545 
‘‘(A) IN GENERAL.—The Independent In-
surance Advocate shall serve, pursuant to sec-
tion 111(b)(1)(J) of the Financial Stability Act 
of 2010 (12 U.S.C. 5321(b)(1)(J)), as a mem-
ber on the Financial Stability Oversight Coun-
cil. 
‘‘(B) AUTHORITY.—To assist the Financial 
Stability Oversight Council with its responsibil-
ities to monitor international insurance develop-
ments, advise the Congress, and make rec-
ommendations, the Independent Insurance Ad-
vocate shall have the authority— 
‘‘(i) to regularly consult with inter-
national insurance supervisors and inter-
national financial stability counterparts; 
‘‘(ii) to consult with the Board of 
Governors of the Federal Reserve System 
and the States with respect to representing 
the United States, as appropriate, in the 
International Association of Insurance Su-
pervisors (including to become a non-voting 
member thereof), particularly on matters 
of systemic risk; 
‘‘(iii) to participate at the Financial 
Stability Board of The Group of Twenty
546 
and to join with other members from the 
United States including on matters related 
to insurance; and 
‘‘(iv) to participate with the United 
States delegation to the Organization for 
Economic Cooperation and Development 
and observe and participate at the Insur-
ance and Private Pensions Committee. 
‘‘(4) LIMITATIONS ON PARTICIPATION IN SU-
PERVISORY COLLEGES.—The Office may not engage 
in any activities that it is not specifically authorized 
to engage in under this section or any other provi-
sion of law, including participation in any super-
visory college or other meetings or fora for coopera-
tion and communication between the involved insur-
ance supervisors established for the fundamental 
purpose of facilitating the effectiveness of super-
vision of entities which belong to an insurance 
group. 
‘‘(k) SCOPE.—The authority of the Office as specified 
and limited in this section shall extend to all lines of insur-
ance except— 
‘‘(1) health insurance, as determined by the 
Secretary in coordination with the Secretary of 
Health and Human Services based on section 2791
547 
of the Public Health Service Act (42 U.S.C. 300gg- 
91); 
‘‘(2) long-term care insurance, except long-term 
care insurance that is included with life or annuity 
insurance components, as determined by the Sec-
retary in coordination with the Secretary of Health 
and Human Services, and in the case of long-term 
care insurance that is included with such compo-
nents, the Secretary shall coordinate with the Sec-
retary of Health and Human Services in performing 
the functions of the Office; and 
‘‘(3) crop insurance, as established by the Fed-
eral Crop Insurance Act (7 U.S.C. 1501 et seq.). 
‘‘(l) ACCESS TO INFORMATION.—In carrying out the 
functions required under subsection (j), the Office may co-
ordinate with any relevant Federal agency and any State 
insurance regulator (or other relevant Federal or State 
regulatory agency, if any, in the case of an affiliate of an 
insurer) and any publicly available sources for the provi-
sion to the Office of publicly available information. Not-
withstanding any other provision of law, each such rel-
evant Federal agency and State insurance regulator or 
other Federal or State regulatory agency is authorized to 
provide to the Office such data or information.
548 
‘‘(m) PREEMPTION PURSUANT TO COVERED AGREE-
MENTS.— 
‘‘(1) STANDARDS.—A State insurance measure 
shall be preempted pursuant to this section or sec-
tion 314 if, and only to the extent that the Inde-
pendent Insurance Advocate determines, in accord-
ance with this subsection, that the measure— 
‘‘(A) results in less favorable treatment of 
a non-United States insurer domiciled in a for-
eign jurisdiction that is subject to a covered 
agreement than a United States insurer domi-
ciled, licensed, or otherwise admitted in that 
State; and 
‘‘(B) is inconsistent with a covered agree-
ment. 
‘‘(2) DETERMINATION.— 
‘‘(A) NOTICE
OF
POTENTIAL
INCONSIST-
ENCY.—Before 
making 
any 
determination 
under paragraph (1), the Independent Insur-
ance Advocate shall— 
‘‘(i) notify and consult with the appro-
priate State regarding any potential incon-
sistency or preemption; 
‘‘(ii) notify and consult with the 
United States Trade Representative re-
549 
garding any potential inconsistency or pre-
emption; 
‘‘(iii) cause to be published in the 
Federal Register notice of the issue re-
garding the potential inconsistency or pre-
emption, including a description of each 
State insurance measure at issue and any 
applicable covered agreement; 
‘‘(iv) provide interested parties a rea-
sonable opportunity to submit written com-
ments to the Office; and 
‘‘(v) consider any comments received. 
‘‘(B) SCOPE OF REVIEW.—For purposes of 
this subsection, any determination of the Inde-
pendent Insurance Advocate regarding State in-
surance measures, and any preemption under 
paragraph (1) as a result of such determina-
tion, shall be limited to the subject matter con-
tained within the covered agreement involved 
and shall achieve a level of protection for insur-
ance or reinsurance consumers that is substan-
tially equivalent to the level of protection 
achieved under State insurance or reinsurance 
regulation.
550 
‘‘(C) NOTICE OF DETERMINATION OF IN-
CONSISTENCY.—Upon making any determina-
tion under paragraph (1), the Director shall— 
‘‘(i) notify the appropriate State of 
the determination and the extent of the in-
consistency; 
‘‘(ii) establish a reasonable period of 
time, which shall not be less than 30 days, 
before the determination shall become ef-
fective; and 
‘‘(iii) notify the Committees on Finan-
cial Services and Ways and Means of the 
House of Representatives and the Commit-
tees on Banking, Housing, and Urban Af-
fairs and Finance of the Senate. 
‘‘(3) NOTICE OF EFFECTIVENESS.—Upon the 
conclusion of the period referred to in paragraph 
(2)(C)(ii), if the basis for such determination still 
exists, the determination shall become effective and 
the Independent Insurance Advocate shall— 
‘‘(A) cause to be published a notice in the 
Federal Register that the preemption has be-
come effective, as well as the effective date; and 
‘‘(B) notify the appropriate State.
551 
‘‘(4) LIMITATION.—No State may enforce a 
State insurance measure to the extent that such 
measure has been preempted under this subsection. 
‘‘(5) APPLICABILITY OF ADMINISTRATIVE PRO-
CEDURES
ACT.—Determinations of inconsistency 
made pursuant to paragraph (2) shall be subject to 
the applicable provisions of subchapter II of chapter 
5 of title 5, United States Code (relating to adminis-
trative procedure), and chapter 7 of such title (relat-
ing to judicial review), except that in any action for 
judicial review of a determination of inconsistency, 
the court shall determine the matter de novo. 
‘‘(n) CONSULTATION.—The Independent Insurance 
Advocate shall consult with State insurance regulators, in-
dividually or collectively, to the extent the Independent In-
surance Advocate determines appropriate, in carrying out 
the functions of the Office. 
‘‘(o) NOTICES AND REQUESTS FOR COMMENT.—In 
addition to the other functions and duties specified in this 
section, the Independent Insurance Advocate may pre-
scribe such notices and requests for comment in the Fed-
eral Register as are deemed necessary related to and gov-
erning the manner in which the duties and authorities of 
the Independent Insurance Advocate are carried out;
552 
‘‘(p) SAVINGS PROVISIONS.—Nothing in this section 
shall— 
‘‘(1) preempt— 
‘‘(A) any State insurance measure that 
governs any insurer’s rates, premiums, under-
writing, or sales practices; 
‘‘(B) any State coverage requirements for 
insurance; 
‘‘(C) the application of the antitrust laws 
of any State to the business of insurance; or 
‘‘(D) any State insurance measure gov-
erning the capital or solvency of an insurer, ex-
cept to the extent that such State insurance 
measure results in less favorable treatment of a 
non-United State insurer than a United States 
insurer; or 
‘‘(2) affect the preemption of any State insur-
ance measure otherwise inconsistent with and pre-
empted by Federal law. 
‘‘(q) RETENTION OF AUTHORITY OF FEDERAL FI-
NANCIAL REGULATORY AGENCIES.—Nothing in this sec-
tion or section 314 shall be construed to limit the author-
ity of any Federal financial regulatory agency, including 
the authority to develop and coordinate policy, negotiate, 
and enter into agreements with foreign governments, au-
553 
thorities, regulators, and multinational regulatory commit-
tees and to preempt State measures to affect uniformity 
with international regulatory agreements. 
‘‘(r) RETENTION OF AUTHORITY OF UNITED STATES 
TRADE REPRESENTATIVE.—Nothing in this section or 
section 314 shall be construed to affect the authority of 
the Office of the United States Trade Representative pur-
suant to section 141 of the Trade Act of 1974 (19 U.S.C. 
2171) or any other provision of law, including authority 
over the development and coordination of United States 
international trade policy and the administration of the 
United States trade agreements program. 
