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(ii) by striking ‘‘conducting any exam-
ination or requiring any report from a 
service provider subject to this subsection’’ 
and inserting ‘‘carrying out any authority 
pursuant to this subsection with respect to 
a service provider’’; 
(5) by striking section 1025; 
(6) in section 1026— 
(A) by amending subsection (a) to read as 
follows: 
‘‘(a) SCOPE OF COVERAGE.—This section shall apply 
to any covered person that is an insured depository insti-
tution or an insured credit union.’’; 
(B) in subsection (b)(3), by striking ‘‘re-
port of examination or related’’; 
(C) by striking subsection (c); 
(D) by redesignating subsections (d) and 
(e) as subsections (c) and (d), respectively; 
(E) in subsection (c), as so redesignated, 
by adding at the end the following: 
‘‘(3) VERY LARGE INSTITUTIONS.— 
‘‘(A) PRIMARY
ENFORCEMENT
AUTHOR-
ITY.—Notwithstanding paragraph (1), to the 
extent that the Bureau and another Federal 
agency are authorized to enforce a Federal con-
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sumer financial law, the Bureau shall have pri-
mary authority to enforce that Federal con-
sumer financial law with respect to an insured 
depository institution or insured credit union, if 
such depository institution or credit union has 
total assets of more than $10,000,000,000, and 
any affiliate thereof. 
‘‘(B) REFERRAL.—Any Federal agency, 
other than the Federal Trade Commission, that 
is authorized to enforce a Federal consumer fi-
nancial law may recommend, in writing, to the 
Bureau that the Bureau initiate an enforcement 
proceeding with respect to a person described in 
subparagraph (A), as the Bureau is authorized 
to do by that Federal consumer financial law. 
‘‘(C) BACKUP
ENFORCEMENT
AUTHOR-
ITY.—If the Bureau does not, before the end of 
the 120-day period beginning on the date on 
which the Bureau receives a recommendation 
under subparagraph (B), initiate an enforce-
ment proceeding, the other agency referred to 
in subparagraph (B) may initiate an enforce-
ment proceeding.’’; and 
(F) in subsection (d), as so redesignated— 
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(i) by inserting after ‘‘subsection (a)’’ 
the following: ‘‘, or to any person described 
under subsection (c)(3)(A),’’; 
(ii) by striking ‘‘section 1025’’ and in-
serting ‘‘this section’’; and 
(iii) by striking ‘‘When conducting 
any examination or requiring any report 
from a service provider subject to this sub-
section’’ and inserting ‘‘In carrying out 
any authority pursuant to this subsection 
with respect to a service provider’’; 
(7) in section 1027— 
(A) by striking ‘‘supervisory,’’ each place 
such term appears; 
(B) in subsection (e)(1), by striking ‘‘su-
pervisory or’’; and 
(C) in subsection (p), by striking ‘‘section 
1024(c)(1)’’ 
and 
inserting 
‘‘section 
1024(b)(1)’’; 
(8) in section 1034— 
(A) by striking subsections (b) and (c); 
and 
(B) by redesignating subsection (d) as sub-
section (b); 
(9) in section 1053— 
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(A) in subsection (b)(1)(A), by striking 
‘‘sections 1024, 1025, and 1026’’ and inserting 
‘‘sections 1024 and 1026’’; and 
(B) in subsection (c)(3)(B)(ii)(II), by 
striking ‘‘, by examination or otherwise,’’; 
(10) in section 1054(a), by striking ‘‘sections 
1024, 1025, and 1026’’ and inserting ‘‘sections 
1024 and 1026’’; 
(11) in section 1061— 
(A) in subsection (a)(1)— 
(i) in subparagraph (A), by striking ‘‘; 
and’’ at the end and inserting a period; 
(ii) by striking ‘‘means—’’ and all 
that follows through ‘‘(A) all’’ and insert-
ing ‘‘means all’’; and 
(iii) by striking subparagraph (B); 
and 
(B) in subsection (c)— 
(i) by amending paragraph (1) to read 
as follows: 
‘‘(1) EXAMINATION.—A transferor agency that 
is a prudential regulator shall have exclusive author-
ity (relative to the Bureau) to require reports from 
and conduct examinations for compliance with Fed-
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eral consumer financial laws with respect to a person 
described in section 1026(a).’’; and 
(ii) in paragraph (2)— 
(I) by striking subparagraph (A); 
and 
(II) by redesignating subpara-
graphs (B) and (C) as subparagraphs 
(A) and (B), respectively; 
(12) in section 1063, by striking ‘‘sections 
1024, 1025, and 1026’’ each place such term ap-
pears and inserting ‘‘sections 1024 and 1026’’; and 
(13) in section 1067, by striking subsection (e). 
