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Key Votes

S Amdt 4072 - Inspector General Appointment Modification - Key Vote

National Key Votes

Roland Burris voted Nay (Amendment Vote) on this Amendment.

Read statements Roland Burris made in this general time period.

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Amendment - Amendment Adopted (Senate) (75-21) - (Key vote)

Title: Inspector General Appointment Modification

Vote Smart's Synopsis:

Vote to adopt an amendment to S Amdt 3739 to S 3217 that repeals an expansion of presidential authority to appoint and terminate Inspectors General of specific regulatory agencies, increases oversight of Inspectors General, and establishes a Council of Inspectors General on Financial Oversight.

Highlights:
  • Repeals an expansion of presidential authority to appoint and terminate inspectors general of the following offices (Sec. 989B):
    • Board of Governors of the Federal Reserve System;
    • Commodity Futures Trading Commission;
    • National Credit Union Administration;
    • Pension Benefit Guaranty Corporation; and
    • Securities and Exchange Commission.
  • Requires the approval of 2/3 of the board or commission serving as the head of any entity of an Office of Inspector General to remove an inspector general (Sec. 989D).
  • Expands oversight of inspectors general to include the board or commission of the entity, whereas existing law requires inspectors general to only report to the head of the entity (Sec. 989B).
  • Establishes a Council of Inspectors Generals on Financial Oversight, chaired by the Inspector General of the Department of the Treasury, consisting of the inspectors general of the following (Sec. 989E):
    • Board of Governors of the Federal Reserve System;
    • Commodity Futures Trading Commission;
    • Department of Housing and Urban Development;
    • Department of the Treasury;
    • Federal Deposit Insurance Corporation;
    • Federal Housing Finance Agency;
    • National Credit Union Administration;
    • Securities and Exchange Commission; and
    • Troubled Asset Relief Program.
  • Requires the Council of Inspectors General to meet at least once each quarter to facilitate the sharing of information among inspectors general and to discuss the ongoing work of each inspector general, with a focus on the broader financial sector and ways to improve financial oversight (Sec. 989E).
  • Requires the Council of Inspectors General to submit an annual report to Congress that includes, but is not limited to, the following (Sec. 989E):
    • A section within exclusive editorial control for each inspector general that is a member of the Council that highlights the concerns and recommendations of such inspector general, with a focus on the broader financial sector; and
    • A summary of the general observations of the Council based on the aforementioned editorials submitted by each inspector general, with a focus on measures to improve financial oversight.
Amendment - Introduced (Senate) -

Title: Inspector General Appointment Modification

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