I 

111TH CONGRESS 

2D SESSION H. R. 5999 

To amend the Dodd-Frank Wall Street Reform and Consumer Protection 

Act to repeal the Office of Financial Research. 

IN THE HOUSE OF REPRESENTATIVES 

JULY 30, 2010 

Mr. HENSARLING introduced the following bill; which was referred to the 

Committee on Financial Services 

A BILL 

To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal the Office of Financial 

Research. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. REPEAL OF THE OFFICE OF FINANCIAL RE4 SEARCH. 

5 (a) IN GENERAL.—Subtitle B of title I of the Dodd6 Frank Wall Street Reform and Consumer Protection Act 

7 is hereby repealed. 

8 (b) CONFORMING AMENDMENTS TO THE DODD9 FRANK ACT.—The Dodd-Frank Wall Street Reform and 

10 Consumer Protection Act is amended— 


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1 (1) in section 102(a), by striking paragraph 

2 (5); 

3 (2) in section 111— 

4 (A) in subsection (b)(2)— 

5 (i) by striking subparagraph (A); and 

6 (ii) by redesignating subparagraphs 

7 (B), (C), (D), and (E) as subparagraphs 

8 (A), (B), (C), and (D), respectively; 

9 (B) in subsection (c), by striking ‘‘sub10 paragraphs (C), (D), and (E)’’ and inserting 

11 ‘‘subparagraphs (B), (C), and (D)’’; 

12 (3) in section 112— 

13 (A) in subsection (a)(2)— 

14 (i) in subparagraph (A), by striking 

15 ‘‘direct the Office of Financial Research 

16 to’’; 

17 (ii) by striking subparagraph (B); and 

18 (iii) by redesignating subparagraphs 

19 (C), (D), (E), (F), (G), (H), (I), (J), (K), 

20 (L), (M), and (N) as subparagraphs (B), 

21 (C), (D), (E), (F), (G), (H), (I), (J), (K), 

22 (L), and (M), respectively; and 

23 (B) in subsection (d)— 

24 (i) in paragraph (1), by striking ‘‘the 

25 Office of Financial Research, member 


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1 agencies, and’’ and inserting ‘‘member 

2 agencies and’’; 

3 (ii) in paragraph (2), by striking ‘‘the 

4 Office of Financial Research, any member 

5 agency, and’’ and inserting ‘‘any member 

6 agency and’’; 

7 (iii) in paragraph (3)— 

8 (I) by striking ‘‘, acting through 

9 the Office of Financial Research,’’ 

10 each place it appears; and 

11 (II) in subparagraph (B), by 

12 striking ‘‘the Office of Financial Re13 search or’’; and 

14 (iv) in paragraph (5)(A), by striking 

15 ‘‘, the Office of Financial Research,’’; 

16 (4) in section 116, by striking ‘‘, acting through 

17 the Office of Financial Research,’’ each place it ap18 pears; and 

19 (5) by striking section 118. 

20 (c) CONFORMING AMENDMENT TO THE PAPERWORK

21 REDUCTION ACT.—Section 2(5) of the Paperwork Reduc22 tion Act is amended by striking ‘‘the Office of Financial 

23 Research,’’. 


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1 (d) TECHNICAL AMENDMENTS.—The table of con2 tents for the Dodd-Frank Wall Street Reform and Con3 sumer Protection Act is amended— 

4 (1) by striking the item relating to section 118; 

5 and 

6 (2) by striking the items relating to subtitle B 

7 of title I. 

Æ 


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