(b) HOME MORTGAGE DISCLOSURE ACT OF 1975.— 
Section 305(d) of the Home Mortgage Disclosure Act of 
1975 (12 U.S.C. 2804(d)) is amended by striking ‘‘exam-
ine and’’. 
(c) OMNIBUS APPROPRIATIONS ACT, 2009.—Section 
626 of the Omnibus Appropriations Act, 2009 (15 U.S.C. 
1638 note) is repealed. 
(d) CLERICAL AMENDMENT.—The table of contents 
in section 1(b) of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act is amended— 
(1) in the item relating to section 1024, by 
striking ‘‘SUPERVISION OF’’ and inserting ‘‘AU-
THORITY WITH RESPECT TO CERTAIN’’; and 
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(2) by striking the item relating to section 
1025. 
SEC. 927. REMOVAL OF AUTHORITY TO REGULATE SMALL- 
DOLLAR CREDIT. 
The Consumer Financial Protection Act of 2010 (12 
U.S.C. 5481 et seq.) is amended— 
(1) in section 1024(a)(1)— 
(A) in subparagraph (C), by adding ‘‘or’’ 
at the end; 
(B) in subparagraph (D), by striking ‘‘; 
or’’ and inserting a period; and 
(C) by striking subparagraph (E); and 
(2) in section 1027, by adding at the end the 
following: 
‘‘(t) NO AUTHORITY TO REGULATE SMALL-DOLLAR 
CREDIT.—The Bureau may not exercise any rulemaking, 
enforcement, or other authority with respect to payday 
loans, vehicle title loans, or other similar loans.’’. 
SEC. 928. REMOVAL OF BUREAU UDAAP AUTHORITY. 
(a) IN GENERAL.—The Consumer Financial Protec-
tion Act of 2010 (12 U.S.C. 5481 et seq.) is amended— 
(1) in section 1021(b)(2), by striking ‘‘from un-
fair, deceptive, or abusive acts and practices and’’; 
(2) by striking section 1031; 
(3) in section 1036(a)— 
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(A) in paragraph (1)— 
(i) by striking ‘‘provider’’ and all that 
follows through ‘‘to offer’’ and inserting 
‘‘provider to offer’’; 
(ii) by striking subparagraph (B); and 
(B) in paragraph (2)(C), by striking ‘‘; or’’ 
at the end and inserting a period; and 
(C) by striking paragraph (3); and 
(4) in section 1061(b)(5)— 
(A) in subparagraph (B)— 
(i) by striking ‘‘(i) In general.—’’; 
and 
(ii) by striking clause (ii); 
(B) by striking subparagraph (D); and 
(C) by redesignating subparagraph (E) as 
subparagraph (D); and 
(5) in section 1076(b)(2), by striking ‘‘deter-
mine—’’ and all that follows through ‘‘(B) provide 
for’’ and inserting ‘‘determine, provide for’’. 
(b) TELEMARKETING AND CONSUMER FRAUD AND 
ABUSE PREVENTION ACT.—Section 3(c) of the Tele-
marketing and Consumer Fraud and Abuse Prevention 
Act (15 U.S.C. 6102) is amended— 
(1) in paragraph (1), by striking ‘‘; and’’ at the 
end and inserting a period; 
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(2) by striking paragraph (2); and 
(3) by striking ‘‘subsection (a)—’’ and all that 
follows through ‘‘(1) shall’’ and inserting ‘‘sub-
section (a) shall’’. 
(c) CLERICAL AMENDMENT.—The table of contents 
in section 1(b) of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act is amended by striking the item 
relating to section 1031. 
