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Amendments · SAMDT 3535
FAILED· 119TH CONGRESS· SENATE
Senate AmendmentSAMDT 3535
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.
PROPOSED OCT 9· LAST ACTION OCT 9
- Amendment, not the bill
- Failed — base text stands
- Effect depends on parent bill
DISPOSITION
FAILED
OCT 9
“Amendment SA 3535, under the order of 10/9/2025, not having achieved 60 votes in the affirmative, not agreed to in Senate by Yea-Nay Vote. 53 - 43. Record Vote Number: 563.”
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§ 03
SUMMARY
WHAT THIS CHANGES
This proposal would have changed how the "watchdog" (Inspector General) for the Federal Reserve and the Consumer Financial Protection Bureau is hired. Instead of being appointed by the agencies themselves, the watchdog would have been nominated by the President and required approval by the Senate.
§ 04
KEY POINTS
3POINT 01
Shift in Appointment Power
Moves the power to pick the agency's lead investigator from the agency head to the President.
POINT 02
Senate Oversight
Requires the Senate to hold hearings and vote on the candidate, increasing public transparency of the watchdog role.
POINT 03
Standardization
Would make the Fed and CFPB watchdogs similar to those at other major departments, like the Treasury or Defense Department.
§ 05
SPONSORSHIP
1 + 0
R· Florida
§ 06
ACTION TIMELINE
7 EVENTSOCT 9
Amendment SA 3535, under the order of 10/9/2025, not having achieved 60 votes in the affirmative, not agreed to in Senate by Yea-Nay Vote. 53 - 43. Record Vote Number: 563.
OCT 9
Amendment SA 3535 proposed by Senator Scott FL to Amendment SA 3748. (consideration: CR S7063-7065)
OCT 9
Senate amendment proposed (on the floor): Amendment SA 3535 proposed by Senator Scott FL to Amendment SA 3748.
§ 07
AMENDMENT INFO
TypeSenate Amendment
NumberSAMDT 3535
Congress119th
ChamberSenate
StatusFAILED
ProposedOct 9, 2025
SubmittedAug 1, 2025
Last actionOct 9, 2025
§ 09
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FAILED· 119TH CONGRESS · SENATE · PROPOSED OCT 9, 2025
Senate AmendmentSAMDT 3535
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.
PROPOSED OCT 9, 2025· SUBMITTED AUG 1, 2025· LAST ACTION OCT 9, 2025
DISPOSITION
FAILED
COSPONSORS
0
DAYS SINCE ACTION
350
