Independent Federal Bureau of Investigation Act

[AI summary unavailable — showing source text] Independent Federal Bureau of Investigation Act - Establishes the Federal Bureau of Investigation as an independent agency of the executive branch of the Government. Provides that the Director and Deputy Director of the FBI shall be appointed by the President, by and with the advice and consent of the Senate for a term of 10 years. Transfers to the Bureau all functions carried out by the FBI and Department of Justice. Sets forth specified functions of the Bureau and the Director. Requires that if the Deputy Director is to be appointed to succeed the Director, such appointment must be made within 20 days following the termination of the Director's service. Makes an acting Director ineligible to be appointed Director. Requires the Director to file an annual report to the President and to the Congress including detailed financial data and may be directed to appear before the House or Senate Judiciary Committees to testify. Provides that the President may dismiss a Director for malfeasance in office or neglect of duty or permanent incapacity.…