SEC. 929. REPEAL OF AUTHORITY TO RESTRICT ARBITRA-
TION. 
(a) IN GENERAL.—Section 1028 of the Consumer Fi-
nancial Protection Act of 2010 (12 U.S.C. 5518) is hereby 
repealed. 
(b) CLERICAL AMENDMENT.—The table of contents 
under section 1(b) of the Dodd-Frank Wall Street Reform 
and Consumer Protection Act is amended by striking the 
item relating to section 1028. 
SEC. 930. EXEMPTION FROM RISK RETENTION REQUIRE-
MENTS FOR NONRESIDENTIAL MORTGAGE. 
(a) IN GENERAL.—Section 15G of the Securities Ex-
change Act of 1934 (15 U.S.C. 78o–11) is amended— 
(1) in subsection (a)— 
(A) in paragraph (3)(B), by striking ‘‘and’’ 
at the end; 
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(B) in paragraph (4)(B), by striking the 
period and inserting ‘‘; and’’; and 
(C) by adding at the end the following: 
‘‘(5) the term ‘asset-backed security’ refers only 
to an asset-backed security that is comprised wholly 
of residential mortgages.’’; 
(2) in subsection (b)— 
(A) by striking paragraph (1); and 
(B) by striking ‘‘(2) RESIDENTIAL MORT-
GAGES.—’’; 
(3) by striking subsection (h) and redesignating 
subsection (i) as subsection (h); and 
(4) in subsection (h) (as so redesignated)— 
(A) by striking ‘‘effective—’’ and all that 
follows through ‘‘(1) with respect to’’ and in-
serting ‘‘effective with respect to’’; 
(B) in paragraph (1), by striking ‘‘; and’’ 
and inserting a period; and 
(C) by striking paragraph (2). 
(b) CONFORMING AMENDMENT.—Section 941 of the 
Dodd-Frank Wall Street Reform and Consumer Protec-
tion Act is amended by striking subsection (c). 
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SEC. 931. PROHIBITION ON REQUIRING A SINGLE BALLOT. 
Section 14 of the Securities Exchange Act of 1934 
(15 U.S.C. 78n) is amended by adding at the end the fol-
lowing: 
‘‘(k) PROHIBITION ON REQUIRING A SINGLE BAL-
LOT.—The Commission may not require that a solicitation 
of a proxy, consent, or authorization to vote a security 
of an issuer in an election of members of the board of 
directors of the issuer be made using a single ballot or 
card that lists both individuals nominated by (or on behalf 
of) the issuer and individuals nominated by (or on behalf 
of) other proponents and permits the person granting the 
proxy, consent, or authorization to select from among indi-
viduals in both groups.’’. 
SEC. 932. REPEAL OF THE VOLCKER RULE AND OTHER 
PROVISIONS. 
(a) IN GENERAL.—The following sections of title VI 
of the Dodd-Frank Wall Street Reform and Consumer 
Protection Act are repealed, and the provisions of law 
amended or repealed by such sections are restored or re-
vived as if such sections had not been enacted: 
(1) Section 618. 
(2) Section 619. 
(3) Section 620. 
(b) CLERICAL AMENDMENT.—The table of contents 
under section 1(b) of the Dodd-Frank Wall Street Reform 
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and Consumer Protection Act is amended by striking the 
items relating to sections 618, 619, and 620. 
TITLE X—FINANCIAL 
INSTITUTION BANKRUPTCY 
SEC. 1001. SHORT TITLE. 
This title may be cited as the ‘‘Financial Institution 
Bankruptcy Act of 2017’’. 
SEC. 2. GENERAL PROVISIONS RELATING TO COVERED FI-
NANCIAL CORPORATIONS. 