‘‘(s) 
CONGRESSIONAL
TESTIMONY.—The 
Inde-
pendent Insurance Advocate shall appear before the Com-
mittee on Financial Services of the House of Representa-
tives and the Committee on Banking, Housing, and Urban 
Affairs at semi-annual hearings and shall provide testi-
mony, which shall include submitting written testimony in 
advance of such appearances to such committees and to 
the Committee on Ways and Means of the House of Rep-
resentatives and the Committee on Finance of the Senate, 
on the following matters: 
‘‘(1) OFFICE ACTIVITIES.—The efforts, activi-
ties, objectives, and plans of the Office.
554 
‘‘(2) SECTION
313(L)
ACTIONS.—Any actions 
taken by the Office pursuant to subsection (l) (re-
garding preemption pursuant to covered agree-
ments). 
‘‘(3) INSURANCE INDUSTRY.—The state of, and 
developments in, the insurance industry. 
‘‘(4) U.S. AND GLOBAL INSURANCE AND REIN-
SURANCE MARKETS.—The breadth and scope of the 
global insurance and reinsurance markets and the 
critical role such markets plays in supporting insur-
ance in the United States and the ongoing impacts 
of part II of the Nonadmitted and Reinsurance Re-
form Act of 2010 on the ability of State regulators 
to access reinsurance information for regulated com-
panies in their jurisdictions. 
‘‘(5) OTHER.—Any other matters as deemed 
relevant by the Independent Insurance Advocate or 
requested by such Committees. 
‘‘(t) REPORT UPON END OF TERM OF OFFICE.—Not 
later than two months prior to the expiration of the term 
of office, or discontinuation of service, of each individual 
serving as the Independent Insurance Advocate, the Inde-
pendent Insurance Advocate shall submit a report to the 
Committees on Financial Services and Ways and Means 
of the House of Representatives and the Committees on
555 
Banking, Housing, and Urban Affairs and Finance of the 
Senate setting forth recommendations regarding the Fi-
nancial Stability Oversight Council and the role, duties, 
and functions of the Independent Insurance Advocate. 
‘‘(u) DEFINITIONS.—In this section and section 314, 
the following definitions shall apply: 
‘‘(1) AFFILIATE.—The term ‘affiliate’ means, 
with respect to an insurer, any person who controls, 
is controlled by, or is under common control with the 
insurer. 
‘‘(2) COVERED
AGREEMENT.—The term ‘cov-
ered agreement’ means a written bilateral or multi-
lateral agreement regarding prudential measures 
with respect to the business of insurance or reinsur-
ance that— 
‘‘(A) is entered into between the United 
States and one or more foreign governments, 
authorities, or regulatory entities; and 
‘‘(B) relates to the recognition of pruden-
tial measures with respect to the business of in-
surance or reinsurance that achieves a level of 
protection for insurance or reinsurance con-
sumers that is substantially equivalent to the 
level of protection achieved under State insur-
ance or reinsurance regulation.
556 
‘‘(3) INSURER.—The term ‘insurer’ means any 
person engaged in the business of insurance, includ-
ing reinsurance. 
‘‘(4) FEDERAL FINANCIAL REGULATORY AGEN-
CY.—The term ‘Federal financial regulatory agency’ 
means the Department of the Treasury, the Board 
of Governors of the Federal Reserve System, the Of-
fice of the Comptroller of the Currency, the Office 
of Thrift Supervision, the Securities and Exchange 
Commission, the Commodity Futures Trading Com-
mission, the Federal Deposit Insurance Corporation, 
the Federal Housing Finance Agency, or the Na-
tional Credit Union Administration. 
‘‘(5) FINANCIAL STABILITY OVERSIGHT COUN-
CIL.—The term ‘Financial Stability Oversight Coun-
cil ’ means the Financial Stability Oversight Council 
established under section 111(a) of the Dodd-Frank 
Wall Street Reform and Consumer Protection Act 
(12 U.S.C. 5321(a)). 
‘‘(6) MEMBER
AGENCY.—The term ‘member 
agency’ has the meaning given such term in section 
111(a) of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act (12 U.S.C. 5321(a)). 
‘‘(7) NON-UNITED STATES INSURER.—The term 
‘non-United States insurer’ means an insurer that is
557 
organized under the laws of a jurisdiction other than 
a State, but does not include any United States 
branch of such an insurer. 
‘‘(8) OFFICE.—The term ‘Office’ means the Of-
fice of the Independent Insurance Advocate estab-
lished by this section. 
‘‘(9) STATE INSURANCE MEASURE.—The term 
‘State insurance measure’ means any State law, reg-
ulation, administrative ruling, bulletin, guideline, or 
practice relating to or affecting prudential measures 
applicable to insurance or reinsurance. 
‘‘(10) STATE
INSURANCE
REGULATOR.—The 
term ‘State insurance regulator’ means any State 
regulatory authority responsible for the supervision 
of insurers. 
‘‘(11) SUBSTANTIALLY
EQUIVALENT
TO
THE 
LEVEL OF PROTECTION ACHIEVED.—The term ‘sub-
stantially equivalent to the level of protection 
achieved’ means the prudential measures of a for-
eign government, authority, or regulatory entity 
achieve a similar outcome in consumer protection as 
the outcome achieved under State insurance or rein-
surance regulation. 
‘‘(12) UNITED
STATES
INSURER.—The term 
‘United States insurer’ means—
558 
‘‘(A) an insurer that is organized under 
the laws of a State; or 
‘‘(B) a United States branch of a non- 
United States insurer.’’. 
(b) PAY AT LEVEL III OF EXECUTIVE SCHEDULE.— 
Section 5314 of title 5, United States Code, is amended 
by adding at the end the following new item: 
‘‘Independent Insurance Advocate, Department 
of the Treasury.’’. 
(c) INDEPENDENCE.—Section 111 of Public Law 93– 
495 (12 U.S.C. 250) is amended— 
(1) by inserting ‘‘the Independent Insurance 
Advocate of the Department of the Treasury,’’ after 
‘‘Federal Housing Finance Agency,’’; and 
(2) by inserting ‘‘or official’’ before ‘‘submitting 
them’’. 
(d) TRANSFER OF EMPLOYEES.—All employees of 
the Department of Treasury who are performing staff 
functions for the independent member of the Financial 
Stability Oversight Council under section 111(b)(2)(J) of 
the Dodd-Frank Wall Street Reform and Consumer Pro-
tection Act (12 U.S.C. 5321(b)(2)(J)) on a full-time 
equivalent basis as of the date of enactment of this Act 
shall be eligible for transfer to the Office of the Inde-
pendent Insurance Advocate established pursuant to the
559 
amendment made by subsection (a) of this section for ap-
pointment as an employee and shall be transferred at the 
joint discretion of the Independent Insurance Advocate 
and the eligible employee. Any employee eligible for trans-
fer that is not appointed within 360 days from the date 
of enactment of this Act shall be eligible for detail under 
section 313(f)(4) of title 31, United States Code. 
(e) TEMPORARY SERVICE; TRANSITION.—Notwith-
standing the amendment made by subsection (a) of this 
section, during the period beginning on the date of the 
enactment of this Act and ending on the date on which 
the Independent Insurance Advocate is appointed and con-
firmed pursuant to section 313(b)(2) of title 31, United 
States Code, as amended by such amendment, the person 
serving, on such date of enactment, as the independent 
member of the Financial Stability Oversight Council pur-
suant to section 111(b)(1)(J) of the Dodd-Frank Wall 
Street Reform and Consumer Protection Act (12 U.S.C. 
5321(b)(1)(J)) shall act for all purposes as, and with the 
full powers of, the Independent Insurance Advocate. 
(f) COMPARABILITY
IN
COMPENSATION
SCHED-
ULES.—Subsection (a) of section 1206 of the Financial 
Institutions Reform, Recovery, and Enforcement Act of 
1989 (12 U.S.C. 1833b(a)), as amended by section 
711(c)(11)(D), is further amended by inserting ‘‘the Of-
560 
fice of the Independent Insurance Advocate of the Depart-
ment of the Treasury,’’ before ‘‘and the Farm Credit Ad-
ministration,’’. 
(g) SENIOR EXECUTIVES.—Subparagraph (D) of sec-
tion 3132(a)(1) of title 5, United States Code, is amended 
by inserting ‘‘the Office of the Independent Insurance Ad-
vocate of the Department of the Treasury,’’ after ‘‘Fi-
nance Agency,’’. 
SEC. 1102. TREATMENT OF COVERED AGREEMENTS. 
Subsection (c) of section 314 of title 31, United 
States Code is amended— 
(1) by redesignating paragraphs (1) and (2) as 
paragraphs (2) and (3), respectively; and 
(2) by inserting before paragraph (2), as so re-
designated, the following new paragraph: 
‘‘(1) the Secretary of the Treasury and the 
United States Trade Representative have caused to 
be published in the Federal Register, and made 
available for public comment for a period of not 
fewer than 30 days and not greater than 90 days 
(which period may run concurrently with the 90-day 
period for the covered agreement referred to in para-
graph (3)), the proposed text of the covered agree-
ment;’’.
