms. Collins) 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. 1. Short title This Act may be cited as the Bureau of Consumer Financial Protection-Inspector General Reform Act of 2015, or the CFPB-IG Act of 2015. 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 Export-Import Bank;; and (B) in paragraph (2), by inserting the Bureau of Consumer Financial Protection, after the Export-Import Bank,.