(a) DEFINITION.—Section 101 of title 11, United 
States Code, is amended by inserting the following after 
paragraph (9): 
‘‘(9A) The term ‘covered financial corporation’ 
means any corporation incorporated or organized 
under any Federal or State law, other than a stock-
broker, a commodity broker, or an entity of the kind 
specified in paragraph (2) or (3) of section 109(b), 
that is— 
‘‘(A) a bank holding company, as defined 
in section 2(a) of the Bank Holding Company 
Act of 1956; or 
‘‘(B) a corporation that exists for the pri-
mary purpose of owning, controlling and financ-
ing its subsidiaries, that has total consolidated 
assets of $50,000,000,000 or greater, and for 
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which, in its most recently completed fiscal 
year— 
‘‘(i) annual gross revenues derived by 
the corporation and all of its subsidiaries 
from activities that are financial in nature 
(as defined in section 4(k) of the Bank 
Holding Company Act of 1956) and, if ap-
plicable, from the ownership or control of 
one or more insured depository institu-
tions, represents 85 percent or more of the 
consolidated annual gross revenues of the 
corporation; or 
‘‘(ii) the consolidated assets of the 
corporation and all of its subsidiaries re-
lated to activities that are financial in na-
ture (as defined in section 4(k) of the 
Bank Holding Company Act of 1956) and, 
if applicable, related to the ownership or 
control of one or more insured depository 
institutions, represents 85 percent or more 
of the consolidated assets of the corpora-
tion.’’. 
(b) APPLICABILITY OF CHAPTERS.—Section 103 of 
title 11, United States Code, is amended by adding at the 
end the following: 
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(f) Section 322(b)(2) of title 11, United States Code, 
is amended by striking ‘‘The’’ and inserting ‘‘In cases 
under subchapter V, the United States trustee shall rec-
ommend to the court, and in all other cases, the’’. 
SEC. 3. LIQUIDATION, REORGANIZATION, OR RECAPITAL-
IZATION OF A COVERED FINANCIAL COR-
PORATION. 
Chapter 11 of title 11, United States Code, is amend-
ed by adding at the end the following: 
‘‘SUBCHAPTER V—LIQUIDATION, REORGANIZA-
TION, OR RECAPITALIZATION OF A COV-
ERED FINANCIAL CORPORATION 
‘‘§ 1181. Inapplicability of other sections 
‘‘Sections 303 and 321(c) do not apply in a case 
under this subchapter concerning a covered financial cor-
poration. Section 365 does not apply to a transfer under 
section 1185, 1187, or 1188. 
‘‘§ 1182. Definitions for this subchapter 
‘‘In this subchapter, the following definitions shall 
apply: 
‘‘(1) The term ‘Board’ means the Board of 
Governors of the Federal Reserve System. 
‘‘(2) The term ‘bridge company’ means a newly 
formed corporation to which property of the estate 
may be transferred under section 1185(a) and the 
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equity securities of which may be transferred to a 
special trustee under section 1186(a). 
‘‘(3) The term ‘capital structure debt’ means all 
unsecured debt of the debtor for borrowed money for 
which the debtor is the primary obligor, other than 
a qualified financial contract and other than debt se-
cured by a lien on property of the estate that is to 
be transferred to a bridge company pursuant to an 
order of the court under section 1185(a). 
‘‘(4) The term ‘contractual right’ means a con-
tractual right of a kind defined in section 555, 556, 
559, 560, or 561. 
‘‘(5) The term ‘qualified financial contract’ 
means any contract of a kind defined in paragraph 
(25), (38A), (47), or (53B) of section 101, section 
741(7), or paragraph (4), (5), (11), or (13) of sec-
tion 761. 
‘‘(6) The term ‘special trustee’ means the trust-
ee of a trust formed under section 1186(a)(1). 
‘‘§ 1183. Commencement of a case concerning a cov-
ered financial corporation 
‘‘(a) A case under this subchapter concerning a cov-
ered financial corporation may be commenced by the filing 
of a petition with the court by the debtor under section 
301 only if the debtor states to the best of its knowledge 
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under penalty of perjury in the petition that it is a covered 
financial corporation. 
‘‘(b) The commencement of a case under subsection 
(a) constitutes an order for relief under this subchapter. 
‘‘(c) The members of the board of directors (or body 
performing similar functions) of a covered financial cor-
poration shall have no liability to shareholders, creditors, 
or other parties in interest for a good faith filing of a peti-
tion to commence a case under this subchapter, or for any 
reasonable action taken in good faith in contemplation of 
such a petition or a transfer under section 1185 or section 
1186, whether prior to or after commencement of the case. 
