Sec. 2. Preserving independent funding
261 words·~1 min read·
/bill/118/hr/9145/ih/section-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Financial Stability Act of 2010 ( 12 U.S.C. 5311 et seq. ) is amended— in section 152— by amending subsection
(c)to read as follows: The Director shall have sole discretion to establish the annual budget of the Office. The annual budget of the Office in any given fiscal year shall not be less than $124,627,000. The dollar amount referred to in paragraph
(2)shall be adjusted annually by the Director, using the percent increase, if any, in the employment cost index for total compensation for State and local government workers published by the Federal Government, or the successor index thereto, for the 12-month period ending September 30 of the year preceding the annual budget. The Director shall ensure that the Office has not less than 231 full-time equivalent positions. ; in subsection (d), by striking , in consultation with the Chairperson, each place such term appears; in subsection (h), by striking , in consultation with the Chairperson, ; and in subsection (i), by striking , in consultation with the Chairperson, ; and in section 155— in subsection (d), by inserting before the period the following: , as determined in the sole discretion of the Director ; and by adding at the end the following: Notwithstanding any other provision of this subtitle, the funding pursuant to subsection
(d)shall not be subject to review by the Committees on Appropriations of the House of Representatives and the Senate. Nothing in this section shall authorize the Secretary to influence the budget or the number or compensation of employees of the Office. .
Connectionstraces to 1
Traces to 1 document
U.S. Code
Citation graph
cites case law
Sec. 2
Preserving independent funding
Cites 1Cited by 0 across 0 sources