Sec. 940. Requirements for the Inspector General for the Bureau of Consumer Financial Protection
249 words·~1 min read·
/bill/115/hr/6147/eh/section-940A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 1011 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5491 ) is amended— in subsection (b)— in the subsection heading, by striking and inserting and Deputy Director ; and , Deputy Director, and Inspector General by inserting after paragraph
(5)the following: There is established the position of the Inspector General. ; and in subsection (d), by striking or Deputy Director each place it appears and inserting , Deputy Director, or Inspector General . Section 1016 of such Act is amended by inserting after subsection
(c)the following: On a separate occasion from that described in subsection (a), the Inspector General of the Bureau shall appear, upon invitation, before the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives at hearings no less frequently than twice annually, at a date determined by the chairman of the respective committee, regarding the reports required under subsection
(b)and the reports required under section 5 of the Inspector General Act of 1978 (5 U.S.C. App.). . Section 1017(a)(2) of such Act is amended— by redesignating subparagraph
(C)as subparagraph (D); and by inserting after subparagraph
(B)the following: Each fiscal year, the Bureau shall dedicate 2 percent of the funds transferred pursuant to paragraph
(1)to the Office of the Inspector General. . Section 989E(a)(1) of such Act is amended by adding at the end the following: The Bureau of Consumer Financial Protection. .
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 940
Requirements for the Inspector General for the Bureau of Consumer Financial Protection
Cites 1Cited by 0 across 0 sources