‘‘(d) Counsel to the debtor shall provide, to the great-
est extent practicable without disclosing the identity of the 
potential debtor, sufficient confidential notice to the chief 
judge of the court of appeals for the circuit embracing the 
district in which such counsel intends to file a petition to 
commence a case under this subchapter regarding the po-
tential commencement of such case. The chief judge of 
such court shall randomly assign to preside over such case 
a bankruptcy judge selected from among the bankruptcy 
judges designated by the Chief Justice of the United 
States under section 298 of title 28. 
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‘‘§ 1184. Regulators 
‘‘The Board, the Securities Exchange Commission, 
the Office of the Comptroller of the Currency of the De-
partment of the Treasury, the Commodity Futures Trad-
ing Commission, and the Federal Deposit Insurance Cor-
poration may raise and may appear and be heard on any 
issue in any case or proceeding under this subchapter. 
‘‘§ 1185. Special transfer of property of the estate 
‘‘(a) On request of the trustee, and after notice and 
a hearing that shall occur not less than 24 hours after 
the order for relief, the court may order a transfer under 
this section of property of the estate, and the assignment 
of executory contracts, unexpired leases, and qualified fi-
nancial contracts of the debtor, to a bridge company. 
Upon the entry of an order approving such transfer, any 
property transferred, and any executory contracts, unex-
pired leases, and qualified financial contracts assigned 
under such order shall no longer be property of the estate. 
Except as provided under this section, the provisions of 
section 363 shall apply to a transfer and assignment under 
this section. 
‘‘(b) Unless the court orders otherwise, notice of a 
request for an order under subsection (a) shall consist of 
electronic or telephonic notice of not less than 24 hours 
to— 
‘‘(1) the debtor; 
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‘‘(2) the holders of the 20 largest secured 
claims against the debtor; 
‘‘(3) the holders of the 20 largest unsecured 
claims against the debtor; 
‘‘(4) counterparties to any debt, executory con-
tract, unexpired lease, and qualified financial con-
tract requested to be transferred under this section; 
‘‘(5) the Board; 
‘‘(6) the Federal Deposit Insurance Corpora-
tion; 
‘‘(7) the Secretary of the Treasury and the Of-
fice of the Comptroller of the Currency of the Treas-
ury; 
‘‘(8) the Commodity Futures Trading Commis-
sion; 
‘‘(9) the Securities and Exchange Commission; 
‘‘(10) the United States trustee or bankruptcy 
administrator; and 
‘‘(11) each primary financial regulatory agency, 
as defined in section 2(12) of the Dodd-Frank Wall 
Street Reform and Consumer Protection Act, with 
respect to any affiliate the equity securities of which 
are proposed to be transferred under this section. 
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‘‘(c) The court may not order a transfer under this 
section unless the court determines, based upon a prepon-
derance of the evidence, that— 
‘‘(1) the transfer under this section is necessary 
to prevent serious adverse effects on financial sta-
bility in the United States; 
‘‘(2) the transfer does not provide for the as-
sumption of any capital structure debt by the bridge 
company; 
‘‘(3) the transfer does not provide for the trans-
fer to the bridge company of any property of the es-
tate that is subject to a lien securing a debt, execu-
tory contract, unexpired lease or agreement (includ-
ing a qualified financial contract) of the debtor un-
less— 
‘‘(A)(i) the bridge company assumes such 
debt, executory contract, unexpired lease or 
agreement (including a qualified financial con-
tract), including any claims arising in respect 
thereof that would not be allowed secured 
claims under section 506(a)(1) and after giving 
effect to such transfer, such property remains 
subject to the lien securing such debt, executory 
contract, unexpired lease or agreement (includ-
ing a qualified financial contract); and 
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‘‘(ii) the court has determined that as-
sumption of such debt, executory contract, un-
expired lease or agreement (including a quali-
fied financial contract) by the bridge company 
is in the best interests of the estate; or 
‘‘(B) such property is being transferred to 
the bridge company in accordance with the pro-
visions of section 363; 
‘‘(4) the transfer does not provide for the as-
sumption by the bridge company of any debt, execu-
tory contract, unexpired lease or agreement (includ-
ing a qualified financial contract) of the debtor se-
cured by a lien on property of the estate unless the 
transfer provides for such property to be transferred 
to the bridge company in accordance with paragraph 
(3)(A) of this subsection; 
‘‘(5) the transfer does not provide for the trans-
fer of the equity of the debtor; 
‘‘(6) the trustee has demonstrated that the 
bridge company is not likely to fail to meet the obli-
gations of any debt, executory contract, qualified fi-
nancial contract, or unexpired lease assumed and as-
signed to the bridge company; 
‘‘(7) the transfer provides for the transfer to a 
special trustee all of the equity securities in the 
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bridge company and appointment of a special trustee 
in accordance with section 1186; 
‘‘(8) after giving effect to the transfer, ade-
quate provision has been made for the fees, costs, 
and expenses of the estate and special trustee; and 
‘‘(9) the bridge company will have governing 
documents, and initial directors and senior officers, 
that are in the best interest of creditors and the es-
tate. 
