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Code · BILL · 113th Congress · S. 205 (Introduced in Senate) — To replace the Director of the Bureau of Consumer Financial Protection with a 5-person Commission, to bring the Burea... · Sec. 5

Sec. 5. Conforming amendments

876 words·~4 min read·/bill/113/s/205/is/section-5

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Except as provided under paragraph (1), the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5481 et seq. ) is amended— by striking Director of the each place such term appears, other than where such term is used to refer to a Director other than the Director of the Bureau of Consumer Financial Protection; by striking Director each place such term appears, other than where such term is used to refer to a Director other than the Director of the Bureau of Consumer Financial Protection, and inserting Bureau ; and in section 1002, by striking paragraph
(10)and inserting the following: [Reserved]. . The Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5481 et seq. ) is amended— in section 1012(c)(4) ( 12 U.S.C. 5492(c)(4) ), by striking Director each place such term appears and inserting Commission of the Bureau ; in section 1013(c)(3) ( 12 U.S.C. 5493(c)(3) )— by striking Assistant Director of the Bureau for and inserting Head of the Office of ; and in subparagraph (B), by striking Assistant Director and inserting Head of the Office ; in section 1013(g)(2) ( 12 U.S.C. 5493(g)(2) )— in the paragraph heading, by striking and inserting Assistant director ; and Head of the Office by striking an assistant director and inserting a Head of the Office of Financial Protection for Older Americans ; in section 1016(a) ( 12 U.S.C. 5496(a) ), by striking Director of the Bureau and inserting Chair of the Commission ; and in section 1066(a) ( 12 U.S.C. 5586(a) ), by striking Director of the Bureau is and inserting first member of the Commission is . The Dodd-Frank Wall Street Reform and Consumer Protection Act ( Public Law 111–203 ) is amended— in section 111(b)(1)(D) ( 12 U.S.C. 5321 ), by striking Director and inserting Chair of the Commission ; and in section 1447 ( 12 U.S.C. 1701p–2 ), by striking Director of the Bureau each place such term appears and inserting Bureau . Section 920(a)(4)(C) of the Electronic Fund Transfer Act ( 15 U.S.C. 1693o–2(a)(4)(C) ), as added by section 1075(a)(2) of the Consumer Financial Protection Act of 2010, is amended by striking Director of the Bureau of Consumer Financial Protection and inserting Bureau of Consumer Financial Protection . The Expedited Funds Availability Act ( 12 U.S.C. 4001 et seq. ), as amended by section 1086 of the Consumer Financial Protection Act of 2010, is amended by striking Director of the Bureau each place such term appears and inserting Bureau . Section 2 of the Federal Deposit Insurance Act ( 12 U.S.C. 1812 ), as amended by section 336(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, is amended by striking Director of the Consumer Financial Protection Bureau each place such term appears and inserting Chair of the Commission of the Bureau of Consumer Financial Protection . Section 1004(a)(4) of the Federal Financial Institutions Examination Council Act of 1978 ( 12 U.S.C. 3303(a)(4) ), as amended by section 1091 of the Consumer Financial Protection Act of 2010, is amended by striking Director of the Consumer Financial Protection Bureau and inserting Chair of the Commission of the Bureau of Consumer Financial Protection . Section 513 of the Financial Literacy and Education Improvement Act ( 20 U.S.C. 9702 ), as amended by section 1013(d) of the Consumer Financial Protection Act of 2010, is amended by striking Director each place such term appears and inserting Chair of the Commission . Section 307 of the Home Mortgage Disclosure Act of 1975 ( 12 U.S.C. 2806 ), as amended by section 1094(6) of the Consumer Financial Protection Act of 2010, is amended by striking Director of the Bureau of Consumer Financial Protection each place such term appears and inserting Bureau of Consumer Financial Protection . The Interstate Land Sales Full Disclosure Act ( 15 U.S.C. 1701 et seq. ), as amended by section 1098A of the Consumer Financial Protection Act of 2010, is amended— in section 1402, by striking paragraph
(1)and inserting the following: Chair means the Chair of the Commission of the Bureau of Consumer Financial Protection; ; and in section 1416(a), by striking Director of the Bureau of Consumer Financial Protection and inserting Chair . Section 5 of the Real Estate Settlement Procedures Act of 1974 ( 12 U.S.C. 2604 ), as amended by section 1450 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, is amended— by striking The Director of the Bureau of Consumer Financial Protection (hereafter in this section referred to as the and inserting Director ) The Bureau of Consumer Financial Protection ; and by striking Director each place such term appears and inserting Bureau . The S.A.F.E. Mortgage Licensing Act of 2008 ( 12 U.S.C. 5101 ), as amended by section 1100 of the Consumer Financial Protection Act of 2010, is amended— by striking Director each place such term appears, other than where such term is used in the context of the Director of the Office of Thrift Supervision, and inserting Bureau ; and in section 1503, by striking paragraph (10). Section 3513(c) of title 44, United States Code, as amended by section 1100D(b) of the Consumer Financial Protection Act of 2010, is amended by striking Director of the Bureau and inserting Bureau .
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