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Code · BILL · 115th Congress · H.R. 1018 (Introduced in House) — To replace the Director of the Bureau of Consumer Financial Protection with a 5-person commission, and for other purp... · Sec. 4

Sec. 4. Conforming amendments

688 words·~3 min read·/bill/115/hr/1018/ih/section-4

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 Bureau 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 ; by striking Director each place such term appears and inserting Bureau , other than where such term is used to refer to a Director other than the Director of the Bureau of Consumer Financial Protection; and in section 1002, by striking paragraph (10).
The Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5481 et seq.) is amended— 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)— 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 Bureau ; in section 1017(c)(1), by striking Director and other ; in section 1027(l)(1), by striking Director and the Bureau and inserting Chair and the Bureau ; and in section 1066(a), by striking Director of the Bureau is and inserting first member of the Bureau is .
The Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5301 et seq.) is amended— in section 111(b)(1)(D), by striking Director of the Bureau and inserting Chair of the Bureau ; and in section 1447, by striking Director of the Bureau each place such 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 .
The Expedited Funds Availability Act ( 12 U.S.C. 4001 et seq.) is amended by striking Director of the each place such term appears. 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 such term appears and inserting Chair 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 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 of the Bureau of Consumer Financial Protection each place such term appears and inserting Chair of the Bureau of Consumer Financial Protection . Section 307 of the Home Mortgage Disclosure Act of 1975 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 is amended— by amending section 1402(1) to read as follows: Chair means the Chair 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 such 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 such term appears in headings and text and inserting Bureau ; by striking director each place such term appears in headings and inserting Bureau ; and in section 1503, by striking paragraph (10). Section 3513(c) of title 44, United States Code is amended by striking Director of the Bureau and inserting Bureau .
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