S.1627

SB1627 mandates Presidential appointment and Senate confirmation for the Inspector General of the Federal Reserve System and the Bureau of Consumer.

The bill, SB1627, requires the Inspector General of the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection to be appointed by the President and confirmed by the Senate. It amends the United States Code to include these officials under the same appointment and confirmation process as other Inspectors General. The Inspector General will have all authorities and responsibilities provided by the chapter, with specific provisions applying to the Bureau of Consumer Financial Protection and Federal reserve banks.