1. Short title This Act may be cited as the Bureau of Consumer Financial Protection-Inspector General Reform Act of 2023 or the CFPB–IG Reform Act of 2023 . 2. Appointment of Inspector General Chapter 4 of title 5, United States Code, is amended— (1) in section 401— (A) in paragraph (1), by inserting the Bureau of Consumer Financial Protection, after the Export-Import Bank of the United States, ; and (B) in paragraph (3), by inserting the Director of the Bureau of Consumer Financial Protection; after the President of the Export-Import Bank of the United States; ; and (2) in section 415— (A) in subsection (a)(1), by striking and the Bureau of Consumer Financial Protection ; (B) in subsection (c), by striking For purposes of implementing this section, the Chairman of the Board of Governors of the Federal Reserve System shall appoint the Inspector General of the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection. The Inspector General of the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection shall have all of the authorities and responsibilities provided by this Act with respect to the Bureau of Consumer Financial Protection, as if the Bureau were part of the Board of Governors of the Federal Reserve System. ; and (C) in subsection (g)(3), by striking and the Bureau of Consumer Financial Protection . 3. Requirements for the Inspector General for the Bureau of Consumer Financial Protection (a) Establishment Section 1011 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5491 ) is amended— (1) in subsection (b)— (A) in the subsection heading, by striking and Deputy Director and inserting , Deputy Director, and Inspector General ; and (B) by inserting after paragraph (5) the following: (6) Inspector General There is established the position of the Inspector General.