A bipartisan duo of two House lawmakers have offered a bill that would install an inspector general for the Consumer Financial Protection Bureau.

Reps. Steve StiversSteven (Steve) Ernst StiversBill requiring carbon monoxide detectors in public housing passes House The Hill's Morning Report — Trump and the new Israel-'squad' controversy Republicans offer support for Steve King challenger MORE (R-Ohio) and Tim WalzTimothy (Tim) James WalzOvernight Health Care: CDC warns against using e-cigs after vaping-related deaths | Minnesota reports fourth nationwide death tied to vaping | Top Dem demands FDA chief take action | Marianne Williamson under fire over controversial health remarks Minnesota reports fourth nationwide death tied to vaping Three people shot, one hit by car at Minnesota State Fair MORE (D-Minn.) reintroduced legislation that would require the Senate to confirm an independent inspector general for the agency, arguing it would provide greater oversight.


“This legislation will allow for increased oversight of an agency that has been given broad authority.  It is important that we take the necessary steps to ensure the CFPB is accountable to the American people," Stivers said in a statement.

The lawmakers noted that the CFPB is not subject to oversight from Congress through the annual appropriations process, as it receives funds through the Federal Reserve. It currently shares an inspector general with the Federal Reserve, who is appointed by the central bank's chairman.

 "Their work is important, but that doesn’t mean that they don’t need oversight,” Walz said.