561 
TITLE XII—TECHNICAL 
CORRECTIONS 
SEC. 1201. TABLE OF CONTENTS; DEFINITIONAL CORREC-
TIONS. 
(a) TABLE OF CONTENTS.—The table of contents for 
the Dodd-Frank Wall Street Reform and Consumer Pro-
tection Act (Public Law 111–203; 124 Stat. 1376) is 
amended by striking the items relating to sections 407 
through 414 and inserting the following: 
‘‘Sec. 407. Exemption of and reporting by venture capital fund advisers. 
‘‘Sec. 408. Exemption of and reporting by certain private fund advisers. 
‘‘Sec. 409. Family offices. 
‘‘Sec. 410. State and Federal responsibilities; asset threshold for Federal reg-
istration of investment advisers. 
‘‘Sec. 411. Custody of client assets. 
‘‘Sec. 414. Rule of construction relating to the Commodity Exchange Act. 
‘‘Sec. 418. Qualified client standard. 
‘‘Sec. 419. Transition period.’’. 
(b) DEFINITIONS.—Section 2 of the Dodd-Frank 
Wall Street Reform and Consumer Protection Act (12 
U.S.C. 5301) is amended— 
(1) in paragraph (1)— 
(A) by striking ‘‘section 3’’ and inserting 
‘‘section 3(w)’’; and 
(B) by striking ‘‘(12 U.S.C. 1813)’’ and 
inserting ‘‘(12 U.S.C. 1813(w))’’; 
(2) in paragraph (6), by striking ‘‘1 et seq.’’ 
and inserting ‘‘1a’’; and 
(3) in paragraph (18)(A)—
562 
(A) by striking ‘‘ ‘bank holding company’,’’; 
and 
(B) by inserting ‘‘ ‘includes’,’’ before ‘‘ ‘in-
cluding’,’’. 
SEC. 1202. ANTITRUST SAVINGS CLAUSE CORRECTIONS. 
Section 6 of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act (12 U.S.C. 5303) is amended, 
in the second sentence— 
(1) by inserting ‘‘(15 U.S.C. 12(a))’’ after 
‘‘Clayton Act’’; and 
(2) by striking ‘‘Act, to’’ and inserting ‘‘Act (15 
U.S.C. 45) to’’. 
SEC. 1203. TITLE I CORRECTIONS. 
Title I of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act (12 U.S.C. 5311 et seq.) is 
amended— 
(1) 
in 
section 
102(a)(6) 
(12 
U.S.C. 
5311(a)(6)), by inserting ‘‘(12 U.S.C. 1843(k))’’ 
after ‘‘of 1956’’ each place that term appears; 
(2) in section 111(c)(3) (12 U.S.C. 5321(c)(3)), 
by striking ‘‘that agency or department head’’ and 
inserting ‘‘the head of that member agency or de-
partment’’; 
(3) in section 112 (12 U.S.C. 5322)— 
(A) in subsection (a)(2)—
563 
(i) in subparagraph (C) (as redesig-
nated by section 151)— 
(I) by striking ‘‘to monitor’’ and 
inserting ‘‘monitor’’; and 
(II) by striking ‘‘to advise’’ and 
inserting ‘‘advise’’; 
(ii) in subparagraph (H) (as redesig-
nated by section 151), by striking ‘‘may’’; 
and 
(B) in subsection (d)(5), by striking ‘‘sub-
section and subtitle B’’ each place such term 
appears and inserting ‘‘subtitle’’; and 
(4) 
in 
section 
171(b)(4)(D) 
(12 
U.S.C. 
5371(b)(4)(D)), by adding a period at the end. 
SEC. 1204. TITLE III CORRECTIONS. 
(a) IN GENERAL.—Title III of the Dodd-Frank Wall 
Street Reform and Consumer Protection Act (12 U.S.C. 
5401 et seq.) is amended— 
(1) 
in 
section 
327(b)(5) 
(12 
U.S.C. 
5437(b)(5)), by striking ‘‘in’’ and inserting ‘‘into’’; 
(2) in section 333(b)(2) (124 Stat. 1539), by 
inserting ‘‘the second place that term appears’’ be-
fore ‘‘and inserting’’; and 
(3) in section 369(5) (124 Stat. 1559)— 
(A) in subparagraph (D)(i)—
564 
(i) in subclause (III), by redesignating 
items (aa), (bb), and (cc) as subitems 
(AA), (BB), and (CC), respectively, and 
adjusting the margins accordingly; 
(ii) in subclause (IV), by redesig-
nating items (aa) and (bb) as subitems 
(AA) and (BB), respectively, and adjusting 
the margins accordingly; 
(iii) in subclause (V), by redesignating 
items (aa), (bb), and (cc) as subitems 
(AA), (BB), and (CC), respectively, and 
adjusting the margins accordingly; and 
(iv) by redesignating subclauses (III), 
(IV), and (V) as items (bb), (cc), and (dd), 
respectively, and adjusting the margins ac-
cordingly; 
(B) in subparagraph (F)— 
(i) in clause (ii), by adding ‘‘and’’ at 
the end; 
(ii) in clause (iii), by striking ‘‘and’’ 
at the end and inserting a semicolon; and 
(iii) by striking clause (iv); and 
(C) in subparagraph (G)(i), by inserting 
‘‘each place such term appears’’ before ‘‘and in-
serting’’.
565 
(b) EFFECTIVE DATES.— 
(1) SECTION
333.—The amendment made by 
subsection (a)(2) of this section shall take effect as 
though enacted as part of subtitle C of title III of 
the Dodd-Frank Wall Street Reform and Consumer 
Protection Act (124 Stat. 1538). 
(2) SECTION 369.—The amendments made by 
subsection (a)(3) of this section shall take effect as 
though enacted as part of subtitle E of title III of 
the Dodd-Frank Wall Street Reform and Consumer 
Protection Act (124 Stat. 1546). 
SEC. 1205. TITLE IV CORRECTION. 
Section 414 of the Dodd-Frank Wall Street Reform 
and Consumer Protection Act (124 Stat. 1578) is amend-
ed in the section heading by striking ‘‘COMMODITIES’’ 
and inserting ‘‘COMMODITY’’. 
SEC. 1206. TITLE VI CORRECTIONS. 
(a) IN GENERAL.—Section 610 of the Dodd-Frank 
Wall Street Reform and Consumer Protection Act (124 
Stat. 1596) is amended— 
(1) by striking subsection (b); and 
(2) by redesignating subsection (c) as sub-
section (b). 
(b) EFFECTIVE DATE.—The amendments made by 
subsection (a) of this section shall take effect as though
566 
enacted as part of section 610 of the Dodd-Frank Wall 
Street Reform and Consumer Protection Act (124 Stat. 
1611). 
SEC. 1207. TITLE VII CORRECTIONS. 
(a) IN GENERAL.—Title VII of the Dodd-Frank Wall 
Street Reform and Consumer Protection Act (15 U.S.C. 
8301 et seq.) is amended— 
(1) 
in 
section 
719(c)(1)(B) 
(15 
U.S.C. 
8307(c)(1)(B)), by adding a period at the end; 
(2) in section 723(a)(1)(B) (124 Stat. 1675), 
by inserting ‘‘, as added by section 107 of the Com-
modity Futures Modernization Act of 2000 (Appen-
dix E of Public Law 106–554; 114 Stat. 2763A– 
382),’’ after ‘‘subsection (i)’’; 
(3) in section 724(a), by striking ‘‘adding at the 
end’’ and inserting ‘‘inserting after subsection (e)’’; 
(4) in section 734(b)(1) (124 Stat. 1718), by 
striking ‘‘is amended’’ and all that follows through 
‘‘(B) in’’ and inserting ‘‘is amended in’’; 
(5) in section 741(b)(10) (124 Stat. 1732), by 
striking ‘‘1a(19)(A)(iv)(II)’’ each place it appears 
and inserting ‘‘1a(18)(A)(iv)(II)’’; and 
(6) in section 749 (124 Stat. 1746)—
567 
(A) in subsection (a)(2), by striking ‘‘add-
ing at the end’’ and inserting ‘‘inserting after 
subsection (f)’’; and 
(B) in subsection (h)(1)(B), by inserting 
‘‘the second place that term appears’’ before the 
semicolon. 
(b) EFFECTIVE DATE.—The amendments made by 
paragraphs (3), (4), (5), and (6) of subsection (a) of this 
section shall take effect as though enacted as part of part 
II of subtitle A of title VII of the Dodd-Frank Wall Street 
Reform and Consumer Protection Act (124 Stat. 1658). 
SEC. 1208. TITLE IX CORRECTIONS. 
