H.R. 2513 · Where this bill is now
In committee
Introduced in the House, sent 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, Mar 31, 2025
What this bill does
In plain words · AI-written from the official summaryCreates separate watchdog for consumer protection agency
Right now, the agency that oversees consumer financial protection shares an inspector general with the Federal Reserve. An inspector general is basically an internal watchdog who checks for problems, waste, or wrongdoing. This bill would split that up and create a separate inspector general just for the Consumer Financial Protection Bureau, so there's dedicated oversight focused only on that agency.
How it affects you
This change mainly affects how the Consumer Financial Protection Bureau gets monitored for problems and waste. Most everyday people won't notice a direct difference, but the idea is that having a dedicated inspector general means closer, more focused oversight of the agency itself.
Read the official summary (Introduced in House, Mar 31, 2025)
Bureau of Consumer Financial Protection-Inspector General Reform Act of 2025 or the CFPB-IG Act of 2025
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.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 2513
A BILL
CFPB–IG Reform Act of 2025
Sponsor: Rep. Daniel Meuser (R-PA-9) · Introduced Mar 31, 2025 · Finance and Financial Sector · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Mar 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.”