HR 6038 · 117th Congress 2021–2023, ended

CFPB–IG Reform Act of 2021

Introduced Nov 18, 2021 Originated House Sponsor Blaine Luetkemeyer R-MO

Latest action · Nov 18, 2021 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.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedNov 18, 2021
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

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.

Cosponsors 19

Members who signed on, in the order they did. Signatures ran from Nov 18, 2021 to Jul 27, 2022; 16 are original cosponsors, there from the day it was introduced.

Seat	Cosponsor		Signed on
R-WV	Alexander X. Mooney	Original	Nov 18, 2021
R-KY	Andy Barr	Original	Nov 18, 2021
R-MO	Ann Wagner	Original	Nov 18, 2021
R-GA	Barry Loudermilk	Original	Nov 18, 2021
R-MI	Bill Huizenga	Original	Nov 18, 2021
R-FL	Bill Posey	Original	Nov 18, 2021
R-WI	Bryan Steil	Original	Nov 18, 2021
R-TN	David Kustoff	Original	Nov 18, 2021
R-TX	Lance Gooden	Original	Nov 18, 2021
R-NY	Lee M. Zeldin	Original	Nov 18, 2021
R-TX	Pete Sessions	Original	Nov 18, 2021
R-TX	Roger Williams	Original	Nov 18, 2021
R-NC	Ted Budd	Original	Nov 18, 2021
R-MN	Tom Emmer	Original	Nov 18, 2021
R-OH	Warren Davidson	Original	Nov 18, 2021
R-SC	William R. Timmons IV	Original	Nov 18, 2021
R-AR	J. French Hill		Dec 1, 2021
R-OH	Anthony Gonzalez		Jul 27, 2022
R-WA	Jaime Herrera Beutler		Jul 27, 2022

Committees 2

Where it was sent and what each committee and subcommittee did with it, in order.

Chamber	Committee	What it did
House	Oversight and Government Reform Committee	Referred Nov 18, 2021
House	Financial Services Committee	Referred Nov 18, 2021

Actions 2

Everything that happened, newest first.

Nov 18, 2021Introduced in House
Nov 18, 2021Referred 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.

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Constitutional authority

Congress has the power to enact this legislation pursuant to the following: Article 1, Section 8 of the U.S. Constitution: Congress shall have the power to make all laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by the Constitution in the Government of the United States, or in any Department or Officer thereof.

The sponsor’s statement, as printed in the Congressional Record, vol. 167, no. 201, November 18, 2021, page H6609.

Titles 3

Every title it has carried, official and short, at each stage.

Official Title as Introduced: To require Senate confirmation of Inspector General of the Bureau of Consumer Financial Protection, and for other purposes.
Short Title(s) as Introduced: CFPB–IG Reform Act of 2021; Bureau of Consumer Financial Protection-Inspector General Reform Act of 2021

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Finance and Financial Sector

Text 1

Each version as it was printed, newest first.

Nov 18, 2021Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.