Section 939(h)(1) of the Dodd-Frank Wall Street Re-
form and Consumer Protection Act (124 Stat. 1887) is 
amended— 
(1) in the matter preceding subparagraph (A), 
by inserting ‘‘The’’ before ‘‘Commission’’; and 
(2) by striking ‘‘feasability’’ and inserting ‘‘fea-
sibility’’. 
SEC. 1209. TITLE X CORRECTIONS. 
(a) IN GENERAL.—Title X of the Dodd-Frank Wall 
Street Reform and Consumer Protection Act (12 U.S.C. 
5481 et seq.) is amended—
568 
(1) 
in 
section 
1002(12)(G) 
(12 
U.S.C. 
5481(12)(G)), by striking ‘‘Home Owners’’ and in-
serting ‘‘Homeowners’’; 
(2) in section 1013(a)(1)(C) (12 U.S.C. 
5493(a)(1)(C)), by striking ‘‘section 11(1) of the 
Federal Reserve Act (12 U.S.C. 248(1))’’ and in-
serting ‘‘subsection (l) of section 11 of the Federal 
Reserve Act (12 U.S.C. 248(l)’’; 
(3) in section 1017(a)(2) (as so redesignated by 
section 712) (12 U.S.C. 5497(a)(5))— 
(A) in subparagraph (A), in the last sen-
tence by striking ‘‘716(c) of title 31, United 
States Code’’ and inserting ‘‘716 of title 31, 
United States Code’’; and 
(B) in subparagraph (C), by striking ‘‘sec-
tion 3709 of the Revised Statutes of the United 
States (41 U.S.C. 5)’’ and inserting ‘‘section 
6101 of title 41, United States Code’’; 
(4) in section 1027(d)(1)(B) (12 U.S.C. 
5517(d)(1)(B)), by inserting a comma after ‘‘(A)’’; 
(5) in section 1029(d) (12 U.S.C. 5519(d)), by 
striking the period after ‘‘Commission Act’’; 
(6) 
in 
section 
1061(b)(7) 
(12 
U.S.C. 
5581(b)(7))—
569 
(A) by striking ‘‘Secretary of the Depart-
ment of Housing and Urban Development’’ 
each place that term appears and inserting 
‘‘Department of Housing and Urban Develop-
ment’’; and 
(B) in subparagraph (A), by striking ‘‘(12 
U.S.C. 5102 et seq.)’’ and inserting ‘‘(12 
U.S.C. 5101 et seq.)’’; 
(7) in section 1063 (12 U.S.C. 5583)— 
(A) in subsection (f)(1)(B), by striking 
‘‘that’’; and 
(B) in subsection (g)(1)(A)— 
(i) by striking ‘‘(12 U.S.C. 5102 et 
seq.)’’ and inserting ‘‘(12 U.S.C. 5101 et 
seq.)’’; and 
(ii) by striking ‘‘seq)’’ and inserting 
‘‘seq.)’’; 
(8) in section 1064(i)(1)(A)(iii) (12 U.S.C. 
5584(i)(1)(A)(iii)), by inserting a period before ‘‘If 
an’’; 
(9) 
in 
section 
1073(c)(2) 
(12 
U.S.C. 
5601(c)(2))— 
(A) in the paragraph heading, by inserting 
‘‘AND
EDUCATION’’ after ‘‘FINANCIAL
LIT-
ERACY’’; and
570 
(B) by striking ‘‘its duties’’ and inserting 
‘‘their duties’’; 
(10) 
in 
section 
1076(b)(1) 
(12 
U.S.C. 
5602(b)(1)), by inserting before the period at the 
end the following: ‘‘, the Agency may, after notice 
and opportunity for comment, prescribe regula-
tions’’; 
(11) in section 1077(b)(4)(F) (124 Stat. 2076), 
by striking ‘‘associates’’ and inserting ‘‘associate’s’’; 
(12) in section 1084(1) (124 Stat. 2081), by in-
serting a comma after ‘‘2009)’’; 
(13) in section 1089 (124 Stat. 2092)— 
(A) in paragraph (3)— 
(i) in subparagraph (A), by striking 
‘‘and’’ at the end; and 
(ii) in subparagraph (B)(vi), by strik-
ing the period at the end and inserting ‘‘; 
and’’; and 
(B) by redesignating paragraph (4) as sub-
paragraph (C) and adjusting the margins ac-
cordingly; and 
(14) in section 1098(6) (124 Stat. 2104), by in-
serting ‘‘the first place that term appears’’ before 
‘‘and’’.
571 
(b) EFFECTIVE DATE.—The amendments made by 
paragraphs (11), (12), (13), (14), and (15) of subsection 
(a) shall take effect as though enacted as part of subtitle 
H of title X of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act (124 Stat. 2080). 
SEC. 1210. TITLE XII CORRECTION. 
Title XII of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act (124 Stat. 2129) is amended, 
in section 1208(b) (12 U.S.C. 5626(b)), by inserting ‘‘, 
as defined in section 103(10) of the Riegle Community 
Development and Regulatory Improvement Act of 1994 
(12 U.S.C. 4702(10)),’’ after ‘‘appropriated to the Fund’’. 
SEC. 1211. TITLE XIV CORRECTION. 
Title XIV of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act (124 Stat. 2136) is amended, 
in section 1451(c) (12 U.S.C. 1701x–1(c)), by striking 
‘‘pursuant’’. 
SEC. 1212. TECHNICAL CORRECTIONS TO OTHER STAT-
UTES. 
(a) ALTERNATIVE MORTGAGE TRANSACTION PARITY 
ACT OF 1982.—The Alternative Mortgage Transaction 
Parity Act of 1982 (12 U.S.C. 3801 et seq.) is amended— 
(1) 
in 
section 
802(a)(3) 
(12 
U.S.C. 
3801(a)(3)), by striking ‘‘the Director of the Office
572 
of Thrift Supervision’’ and inserting ‘‘the Consumer 
Law Enforcement Agency’’; 
(2) in section 804 (12 U.S.C. 3803)— 
(A) in subsection (a), by striking ‘‘the Di-
rector of the Office of Thrift Supervision’’ each 
place such term appears and inserting ‘‘the 
Comptroller of the Currency’’; and 
(B) in subsection (d)(1), by striking the 
comma after ‘‘Administration’’. 
(b) BANK HOLDING COMPANY ACT AMENDMENTS OF 
1970.—Section 106(b)(1) of the Bank Holding Company 
Act Amendments of 1970 (12 U.S.C. 1972(1)) is amend-
ed, in the undesignated matter at the end, by striking 
‘‘Federal Deposit Insurance Company’’ and inserting 
‘‘Federal Deposit Insurance Corporation’’. 
(c) BALANCED BUDGET AND EMERGENCY DEFICIT 
CONTROL ACT.—Section 255(g)(1)(A) of the Balanced 
Budget and Emergency Deficit Control Act of 1985 (2 
U.S.C. 905(g)(1)(A)) is amended by striking ‘‘Office of 
Thrift Supervision (20–4108–0–3–373).’’. 
(d) BRETTON WOODS AGREEMENTS ACT.—Section 
68(a)(1) of the Bretton Woods Agreements Act (22 U.S.C. 
286tt(a)(1)) is amended by striking ‘‘Fund ,’’ and insert-
ing ‘‘Fund,’’.
573 
(e) CAN–SPAM ACT OF 2003.—Section 7(b)(1)(D) 
of 
the 
CAN–SPAM 
Act 
of 
2003 
(15 
U.S.C. 
7706(b)(1)(D)) is amended by striking ‘‘Director of the 
Office of Thrift Supervision’’ and inserting ‘‘Comptroller 
of the Currency or the Board of Directors of Federal De-
posit Insurance Corporation, as applicable’’. 
(f) CHILDREN’S ONLINE PRIVACY PROTECTION ACT 
OF 1998.—Section 1306(b)(2) of the Children’s Online 
Privacy Protection Act of 1998 (15 U.S.C. 6505(b)(2)) 
is amended by striking ‘‘Director of the Office of Thrift 
Supervision’’ and inserting ‘‘Comptroller of the Currency 
or the Board of Directors of Federal Deposit Insurance 
Corporation, as applicable’’. 
(g) COMMUNITY REINVESTMENT ACT OF 1977.—The 
Community Reinvestment Act of 1977 (12 U.S.C. 2901 
et seq.) is amended— 
(1) 
in 
section 
803(1)(C) 
(12 
U.S.C. 
2902(1)(C)), by striking the period at the end and 
inserting a semicolon; and 
(2) in section 806 (12 U.S.C. 2905), by striking 
‘‘companies,,’’ and inserting ‘‘companies,’’. 
(h) CREDIT REPAIR ORGANIZATIONS ACT.—Section 
403(4) of the Credit Repair Organizations Act (15 U.S.C. 
1679a(4)) is amended by striking ‘‘103(e)’’ and inserting 
‘‘103(f)’’.