‘‘(d) Immediately before a transfer under this section, 
the bridge company that is the recipient of the transfer 
shall— 
‘‘(1) not have any property, executory con-
tracts, unexpired leases, qualified financial contracts, 
or debts, other than any property acquired or execu-
tory contracts, unexpired leases, or debts assumed 
when acting as a transferee of a transfer under this 
section; and 
‘‘(2) have equity securities that are property of 
the estate, which may be sold or distributed in ac-
cordance with this title. 
‘‘§ 1186. Special trustee 
‘‘(a)(1) An order approving a transfer under section 
1185 shall require the trustee to transfer to a qualified 
and independent special trustee, who is appointed by the 
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court, all of the equity securities in the bridge company 
that is the recipient of a transfer under section 1185 to 
hold in trust for the sole benefit of the estate, subject to 
satisfaction of the special trustee’s fees, costs, and ex-
penses. The trust of which the special trustee is the trust-
ee shall be a newly formed trust governed by a trust agree-
ment approved by the court as in the best interests of the 
estate, and shall exist for the sole purpose of holding and 
administering, and shall be permitted to dispose of, the 
equity securities of the bridge company in accordance with 
the trust agreement. 
‘‘(2) In connection with the hearing to approve a 
transfer under section 1185, the trustee shall confirm to 
the court that the Board has been consulted regarding the 
identity of the proposed special trustee and advise the 
court of the results of such consultation. 
‘‘(b) The trust agreement governing the trust shall 
provide— 
‘‘(1) for the payment of the fees, costs, ex-
penses, and indemnities of the special trustee from 
the assets of the debtor’s estate; 
‘‘(2) that the special trustee provide— 
‘‘(A) quarterly reporting to the estate, 
which shall be filed with the court; and 
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‘‘(B) information about the bridge com-
pany reasonably requested by a party in inter-
est to prepare a disclosure statement for a plan 
providing for distribution of any securities of 
the bridge company if such information is nec-
essary to prepare such disclosure statement; 
‘‘(3) that for as long as the equity securities of 
the bridge company are held by the trust, the special 
trustee shall file a notice with the court in connec-
tion with— 
‘‘(A) any change in a director or senior of-
ficer of the bridge company; 
‘‘(B) any modification to the governing 
documents of the bridge company; and 
‘‘(C) any material corporate action of the 
bridge company, including— 
‘‘(i) recapitalization; 
‘‘(ii) a material borrowing; 
‘‘(iii) termination of an intercompany 
debt or guarantee; 
‘‘(iv) a transfer of a substantial por-
tion of the assets of the bridge company; 
or 
‘‘(v) the issuance or sale of any secu-
rities of the bridge company; 
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‘‘(4) that any sale of any equity securities of 
the bridge company shall not be consummated until 
the special trustee consults with the Federal Deposit 
Insurance Corporation and the Board regarding 
such sale and discloses the results of such consulta-
tion with the court; 
‘‘(5) that, subject to reserves for payments per-
mitted under paragraph (1) provided for in the trust 
agreement, the proceeds of the sale of any equity se-
curities of the bridge company by the special trustee 
be held in trust for the benefit of or transferred to 
the estate; 
‘‘(6) the process and guidelines for the replace-
ment of the special trustee; and 
‘‘(7) that the property held in trust by the spe-
cial trustee is subject to distribution in accordance 
with subsection (c). 
