United States 117th Congress Status: In Committee 1 R cosponsors

HR 6038 — CFPB–IG Reform Act of 2021

Last action — Referred to the Committee on Oversight and Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 117th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Bureau of Consumer Financial Protection-Inspector General Reform Act of 2021 or the CFPB-IG Act of 2021 This bill establishes a separate Office of Inspector General for the Consumer Financial Protection Bureau (CFPB). Currently, such oversight of the CFPB is combined with the Office of Inspector General for the Board of Governors of the Federal Reserve System.

Bill Text

How this bill changes current law

6 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill establishes the position of Inspector General for the Bureau of Consumer Financial Protection and mandates Senate confirmation for this position.

  • 12 U.S.C. 5491

    and Deputy Director → , Deputy Director, and Inspector General

    The heading for subsection (b) is modified to include the Inspector General.

  • 12 U.S.C. 5491

    There is established the position of the Inspector General.

    The bill creates the position of Inspector General within the Bureau of Consumer Financial Protection.

  • 12 U.S.C. 5491

    or Deputy Director → , Deputy Director, or Inspector General

    The service restriction is expanded to include the Inspector General.

  • 12 U.S.C. 5491

    Not later than 60 days after the date of the enactment of this Act, the President shall appoint an Inspector General for the Bureau of Consumer Financial Protection in accordance with section 3 of the Inspector General Act of 1978 (5 U.S.C. App.).

    A timeline for the appointment of the Inspector General is established.

  • 12 U.S.C. 5491

    The Bureau of Consumer Financial Protection.

    The Bureau is included in the Council of Inspectors General on Financial Oversight.

  • 12 U.S.C. 5491

    Each fiscal year, the Bureau shall dedicate 2 percent of the funds transferred pursuant to paragraph (1) to the Office of the Inspector General.

    Funding provisions for the office of Inspector General are established.

Action History

  1. Introduced in House

  2. Introduced in House

  3. Referred to the Committee on Oversight and Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  4. Referred to the Committee on Oversight and Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
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Frequently asked questions

What does HR 6038 do?
Bureau of Consumer Financial Protection-Inspector General Reform Act of 2021 or the CFPB-IG Act of 2021 This bill establishes a separate Office of Inspector General for the Consumer Financial Protection Bureau (CFPB). Currently, such oversight of the CFPB is combined with the Office of Inspector General for the Board of Governors of the Federal Reserve System.
Who sponsors HR 6038?
HR 6038 is sponsored by Luetkemeyer, Blaine (Republican).
What is the current status of HR 6038?
This bill died with 117th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 6038?
Track HR 6038 free on One Click Politics — get push/email alerts when it moves.

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