574 
(i) DEPOSITORY INSTITUTION MANAGEMENT INTER-
LOCKS ACT.—Section 205(9) of the Depository Institution 
Management Interlocks Act (12 U.S.C. 3204(9)) is 
amended by striking ‘‘Director of the Office of Thrift Su-
pervision’’ and inserting ‘‘appropriate Federal banking 
agency’’. 
(j) ECONOMIC GROWTH AND REGULATORY PAPER-
WORK REDUCTION ACT OF 1996.—Section 2227(a)(1) of 
the Economic Growth and Regulatory Paperwork Reduc-
tion Act of 1996 (12 U.S.C. 252(a)(1)) is amended by 
striking ‘‘the Director of the Office of Thrift Super-
vision,’’. 
(k) ELECTRONIC FUND TRANSFER ACT.—The Elec-
tronic Fund Transfer Act (15 U.S.C. 1693 et seq.) is 
amended— 
(1) in section 903 (15 U.S.C. 1693a)— 
(A) in paragraph (2), by striking ‘‘103(i)’’ 
and inserting ‘‘103(j)’’; and 
(B) by redesignating the first paragraph 
designated as paragraph (4) (defining the term 
‘‘Board’’), as paragraph (3); 
(2) in section 904(a) (15 U.S.C. 1693b(a))— 
(A) by redesignating the second paragraph 
designated as paragraph (1) (relating to con-
sultation with other agencies), the second para-
575 
graph designated as paragraph (2) (relating to 
the preparation of an analysis of economic im-
pact), paragraph (3), and paragraph (4), as 
subparagraphs (A), (B), (C), and (D), respec-
tively, and adjusting the margins accordingly; 
(B) by striking ‘‘In prescribing such regu-
lations, the Board shall:’’ and inserting the fol-
lowing: 
‘‘(3) REGULATIONS.—In prescribing regulations 
under this subsection, the Agency and the Board 
shall—’’; 
(C) in paragraph (3)(C), as so redesig-
nated, by striking ‘‘the Board shall’’; and 
(D) in paragraph (3)(D), as so redesig-
nated— 
(i) by inserting ‘‘send promptly’’ be-
fore ‘‘any’’; and 
(ii) by striking ‘‘shall be sent prompt-
ly to Congress by the Board’’ and inserting 
‘‘to Congress’’; 
(3) in section 909(c) (15 U.S.C. 1693g(c)), by 
striking ‘‘103(e)’’ and inserting ‘‘103(f)’’; 
(4) 
in 
section 
918(a)(4) 
(15 
U.S.C. 
1693o(a)(4), by striking ‘‘Act and’’ and inserting 
‘‘Act; and’’;
576 
(5) by redesignating the section added by sec-
tion 1073(4) of the Dodd-Frank Wall Street Reform 
and Consumer Protection Act (relating to remittance 
transfers) (15 U.S.C. 1693o–1) as section 920 of 
the Electronic Fund Transfer Act; 
(6) by redesignating the section headed ‘‘Rea-
sonable fees and rules for payment card transaction’’ 
(15 U.S.C. 1693o–2) as section 921 of the Elec-
tronic Fund Transfer Act; 
(7) by redesignating the section headed ‘‘Rela-
tion to State laws’’ (15 U.S.C. 1693q) as section 
922 of the Electronic Fund Transfer Act; 
(8) by redesignating the section headed ‘‘Ex-
emption for State regulation’’ (15 U.S.C. 1693r) as 
section 923 of the Electronic Fund Transfer Act; 
and 
(9) by redesignating the section headed ‘‘Effec-
tive date’’ (15 U.S.C. 1693 note) as section 924 of 
the Electronic Fund Transfer Act. 
(l) EMERGENCY ECONOMIC STABILIZATION ACT OF 
2008.—Section 101(b) of the Emergency Economic Sta-
bilization Act of 2008 (12 U.S.C. 5211(b)) is amended 
by striking ‘‘the Director of the Office of Thrift Super-
vision,’’.
577 
(m) EQUAL CREDIT OPPORTUNITY ACT.—The Equal 
Credit Opportunity Act (15 U.S.C. 1691 et seq.) is 
amended— 
(1) in section 703 (15 U.S.C. 1691b)— 
(A) in each of subsections (c) and (d), by 
striking ‘‘paragraph’’ each place that term ap-
pears and inserting ‘‘subsection’’; and 
(B) in subsection (g), by adding a period 
at the end; 
(2) in section 704 (15 U.S.C. 1691c)— 
(A) in subsection (a)— 
(i) by striking ‘‘Consumer Protection 
Financial Protection Act of 2010 with’’ 
and inserting ‘‘Consumer Financial Protec-
tion Act of 2010, compliance with’’; 
(ii) in paragraph (1)— 
(I) by striking ‘‘section 8’’ and 
inserting ‘‘Section 8’’; and 
(II) in subparagraph (C), by 
striking 
‘‘banks;’’ 
and 
inserting 
‘‘banks.’’; 
(iii) in each of paragraphs (6) and 
(7), by striking the semicolon at the end 
and inserting a period; and
578 
(iv) in paragraph (8), by striking ‘‘; 
and’’ and inserting a period; and 
(B) in subsection (c), in the second sen-
tence, by striking ‘‘subchapter’’ and inserting 
‘‘title’’; and 
(3) in section 706(k) (15 U.S.C. 1691e(k)), by 
striking ‘‘, (2), or (3)’’ and inserting ‘‘or (2)’’. 
(n) EXPEDITED FUNDS AVAILABILITY ACT.—The 
Expedited Funds Availability Act (12 U.S.C. 4001 et seq.) 
is amended— 
(1) 
in 
section 
605(f)(2)(A) 
(12 
U.S.C. 
4004(f)(2)(A)), by striking ‘‘,,’’ and inserting a 
semicolon; and 
(2) 
in 
section 
610(a)(2) 
(12 
U.S.C. 
4009(a)(2)), by striking ‘‘Director of the Office of 
Thrift Supervision’’ and inserting ‘‘Comptroller of 
the Currency and the Board of Directors of the Fed-
eral Deposit Insurance Corporation, as appro-
priate,’’. 
(o) FAIR CREDIT REPORTING ACT.—The Fair Credit 
Reporting Act (15 U.S.C. 1681 et seq.) is amended— 
(1) in section 603 (15 U.S.C. 1681a)— 
(A) in subsection (d)(2)(D), by striking 
‘‘(x)’’ and inserting ‘‘(y)’’;
579 
(B) in subsection (q)(5), by striking 
‘‘103(i)’’ and inserting ‘‘103(j)’’; and 
(C) in subsection (v), by striking ‘‘Bureau’’ 
and inserting ‘‘Federal Trade Commission’’; 
(2) in section 604 (15 U.S.C. 1681b)— 
(A) in subsection (b)— 
(i) in paragraph (2)(B)(i), by striking 
‘‘section 615(a)(3)’’ and inserting ‘‘section 
615(a)(4)’’; 
(ii) in paragraph (3)(B)(ii), by strik-
ing ‘‘clause (B)(i)(IV)’’ and inserting 
‘‘clause (i)(IV)’’; 
(iii) in paragraph (4)(A)(ii), by insert-
ing ‘‘and’’ after the semicolon; and 
(iv) by striking ‘‘section 609(c)(3)’’ 
each place that term appears and inserting 
‘‘section 609(c)’’; and 
(B) in subsection (g)(5), by striking 
‘‘PARAGRAPH
(2).—’’ and all that follows 
through ‘‘The Bureau’’ and inserting ‘‘PARA-
GRAPH (2).—The Agency’’; 
(3) in section 605 (15 U.S.C. 1681c)— 
(A) in subsection (f), by striking ‘‘who’’ 
and inserting ‘‘which’’; and 
(B) in subsection (h)(2)(A)—
580 
(i) by striking ‘‘shall,,’’ and inserting 
‘‘shall,’’; and 
(ii) by striking ‘‘Commission,,’’ and 
inserting ‘‘Commission,’’; 
(4) in paragraphs (1)(A), (1)(B)(i), (2)(A)(i), 
and (2)(B) of section 605A(h) (15 U.S.C. 1681c– 
1(h))— 
(A) by striking ‘‘103(i)’’ each place that 
term appears and inserting ‘‘103(j)’’ ; and 
(B) by striking ‘‘open-end’’ each place that 
term appears and inserting ‘‘open end’’; 
(5) 
in 
section 
607(e)(3)(A) 
(15 
U.S.C. 
