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Code · BILL · 119th Congress · H.R. 1 (Placed on Calendar Senate) — To provide for reconciliation pursuant to title II of H. Con. Res. 14. · Sec. 50003

Sec. 50003. Bureau of Consumer Financial Protection

98 words·~1 min read·/bill/119/hr/1/pcs/section-50003

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Section 1017(a)(2) of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5497(a)(2) ) is amended— in subparagraph (A)(iii)— by striking 12 percent and inserting 5 percent ; and by striking 2013 and inserting 2025 ; and by striking subparagraph
(C)and inserting the following: With respect to a fiscal year, the amount of unobligated balances of the Bureau may not exceed 5 percent of the dollar amount referred to in subparagraph (A)(iii), as adjusted under subparagraph (B). The Director shall transfer any excess amount of such unobligated balances to the general fund of the Treasury. .
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Sec. 50003
Bureau of Consumer Financial Protection
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