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Code · BILL · 113th Congress · H.R. 1174 (Introduced in House) — To amend the Federal Reserve Act to improve the functioning and transparency of the Board of Governors of the Federal... · Sec. 702

Sec. 702. Bureau of Consumer Financial Protection Funding

145 words·~1 min read·/bill/113/hr/1174/ih/section-702·

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Section 1017 of the Consumer Financial Protection Act of 2010 is amended— in subsection (a)— by amending the heading of such subsection to read as follows: ; Budget, financial management, and audit.— by striking paragraphs (1), (2), and (3); by redesignating paragraphs
(4)and
(5)as paragraphs
(1)and (2), respectively; and in paragraph (1), as so redesignated— by striking subparagraph (E); and by redesignating subparagraph
(F)as subparagraph (E); by striking subsections
(b)and (c); by redesignating subsections
(d)and
(e)as subsections
(b)and (c), respectively; and in subsection (c), as so redesignated— by striking paragraphs (1), (2), and
(3)and inserting the following: There is authorized to be appropriated such funds as may be necessary to carry out this title. ; and by redesignating paragraph
(4)as paragraph (2). The amendments made by this section shall take effect on October 1, 2013.
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