1681e(e)(3)(A)), 
by 
striking 
‘‘section 
604(b)(4)(E)(i)’’ 
and 
inserting 
‘‘section 
604(b)(4)(D)(i)’’; 
(6) in section 609 (15 U.S.C. 1681g)— 
(A) in subsection (a)(3)(C)(i), by striking 
‘‘section 604(b)(4)(E)(i)’’ and inserting ‘‘sec-
tion 604(b)(4)(D)(i)’’; 
(B) in subsection (c)(1)— 
(i) in the paragraph heading, by strik-
ing ‘‘COMMISSION’’ and inserting ‘‘BU-
REAU’’; and 
(ii) in subparagraph (B)(vi), by strik-
ing ‘‘603(w)’’ and inserting ‘‘603(x)’’;
581 
(C) in subsection (e)(2)(B)(ii)(II), by strik-
ing ‘‘an’’; and 
(D) by striking ‘‘The Commission’’ each 
place that term appears and inserting ‘‘The Bu-
reau’’; 
(7) in section 610 (15 U.S.C. 1681h)— 
(A) in subsection (b)(1), by inserting ‘‘sec-
tion’’ after ‘‘under’’; and 
(B) in subsection (e), by inserting a 
comma after ‘‘on the report’’; 
(8) in section 611 (15 U.S.C. 1681i), by strik-
ing ‘‘The Commission’’ each place that term appears 
and inserting ‘‘The Agency’’; 
(9) in section 612 (15 U.S.C. 1681j)— 
(A) in subsection (a)(1)— 
(i) by striking ‘‘(w)’’ and inserting 
‘‘(x)’’; and 
(ii) in subparagraph (C), by striking 
‘‘603(w)’’ each place that term appears 
and inserting ‘‘603(x)’’; 
(B) 
in 
subsection 
(g), 
by 
striking 
‘‘televison’’ and inserting ‘‘television’’; and 
(C) by striking ‘‘The Commission’’ each 
place that term appears and inserting ‘‘The Bu-
reau’’;
582 
(10) in section 621 (15 U.S.C. 1681s)— 
(A) in subsection (a)(1), in the first sen-
tence, by striking ‘‘, subsection (b)’’; 
(B) in subsection (e)(2), by inserting a pe-
riod after ‘‘provisions of this title’’; and 
(C) in subsection (f)(2), by striking ‘‘The 
Commission’’ and inserting ‘‘The Agency’’ and 
(11) in section 623(a)(5) (15 U.S.C. 1681s– 
2(a)(5)), by striking ‘‘OF ACCOUNTS.—(A) IN GEN-
ERAL.—A person’’ and inserting ‘‘OF ACCOUNTS.— 
‘‘(A) IN GENERAL.—A person’’. 
(p) 
FEDERAL
CREDIT
UNION
ACT.—Section 
206(g)(7)(D)(iv) of the Federal Credit Union Act (12 
U.S.C. 1786(g)(7)(D)(iv)) is amended by striking the 
semicolon at the end and inserting a period. 
(q) FEDERAL DEPOSIT INSURANCE ACT.—The Fed-
eral Deposit Insurance Act (12 U.S.C. 1811 et seq.) is 
amended— 
(1) 
in 
section 
3(q)(2)(C) 
(12 
U.S.C. 
1813(q)(2)(C)), by adding ‘‘and’’ at the end; 
(2) in section 7 (12 U.S.C. 1817)— 
(A) in subsection (b)(2)— 
(i) in subparagraph (A), by striking 
‘‘(D)’’ and inserting ‘‘(C)’’; and
583 
(ii) by redesignating subparagraphs 
(D) and (E) as subparagraphs (C) and 
(D), respectively; and 
(B) in subsection (e)(2)(C), by adding a 
period at the end; 
(3) in section 8 (12 U.S.C. 1818)— 
(A) in subsection (b)(3), by striking 
‘‘Act))’’ and inserting ‘‘Act)’’; and 
(B) in subsection (t)(2)(C), by striking 
‘‘depositors or’’ and inserting ‘‘depositors; or’’; 
(4) in section 11 (12 U.S.C. 1821)— 
(A) in subsection (d)(2)(I)(ii), by striking 
‘‘and section 21A(b)(4)’’; and 
(B) in subsection (m), in each of para-
graphs (16) and (18), by striking the comma 
after ‘‘Comptroller of the Currency’’ each place 
it appears; and 
(5) in section 26(a) (12 U.S.C. 1831c(a)), by 
striking ‘‘Holding Company Act’’ each place that 
term appears and inserting ‘‘Holding Company Act 
of 1956’’. 
(r) FEDERAL FIRE PREVENTION AND CONTROL ACT 
OF 1974.—Section 31(a)(5)(B) of the Federal Fire Pre-
vention 
and 
Control 
Act 
of 
1974 
(15 
U.S.C. 
2227(a)(5)(B)) is amended by striking ‘‘the Federal De-
584 
posit Insurance Corporation’’ and all that follows through 
the period and inserting ‘‘or the Federal Deposit Insur-
ance Corporation under the affordable housing program 
under section 40 of the Federal Deposit Insurance Act.’’. 
(s) FEDERAL HOME LOAN BANK ACT.—The Federal 
Home Loan Bank Act (12 U.S.C. 1421 et seq.) is amend-
ed— 
(1) in section 10(h)(1) (12 U.S.C. 1430(h)(1)), 
by striking ‘‘Director of the Office of Thrift Super-
vision’’ and inserting ‘‘Comptroller of the Currency 
or the Board of Directors of the Federal Deposit In-
surance Corporation, as applicable’’; and 
(2) in section 22(a) (12 U.S.C. 1442(a))— 
(A) in the matter preceding paragraph (1), 
by striking ‘‘Comptroller of the Currency’’ and 
all that follows through ‘‘Supervision’’ and in-
serting ‘‘Comptroller of the Currency, the 
Chairman of the Board of Governors of the 
Federal Reserve System, the Chairperson of the 
Federal Deposit Insurance Corporation, and the 
Chairman of the National Credit Union Admin-
istration’’; and 
(B) in the undesignated matter following 
paragraph (2), by striking ‘‘Comptroller of the 
Currency’’ and all that follows through ‘‘Super-
585 
vision’’ and inserting ‘‘Comptroller of the Cur-
rency, the Chairman of the Board of Governors 
of the Federal Reserve System, and the Chair-
man of the National Credit Union Administra-
tion’’. 
(t) FEDERAL RESERVE ACT.—Paragraph (8)(B) of 
section 11(s) of the Federal Reserve Act (headed ‘‘Federal 
Reserve Transparency and Release of Information’’) (12 
U.S.C. 248) is amended by striking ‘‘this section’’ and in-
serting ‘‘this subsection’’. 
(u) FINANCIAL INSTITUTIONS REFORM, RECOVERY, 
AND ENFORCEMENT ACT OF 1989.—The Financial Insti-
tutions Reform, Recovery, and Enforcement Act of 1989 
(Public Law 101–73; 103 Stat. 183) is amended in section 
1121(6) (12 U.S.C. 3350(6)), by striking ‘‘the Office of 
Thrift Supervision,’’. 
(v) GRAMM-LEACH-BLILEY
ACT.—The Gramm- 
Leach-Bliley Act (Public Law 106–102; 113 Stat. 1338) 
is amended— 
(1) in section 132(a) (12 U.S.C. 1828b(a)), by 
striking ‘‘the Director of the Office of Thrift Super-
vision,’’; 
(2) in section 206(a) (15 U.S.C. 78c note), by 
striking ‘‘Except as provided in subsection (e), for’’ 
and inserting ‘‘For’’;
586 
(3) in section 502(e)(5) (15 U.S.C. 6802(e)(5)), 
by striking ‘‘a Federal’’ and inserting ‘‘, a Federal’’; 
(4) 
in 
section 
504(a)(2) 
(15 
U.S.C. 
6804(a)(2)), by striking ‘‘and, as appropriate, and 
with’’ and inserting ‘‘and, as appropriate, with’’; 
(5) in section 509(2) (15 U.S.C. 6809(2))— 
(A) by striking subparagraph (D); and 
(B) by redesignating subparagraphs (E) 
and (F) as subparagraphs (D) and (E), respec-
tively; and 
(6) in section 522(b)(1)(A)(iv) (15 U.S.C. 
6822(b)(1)(A)(iv)), by striking ‘‘Director of the Of-
fice of Thrift Supervision’’ and inserting ‘‘Comp-
troller of the Currency and the Board of Directors 
of the Federal Deposit Insurance Corporation, as 
appropriate’’. 
(w) HELPING FAMILIES SAVE THEIR HOMES ACT OF 
2009.—Section 104 of the Helping Families Save Their 
Homes Act of 2009 (12 U.S.C. 1715z–25) is amended— 
(1) in subsection (a)— 
(A) in the matter preceding paragraph 
(1)— 
(i) by striking ‘‘and the Director of 
the Office of Thrift Supervision, shall 
jointly’’ and inserting ‘‘shall’’;
587 
(ii) by striking ‘‘Senate,’’ and insert-
ing ‘‘Senate and’’; 
(iii) by striking ‘‘and the Office of 
Thrift Supervision’’; and 
(iv) by striking ‘‘each such’’ and in-
serting ‘‘such’’; and 
(B) in paragraph (1), by striking ‘‘and the 
Office of Thrift Supervision’’; and 
(2) in subsection (b)(1)— 
(A) in subparagraph (A)— 
(i) in the first sentence— 
(I) by striking ‘‘and the Director 
of the Office of Thrift Supervision,’’; 
and 
(II) by striking ‘‘or the Direc-
tor’’; and 
(ii) in the second sentence, by striking 
‘‘and the Director of the Office of Thrift 
Supervision’’; and 
(B) in subparagraph (B), by striking ‘‘and 
the Director of the Office of Thrift Super-
vision’’. 
