Bills/H.R. 2513

CFPB–IG Reform Act of 2025

CFPB–IG Reform Act of 2025

In CommitteeEconomyHouseHouse Bill · 119th Congress
Bill Progress · House
Introduced
Committee
Passed House
Passed Senate
Passed Both
Signed

Plain Language Summary

# CFPB-IG Reform Act of 2025 Summary **What the Bill Would Do** This bill would create an independent Inspector General's office specifically for the Consumer Financial Protection Bureau (CFPB), a federal agency that oversees consumer banking and financial practices. Currently, the CFPB's oversight is handled by the Federal Reserve's Inspector General office. The new office would be dedicated solely to investigating CFPB operations, auditing its programs, and ensuring the agency follows proper procedures. **Who It Affects** The bill primarily affects the CFPB and Federal Reserve, as well as the Inspector General offices involved. Indirectly, it could impact consumers and financial institutions, since a dedicated oversight office might change how closely the CFPB is monitored.

The bill was introduced by Rep. Daniel Meuser (R-PA). **Current Status** The bill is currently in committee and has not yet been voted on by the full House. As introduced legislation, it would need committee approval and House passage before advancing further in the legislative process.

CRS Official Summary

Bureau of Consumer Financial Protection-Inspector General Reform Act of 2025 or the CFPB-IG Act of 2025This 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.

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Latest Action

March 31, 2025

Referred to the Committee on Oversight and Government 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.

Sponsor

6 cosponsors

Key Dates

Introduced
March 31, 2025
Last Updated
March 31, 2025
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