Office of Management and Budget Inspector General Act

This bill creates a dedicated Inspector General (IG) position specifically for the Office of Management and Budget (OMB). It clarifies that the OMB IG's oversight authority is limited to matters explicitly assigned by law, preventing broader jurisdiction. The President must appoint this IG within 120 days of the bill's enactment. The bill directly affects OMB's internal oversight structure and the new IG's defined role, with no direct impact on the public or other agencies.