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.

5/22/2025, 5:50 PM

Summary of Bill S 1627

This bill, designated as S. 1627 in the 119th Congress, aims to mandate the Presidential appointment and Senate confirmation process for the Inspector General positions of the Federal Reserve System's Board of Governors and the Bureau of Consumer Financial Protection. Introduced on May 6, 2025, this legislation focuses on enhancing the oversight and accountability mechanisms for these key positions within the financial regulatory framework.

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Current Status of Bill S 1627

Bill S 1627 is currently in the status of Bill Introduced since May 6, 2025. Bill S 1627 was introduced during Congress 119 and was introduced to the Senate on May 6, 2025. Bill S 1627's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of May 6, 2025

Bipartisan Support of Bill S 1627

Total Number of Sponsors

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Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 1627

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill 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.