I 

112TH CONGRESS 

1ST SESSION H. R. 3044 

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

Act to repeal the Office of Financial Research. 

IN THE HOUSE OF REPRESENTATIVES 

SEPTEMBER 23, 2011 

Mr. CANSECO (for himself, Mr. HENSARLING, Mr. NEUGEBAUER, Mr. BACHUS, and Mrs. CAPITO) 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7 is hereby repealed. 


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1 (b) CONFORMING AMENDMENTS TO THE DODD2 FRANK ACT.—The Dodd-Frank Wall Street Reform and 

3 Consumer Protection Act is amended— 

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

5 (5); 

6 (2) in section 111— 

7 (A) in subsection (b)(2)— 

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

9 (ii) by redesignating subparagraphs 

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

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

12 (B) in subsection (c), by striking ‘‘sub13 paragraphs (C), (D), and (E)’’ and inserting 

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

15 (3) in section 112— 

16 (A) in subsection (a)(2)— 

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

18 ‘‘direct the Office of Financial Research 

19 to’’; 

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

21 (iii) by redesignating subparagraphs 

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

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

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

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


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1 (B) in subsection (d)— 

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

3 Office of Financial Research, member 

4 agencies, and’’ and inserting ‘‘member 

5 agencies and’’; 

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

7 Office of Financial Research, any member 

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

9 agency and’’; 

10 (iii) in paragraph (3)— 

11 (I) by striking ‘‘, acting through 

12 the Office of Financial Research,’’ 

13 each place it appears; and 

14 (II) in subparagraph (B), by 

15 striking ‘‘the Office of Financial Re16 search or’’; and 

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

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

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

20 the Office of Financial Research,’’ each place it ap21 pears; and 

22 (5) by striking section 118. 

23 (c) CONFORMING AMENDMENT TO THE PAPERWORK

24 REDUCTION ACT.—Section 2(5) of the Paperwork ReducVerDate Mar 15 2010 02:28 Sep 28, 2011 Jkt 099200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H3044.IH H3044

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1 tion Act is amended by striking ‘‘the Office of Financial 

2 Research,’’. 

3 (d) TECHNICAL AMENDMENTS.—The table of con4 tents for the Dodd-Frank Wall Street Reform and Con5 sumer Protection Act is amended— 

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

7 and 

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

9 of title I. 

Æ 


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