# 119-s-1627: A bill to require Presidential appointment and Senate confirmation of the Inspector General of the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection.

119-s-1627, A bill to require Presidential appointment and Senate confirmation of the Inspector General of the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection., is a 119th Congress bill sponsored by Sen. Scott, Rick [R-FL] (R-FL); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-s-1627
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1627
- Congress: 119
- Title: A bill to require Presidential appointment and Senate confirmation of the Inspector General of the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection.
- Status: introduced
- Introduced: 2025-05-06
- Sponsor: Sen. Scott, Rick [R-FL] (R-FL)
- Cosponsors: 2
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Would require Presidential appointment and Senate confirmation for the Inspectors General of the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection.** It would also codify and clarify their authorities under Chapter 4 of Title 5 and add a special section for how those offices operate. - Inspectors General and leadership: The Inspectors General for the Federal Reserve Board and the CFPB would be Presidential nominees who need Senate confirmation. This moves those posts into the Presidential appointment framework. - Oversight and access: Those IGs would have the authorities and responsibilities provided by Chapter 4. The CFPB would be treated as if it were part of the Board and IGs could exercise oversight of a Federal Reserve bank without that bank's permission. - Statutory changes: The bill would add a new Section 425 to Chapter 4 and apply many provisions of Section 412(a) to the IG and the Chairman of the Board, while excluding subparagraphs (A), (B), (C), and (E).

## Cosponsors (2)

- Sen. Warren, Elizabeth [D-MA] (D-MA), 2025-05-06T00:00:00.000Z
- Sen. Lummis, Cynthia M. [R-WY] (R-WY), 2025-07-28T00:00:00.000Z

## Provisions PRIA read

- More oversight of Fed and CFPB: benefit, medium. This bill would let the Federal Reserve Board Inspector General audit and investigate the CFPB. It would treat the CFPB as if it were part of the Fed for those oversight rules. It would let the Inspector General examine a Federal Reserve bank without the bank's permission. This would not create new…
- President appoints Fed and CFPB IG: mixed, medium. This bill would make the Inspector General for the Federal Reserve Board and the CFPB a Presidential appointment with Senate confirmation. It would change the statutory appointment and protection rules that apply to those Inspectors General and to the Chairman of the Fed Board. If enacted, this cou…

## Related bills

- 119-s-1748: Kids Online Safety Act
- 119-s-1541: SHIPS for America Act of 2025
- 119-s-2355: Patients Deserve Price Tags Act
- 119-s-1241: Sanctioning Russia Act of 2025
- 119-s-4429: Connected Vehicle Security Act of 2026
- 119-s-1816: Improving Seniors’ Timely Access to Care Act of 2025

## Sources
- [119-s-1627 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1627)

## Related
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [119-s-2355: Patients Deserve Price Tags Act](https://policyrisk.com/legislation/119-s-2355)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [119-s-4429: Connected Vehicle Security Act of 2026](https://policyrisk.com/legislation/119-s-4429)
- [119-s-1816: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-s-1816)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1627 (as of 2025-12-21).