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Code · BILL · 113th Congress · S. 2213 (Introduced in Senate) — To replace the Director of the Bureau of Consumer Financial Protection with a five-person Commission. · Sec. 3

Sec. 3. Conforming amendments

743 words·~3 min read·/bill/113/s/2213/is/section-3

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Except as provided under paragraph (2), the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5481 et seq. ) is amended— by striking Director of the each place that term appears, other than where that term is used to refer to a Director other than the Director of the Bureau of Consumer Financial Protection; by striking Director each place that term appears, other than where that 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), by striking Director each place that term appears and inserting Commission of the Bureau ; in section 1013(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)— 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), by striking Director of the Bureau and inserting Chair of the Commission ; in section 1017(c)(1), by striking the Director the second place that term appears, and inserting the Commission of the Bureau ; in section 1027(l)(1), by striking Director and the ; and in section 1066(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), by striking Director and inserting Chair of the Commission ; and in section 1447, by striking Director of the Bureau each place that term appears and inserting Bureau . Section 921(a)(4)(C) of the Electronic Fund Transfer Act (15 U.S.C. 1693o–2(a)(4)(C)) 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. ) is amended by striking Director of the Bureau each place that term appears and inserting Bureau . Section 2 of the Federal Deposit Insurance Act ( 12 U.S.C. 1812 ) is amended by striking Director of the Consumer Financial Protection Bureau each place that 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) ) 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 ) is amended by striking Director each place that term appears and inserting Chair of the Commission . Section 307 of the Home Mortgage Disclosure Act of 1975 ( 12 U.S.C. 2806 ) is amended by striking Director of the Bureau of Consumer Financial Protection each place that term appears and inserting Bureau of Consumer Financial Protection . The Interstate Land Sales Full Disclosure Act ( 15 U.S.C. 1701 et seq. ) 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 ) 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 that term appears and inserting Bureau . The S.A.F.E. Mortgage Licensing Act of 2008 ( 12 U.S.C. 5101 et seq. ) is amended— by striking Director each place that 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)and inserting the following: [Reserved]. . Section 3513(c) of title 44, United States Code, is amended by striking Director of the Bureau and inserting Bureau .
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