(x) HOME MORTGAGE DISCLOSURE ACT OF 1975.— 
The Home Mortgage Disclosure Act of 1975 (12 U.S.C. 
2801 et seq.) is amended—
588 
(1) in section 304— 
(A) in subsection (b)(5)(A), by striking 
‘‘15 U.S.C. 1602(aa)(4)’’ and inserting ‘‘section 
103(aa)(4) of the Truth in Lending Act’’; and 
(B) in subsection (j)(3) (12 U.S.C. 
2803(j)(3)), by adding a period at the end; and 
(2) 
in 
section 
305(b)(1)(A) 
(12 
U.S.C. 
2804(b)(1)(A))— 
(A) in the matter preceding clause (i), by 
inserting ‘‘by’’ before ‘‘the appropriate Federal 
banking agency’’; and 
(B) in clause (iii), by striking ‘‘bank as,’’ 
and inserting ‘‘bank, as’’. 
(y) HOME OWNERS’ LOAN ACT.—The Home Owners’ 
Loan Act (12 U.S.C. 1461 et seq.) is amended— 
(1) in section 5 (12 U.S.C. 1464)— 
(A) in subsection (d)(2)(E)(ii)— 
(i) in the first sentence, by striking 
‘‘Except as provided in section 21A of the 
Federal Home Loan Bank Act, the’’ and 
inserting ‘‘The’’; and 
(ii) by striking ‘‘, at the Director’s 
discretion,’’; 
(B) in subsection (i)(6), by striking ‘‘the 
Office of Thrift Supervision or’’;
589 
(C) in subsection (m), by striking ‘‘Direc-
tor’s’’ each place that term appears and insert-
ing ‘‘appropriate Federal banking agency’s’’; 
(D) in subsection (n)(9)(B), by striking 
‘‘Director’s’’ and inserting ‘‘Comptroller’s’’; and 
(E) in subsection (s)— 
(i) in paragraph (1)— 
(I) in the matter preceding sub-
paragraph (A), by striking ‘‘of such 
Act)’’ and all that follows through 
‘‘shall require’’ and inserting ‘‘of such 
Act), the appropriate Federal banking 
agency shall require’’; and 
(II) in subparagraph (B), by 
striking ‘‘other methods’’ and all that 
follows through ‘‘determines’’ and in-
serting ‘‘other methods as the appro-
priate Federal banking agency deter-
mines’’; 
(ii) in paragraph (2)— 
(I) by striking ‘‘DETERMINED’’ 
and all that follows through ‘‘may, 
consistent’’ and inserting ‘‘DETER-
MINED
BY
APPROPRIATE
FEDERAL 
BANKING
AGENCY
CASE-BY-CASE.—
590 
The 
appropriate 
Federal 
banking 
agency may, consistent’’; and 
(II) by striking ‘‘capital-to-as-
sets’’ and all that follows through 
‘‘determines to be necessary’’ and in-
serting ‘‘capital-to-assets as the ap-
propriate Federal banking agency de-
termines to be necessary’’; and 
(iii) in paragraph (3)— 
(I) by striking ‘‘agency, may’’ 
and inserting ‘‘agency may’’; and 
(II) by striking ‘‘the Comp-
troller’’ and inserting ‘‘the appro-
priate Federal banking agency’’; 
(2) in section 6(c) (12 U.S.C. 1465(c)), by 
striking ‘‘sections’’ and inserting ‘‘section’’; 
(3) in section 10 (12 U.S.C. 1467a)— 
(A) in subsection (b)(6), by striking 
‘‘time’’ and all that follows through ‘‘release’’ 
and inserting ‘‘time, upon the motion or appli-
cation of the Board, release’’; 
(B) in subsection (c)(2)(H)— 
(i) in the matter preceding clause 
(i)—
591 
(I) by striking ‘‘1841(p))’’ and 
inserting ‘‘1841(p)))’’; and 
(II) by inserting ‘‘(12 U.S.C. 
1843(k))’’ before ‘‘if—’’; and 
(ii) in clause (i), by inserting ‘‘of 1956 
(12 U.S.C. 1843(l) and (m))’’ after ‘‘Com-
pany Act’’; and 
(C) in subsection (e)(7)(B)(iii)— 
(i) by striking ‘‘Board of the Office of 
Thrift Supervision’’ and inserting ‘‘Direc-
tor of the Office of Thrift Supervision’’; 
and 
(ii) by inserting ‘‘, as defined in sec-
tion 2 of the Dodd-Frank Wall Street Re-
form and Consumer Protection Act (12 
U.S.C. 5301)’’ after ‘‘transfer date’’; and 
(4) in section 13 (12 U.S.C. 1468b), by striking 
‘‘the a’’ and inserting ‘‘a’’. 
(z) HOUSING ACT OF 1948.—Section 502(c)(3) of 
the Housing Act of 1948 (12 U.S.C. 1701c(c)(3)) is 
amended by striking ‘‘Federal Home Loan Bank Agency’’ 
and inserting ‘‘Federal Housing Finance Agency’’. 
(aa) HOUSING AND URBAN DEVELOPMENT ACT OF 
1968.—Section 106(h)(5) of the Housing and Urban De-
592 
velopment Act of 1968 (12 U.S.C. 1701x(h)(5)) is amend-
ed by striking ‘‘authorised’’ and inserting ‘‘authorized’’. 
(bb) INTERNATIONAL BANKING ACT OF 1978.—Sec-
tion 15 of the International Banking Act of 1978 (12 
U.S.C. 3109) is amended— 
(1) in each of subsections (a) and (b)— 
(A) by striking ‘‘, and Director of the Of-
fice of Thrift Supervision’’ each place that term 
appears; and 
(B) by inserting ‘‘and’’ before ‘‘Federal 
Deposit’’ each place that term appears; 
(2) in subsection (a), by striking ‘‘Comptroller, 
Corporation, or Director’’ and inserting ‘‘Comp-
troller of the Currency, or Corporation’’; and 
(3) in subsection (c)(4)— 
(A) by inserting ‘‘and’’ before ‘‘the Federal 
Deposit’’; and 
(B) by striking ‘‘, and the Director of the 
Office of Thrift Supervision’’. 
(cc) INTERNATIONAL LENDING SUPERVISION ACT OF 
1983.—Section 912 of the International Lending Super-
vision Act of 1983 (12 U.S.C. 3911) is amended— 
(1) by amending the section heading to read as 
follows: ‘‘EQUAL
REPRESENTATION
FOR
FED-
ERAL DEPOSIT INSURANCE CORPORATION’’;
593 
(2) by striking ‘‘(a) IN GENERAL.—’’; 
(3) by striking subsection (b); and 
(4) by striking ‘‘4’’ and inserting ‘‘3’’. 
(dd) INTERSTATE LAND SALES FULL DISCLOSURE 
ACT.—The Interstate Land Sales Full Disclosure Act (15 
U.S.C. 1701 et seq.) is amended in each of section 
1411(b) (15 U.S.C. 1710(b)) and subsections (b)(4) and 
(d) of section 1418a (15 U.S.C. 1717a), by striking ‘‘Sec-
retary’s’’ each place that term appears and inserting ‘‘Di-
rector’s’’. 
(ee) INVESTMENT ADVISERS ACT OF 1940.—Section 
224 of the Investment Company Act of 1940 (15 U.S.C. 
80b–18c) is amended in the heading of the section by 
striking 
‘‘COMMODITIES’’ 
and 
inserting 
‘‘COM-
MODITY’’. 
(ff) LEGAL CERTAINTY FOR BANK PRODUCTS ACT 
OF 2000.—Section 403(b)(1) of the Legal Certainty for 
Bank Products Act of 2000 (7 U.S.C. 27a(b)(1)) is 
amended by striking ‘‘that section’’ and inserting ‘‘sec-
tion’’. 
(gg) PUBLIC LAW 93–495.—Section 111 of Public 
Law 93–495 (12 U.S.C. 250) is amended by striking ‘‘the 
Director of the Office of Thrift Supervision,’’. 
(hh) REVISED STATUTES OF THE UNITED STATES.— 
Section 5136C(i) of the Revised Statutes of the United
594 
States (12 U.S.C. 25b(i)) is amended by striking ‘‘POW-
ERS.—’’ and all that follows through ‘‘In accordance’’ and 
inserting ‘‘POWERS.—In accordance’’. 