‘‘(c)(1) The special trustee shall distribute the assets 
held in trust— 
‘‘(A) if the court confirms a plan in the case, 
in accordance with the plan on the effective date of 
the plan; or 
‘‘(B) if the case is converted to a case under 
chapter 7, as ordered by the court. 
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‘‘(2) As soon as practicable after a final distribution 
under paragraph (1), the office of the special trustee shall 
terminate, except as may be necessary to wind up and con-
clude the business and financial affairs of the trust. 
‘‘(d) After a transfer to the special trustee under this 
section, the special trustee shall be subject only to applica-
ble nonbankruptcy law, and the actions and conduct of 
the special trustee shall no longer be subject to approval 
by the court in the case under this subchapter. 
‘‘§ 1187. Temporary and supplemental automatic stay; 
assumed debt 
‘‘(a)(1) A petition filed under section 1183 operates 
as a stay, applicable to all entities, of the termination, ac-
celeration, or modification of any debt, contract, lease, or 
agreement of the kind described in paragraph (2), or of 
any right or obligation under any such debt, contract, 
lease, or agreement, solely because of— 
‘‘(A) a default by the debtor under any such 
debt, contract, lease, or agreement; or 
‘‘(B) a provision in such debt, contract, lease, 
or agreement, or in applicable nonbankruptcy law, 
that is conditioned on— 
‘‘(i) the insolvency or financial condition of 
the debtor at any time before the closing of the 
case; 
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‘‘(ii) the commencement of a case under 
this title concerning the debtor; 
‘‘(iii) the appointment of or taking posses-
sion by a trustee in a case under this title con-
cerning the debtor or by a custodian before the 
commencement of the case; or 
‘‘(iv) a credit rating agency rating, or ab-
sence or withdrawal of a credit rating agency 
rating— 
‘‘(I) of the debtor at any time after 
the commencement of the case; 
‘‘(II) of an affiliate during the period 
from the commencement of the case until 
48 hours after such order is entered; 
‘‘(III) of the bridge company while the 
trustee or the special trustee is a direct or 
indirect beneficial holder of more than 50 
percent of the equity securities of— 
‘‘(aa) the bridge company; or 
‘‘(bb) the affiliate, if all of the di-
rect or indirect interests in the affil-
iate that are property of the estate 
are transferred under section 1185; or 
‘‘(IV) of an affiliate while the trustee 
or the special trustee is a direct or indirect 
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beneficial holder of more than 50 percent 
of the equity securities of— 
‘‘(aa) the bridge company; or 
‘‘(bb) the affiliate, if all of the di-
rect or indirect interests in the affil-
iate that are property of the estate 
are transferred under section 1185. 
‘‘(2) A debt, contract, lease, or agreement described 
in this paragraph is— 
‘‘(A) any debt (other than capital structure 
debt), executory contract, or unexpired lease of the 
debtor (other than a qualified financial contract); 
‘‘(B) any agreement under which the debtor 
issued or is obligated for debt (other than capital 
structure debt); 
‘‘(C) any debt, executory contract, or unexpired 
lease of an affiliate (other than a qualified financial 
contract); or 
‘‘(D) any agreement under which an affiliate 
issued or is obligated for debt. 
‘‘(3) The stay under this subsection terminates— 
‘‘(A) for the benefit of the debtor, upon the ear-
liest of— 
‘‘(i) 48 hours after the commencement of 
the case; 
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‘‘(ii) assumption of the debt, contract, 
lease, or agreement by the bridge company 
under an order authorizing a transfer under 
section 1185; 
‘‘(iii) a final order of the court denying the 
request for a transfer under section 1185; or 
‘‘(iv) the time the case is dismissed; and 
‘‘(B) for the benefit of an affiliate, upon the 
earliest of— 
‘‘(i) the entry of an order authorizing a 
transfer under section 1185 in which the direct 
or indirect interests in the affiliate that are 
property of the estate are not transferred under 
section 1185; 
‘‘(ii) a final order by the court denying the 
request for a transfer under section 1185; 
‘‘(iii) 48 hours after the commencement of 
the case if the court has not ordered a transfer 
under section 1185; or 
‘‘(iv) the time the case is dismissed. 
