Congress moves to strengthen CFPB oversight with independent inspector general
H.R. 2513 — CFPB–IG Reform Act of 2025 · Filed by Daniel Meuser (R-PA) · 6 cosponsors · Introduced Mar 31, 2025 · Referred to committee
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What it does
This bill transfers oversight of the CFPB from the Federal Reserve's Inspector General to a new, Senate-confirmed Inspector General reporting directly to the CFPB. It requires the CFPB to dedicate 2% of its annual budget to the IG's office, mandates semiannual congressional hearings, and adds the CFPB to the Council of Inspectors General on Financial Oversight. The change takes effect once the Senate confirms the first CFPB-specific IG.
Why we flagged it
The bill restructures internal governance of a federal consumer protection agency to increase congressional oversight and independence from the Federal Reserve, a standard accountability mechanism rather than a substantive policy change.
What the text implies
- Removes the Federal Reserve's supervisory role over CFPB IG, potentially reducing coordination between banking regulation and consumer protection oversight.
- Mandatory 2% budget dedication to IG office may constrain CFPB's discretionary spending on other consumer protection activities.
- Semiannual congressional hearings create a public record of CFPB enforcement priorities and may increase political pressure on IG independence.
Section numbers refer to the bill text the analysis read — linked under Primary records below.
Who it affects
Citizens gain independent oversight of the CFPB through a dedicated IG accountable to the Senate rather than the Federal Reserve, with mandatory congressional hearings and participation in the financial oversight council. This strengthens democratic accountability and transparency in consumer protection enforcement.
Named in the bill
Bureau of Consumer Financial Protection (CFPB), Federal Reserve Board of Governors, Senate Committee on Banking, Housing, and Urban Affairs, House Committee on Financial Services, House Committee on Energy and Commerce, Council of Inspectors General on Financial Oversight, Title 5 United States Code (Inspector General Act), Dodd-Frank Wall Street Reform and Consumer Protection Act
Where it stands
6 cosponsors: 6 Republicans.
- Mar 31, 2025 — Introduced · Congress.gov: “Introduced in House”
- Mar 31, 2025 — Referred to House Committee on Financial Services and House Committee on Oversight and Government Reform · Congress.gov: “Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Financial…”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Money around this bill
3 lobbying clients named this bill on 6 disclosure filings across 2 quarters, Dec 2025 to Jun 2026. Those filings disclosed $7,256,000 in lobbying spend. A filing names 21 bills on average, so that figure is what each filing reported, not a share belonging to this bill.
More lobbying clients named this bill than 61% of bills with at least one filing.
Daniel Meuser, the sponsor, reported $835,786 in PAC receipts in the 2026 cycle.
- American Bankers Association — $5,210,000 on 2 filings
- Consumer Bankers Association — $2,000,000 on 2 filings
- National Small Business Association — $46,000 on 2 filings
Lobbying Disclosure Act filings through Jul 20, 2026. A filing shows who paid to lobby on a bill it names, not what changed.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (4,257 characters) on May 21, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 16,222 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
Money — Senate Lobbying Disclosure Act filings whose specific-issue field names this bill for quarters ending Dec 2025 to Jun 2026. A filing's amount is reported whole beside the median number of bills a filing names; it is never divided across them. PAC receipts are FEC-reported contributions to the sponsor's candidate committee in the 2026 cycle.
As of — lobbying records through Jul 20, 2026 · page rendered 2026-10-20.
“Congress moves to strengthen CFPB oversight with independent inspector general” QuorumCivic. https://share.quorumcivic.app/bill/119/hr2513 Report an error
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