(ii) RIEGLE COMMUNITY DEVELOPMENT AND REGU-
LATORY IMPROVEMENT ACT OF 1994.—Section 117(e) of 
the Riegle Community Development and Regulatory Im-
provement Act of 1994 (12 U.S.C. 4716(e)) is amended 
by striking ‘‘the Director of the Office of Thrift Super-
vision,’’. 
(jj) S.A.F.E. MORTGAGE LICENSING ACT OF 2008.— 
Section 1514 of the S.A.F.E. Mortgage Licensing Act of 
2008 (12 U.S.C. 5113) is amended in each of subsections 
(b)(5) and (c)(4)(C), by striking ‘‘Secretary’s’’ each place 
that term appears and inserting ‘‘Director’s’’. 
(kk) SECURITIES EXCHANGE ACT OF 1934.—The 
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) 
is amended— 
(1) in section 3D(d)(10)(A) (15 U.S.C. 78c– 
4(d)(10)(A)), by striking ‘‘taking’’ and inserting 
‘‘take’’; 
(2) in section 3E(b)(1) (15 U.S.C. 78c– 
5(b)(1)), by striking ‘‘though’’ and inserting 
‘‘through’’;
595 
(3) 
in 
section 
4(g)(8)(A) 
(15 
U.S.C. 
78d(g)(8)(A)), by striking ‘‘(2)(A)(i)’’ and inserting 
‘‘(2)(A)(ii)’’; 
(4) in section 15 (15 U.S.C. 78o)— 
(A) in each of subparagraphs (B)(ii) and 
(C) of subsection (b)(4), by striking ‘‘dealer 
municipal advisor,,’’ and inserting ‘‘dealer, mu-
nicipal advisor,’’; 
(B) by redesignating subsection (j) (relat-
ing to the authority of the Commission) as sub-
section (p) and moving that subsection after 
subsection (o); 
(C) as amended by section 841(d), by re-
designating the second subsection (k) and sec-
ond subsection (l) (relating to standard of con-
duct and other matters, respectively), as added 
by section 913(g)(1) of the Dodd-Frank Wall 
Street Reform and Consumer Protection Act 
(124 Stat. 1828), as subsections (q) and (r), re-
spectively and moving those subsections to the 
end; and 
(D) in subsection (m), by inserting ‘‘the’’ 
before ‘‘same extent’’; 
(5) in section 15F(h) (15 U.S.C. 78o–10(h))— 
(A) in paragraph (2)—
596 
(i) in subparagraph (A), by inserting 
‘‘a’’ after ‘‘that acts as an advisor to’’; and 
(ii) in subparagraph (B), by inserting 
‘‘a’’ after ‘‘offers to enter into’’; and 
(B) in paragraph (5)(A)(i)— 
(i) by inserting ‘‘(A)’’ after ‘‘(18)’’; 
and 
(ii) in subclause (VII), by striking 
‘‘act of’’ and inserting ‘‘Act of’’; 
(6) in section 15G (15 U.S.C. 78o–11)— 
(A) in subsection (e)(4)(A), by striking 
‘‘subsection’’ and inserting ‘‘section’’; 
(B) in subsection (e)(4)(C)— 
(i) by striking ‘‘129C(c)(2)’’ and in-
serting ‘‘129C(b)(2)(A)’’; and 
(ii) 
by 
inserting 
‘‘(15 
U.S.C. 
1639c(b)(2)(A))’’ after ‘‘Lending Act’’; 
and 
(C) in subsection (e)(5), by striking ‘‘sub-
section’’ and inserting ‘‘section’’; and 
(7) in section 17A (15 U.S.C. 78q–1), by redes-
ignating subsection (g), as added by section 929W 
of the Dodd-Frank Wall Street Reform and Con-
sumer Protection Act (relating to due diligence for 
the delivery of dividends, interest, and other valuable
597 
property rights) as subsection (n) and moving that 
subsection to the end. 
(ll) TELEMARKETING AND CONSUMER FRAUD AND 
ABUSE PREVENTION ACT.—Section 3(b) of the Tele-
marketing and Consumer Fraud and Abuse Prevention 
Act (15 U.S.C. 6102(b)) is amended by inserting before 
the period at the end the following: ‘‘, provided, however, 
nothing in this section shall conflict with or supersede sec-
tion 6 of the Federal Trade Commission Act (15 U.S.C. 
46)’’. 
(mm) TITLE 5.—Title 5, United States Code, is 
amended— 
(1) in section 3132(a)(1)(D), as amended by 
section 711, by striking ‘‘the Office of Thrift Super-
vision,, the Resolution Trust Corporation,’’; and 
(2) in section 5314, by striking ‘‘Director of the 
Office of Thrift Supervision.’’. 
(nn) TITLE 31.— 
(1) AMENDMENTS.—Title 31, United States 
Code, is amended— 
(A) by striking section 309; and 
(B) in section 714(d)(3)(B) by striking ‘‘a 
audit’’ and inserting ‘‘an audit’’. 
(2) ANALYSIS.—The analysis for subchapter I 
of chapter 3 of title 31, United States Code, is
598 
amended by striking the item relating to section 
309. 
(oo) TRUTH IN LENDING ACT.—The Truth in Lend-
ing Act (15 U.S.C. 1601 et seq.) is amended— 
(1) in section 105 (15 U.S.C. 1604), by insert-
ing subsection (h), as added by section 1472(c) of 
the Dodd-Frank Wall Street Reform and Consumer 
Protection Act (124 Stat. 2187), before subsection 
(i), as added by section 1100A(7) of that Act (124 
Stat. 2108); 
(2) in section 106(f)(2)(B)(i) (15 U.S.C. 
1605(f)(2)(B)(i)), by striking ‘‘103(w)’’ and insert-
ing ‘‘103(x)’’; 
(3) in section 121(b) (15 U.S.C. 1631(b)), by 
striking ‘‘103(f)’’ and inserting ‘‘103(g)’’; 
(4) 
in 
section 
122(d)(5) 
(15 
U.S.C. 
1632(d)(5)), by striking ‘‘section 603)’’ and all that 
follows through ‘‘promulgate’’ and inserting ‘‘section 
603), may promulgate’’; 
(5) in section 125(e)(1) (15 U.S.C. 1635(e)(1)), 
by striking ‘‘103(w)’’ and inserting ‘‘103(x)’’; 
(6) in section 129 (15 U.S.C. 1639)— 
(A) in subsection (q), by striking ‘‘(l)(2)’’ 
and inserting ‘‘(p)(2)’’; and
599 
(B) in subsection (u)(3), by striking 
‘‘Board’’ each place that term appears and in-
serting ‘‘Agency’’; 
(7) in section 129C (15 U.S.C. 1639c)— 
(A) in subsection (b)(2)(B), by striking the 
second period at the end; and 
(B) in subsection (c)(1)(B)(ii)(I), by strik-
ing ‘‘a original’’ and inserting ‘‘an original’’; 
(8) in section 148(d) (15 U.S.C. 1665c(d)), by 
striking ‘‘Bureau’’ and inserting ‘‘Board’’; 
(9) in section 149 (15 U.S.C. 1665d)— 
(A) by striking ‘‘the Director of the Office 
of Thrift Supervision,’’ each place that term ap-
pears; 
(B) by striking ‘‘National Credit Union 
Administration Bureau’’ each place that term 
appears and inserting ‘‘National Credit Union 
Administration Board’’; and 
(C) by striking ‘‘Bureau of Directors of 
the Federal Deposit Insurance Corporation’’ 
each place that term appears and inserting 
‘‘Board of Directors of the Federal Deposit In-
surance Corporation’’; and 
(10) in section 181(1) (15 U.S.C. 1667(1)), by 
striking ‘‘103(g)’’ and inserting ‘‘103(h)’’.
600 
(pp) TRUTH IN SAVINGS ACT.—The Truth in Sav-
ings Act (12 U.S.C. 4301 et seq.) is amended in each of 
sections 269(a)(4) (12 U.S.C. 4308(a)(4)), 270(a)(2) (12 
U.S.C. 4309(a)(2)), and 274(6) (12 U.S.C. 4313(6)), by 
striking ‘‘Administration Bureau’’ each place that term 
appears and inserting ‘‘Administration Board’’. 
Passed the House of Representatives June 8, 2017. 
Attest: 
Clerk.
115TH CONGRESS 
1ST SESSION 
H. R. 10 
AN ACT 
To create hope and opportunity for investors, con-
sumers, and entrepreneurs by ending bailouts 
and Too Big to Fail, holding Washington and 
Wall Street accountable, eliminating red tape to 
increase access to capital and credit, and repeal-
ing the provisions of the Dodd-Frank Act that 
make America less prosperous, less stable, and 
less free, and for other purposes.