‘‘(4) Subsections (d), (e), (f), and (g) of section 362 
apply to a stay under this subsection. 
‘‘(b) A debt, executory contract (other than a quali-
fied financial contract), or unexpired lease of the debtor, 
or an agreement under which the debtor has issued or is 
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obligated for any debt, may be assumed by a bridge com-
pany in a transfer under section 1185 notwithstanding 
any provision in an agreement or in applicable nonbank-
ruptcy law that— 
‘‘(1) prohibits, restricts, or conditions the as-
signment of the debt, contract, lease, or agreement; 
or 
‘‘(2) accelerates, terminates, or modifies, or 
permits a party other than the debtor to terminate 
or modify, the debt, contract, lease, or agreement on 
account of— 
‘‘(A) the assignment of the debt, contract, 
lease, or agreement; or 
‘‘(B) a change in control of any party to 
the debt, contract, lease, or agreement. 
‘‘(c)(1) A debt, contract, lease, or agreement of the 
kind described in subparagraph (A) or (B) of subsection 
(a)(2) may not be accelerated, terminated, or modified, 
and any right or obligation under such debt, contract, 
lease, or agreement may not be accelerated, terminated, 
or modified, as to the bridge company solely because of 
a provision in the debt, contract, lease, or agreement or 
in applicable nonbankruptcy law— 
‘‘(A) of the kind described in subsection 
(a)(1)(B) as applied to the debtor; 
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‘‘(C) provides adequate assurance in connection 
with a transfer under section 1185 of future per-
formance under the debt, contract, lease, or agree-
ment, as determined by the court under section 
1185(c)(4). 
‘‘§ 1188. Treatment of qualified financial contracts 
and affiliate contracts 
‘‘(a) Notwithstanding sections 362(b)(6), 362(b)(7), 
362(b)(17), 362(b)(27), 362(o), 555, 556, 559, 560, and 
561, a petition filed under section 1183 operates as a stay, 
during the period specified in section 1187(a)(3)(A), ap-
plicable to all entities, of the exercise of a contractual 
right— 
‘‘(1) to cause the modification, liquidation, ter-
mination, or acceleration of a qualified financial con-
tract of the debtor or an affiliate; 
‘‘(2) to offset or net out any termination value, 
payment amount, or other transfer obligation arising 
under or in connection with a qualified financial con-
tract of the debtor or an affiliate; or 
‘‘(3) under any security agreement or arrange-
ment or other credit enhancement forming a part of 
or related to a qualified financial contract of the 
debtor or an affiliate. 
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‘‘(b)(1) During the period specified in section 
1187(a)(3)(A), the trustee or the affiliate shall perform 
all payment and delivery obligations under such qualified 
financial contract of the debtor or the affiliate, as the case 
may be, that become due after the commencement of the 
case. The stay provided under subsection (a) terminates 
as to a qualified financial contract of the debtor or an 
affiliate immediately upon the failure of the trustee or the 
affiliate, as the case may be, to perform any such obliga-
tion during such period. 
‘‘(2) Any failure by a counterparty to any qualified 
financial contract of the debtor or any affiliate to perform 
any payment or delivery obligation under such qualified 
financial contract, including during the pendency of the 
stay provided under subsection (a), shall constitute a 
breach of such qualified financial contract by the 
counterparty. 
‘‘(c) Subject to the court’s approval, a qualified finan-
cial contract between an entity and the debtor may be as-
signed to or assumed by the bridge company in a transfer 
under, and in accordance with, section 1185 if and only 
if— 
‘‘(1) all qualified financial contracts between 
the entity and the debtor are assigned to and as-
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sumed by the bridge company in the transfer under 
section 1185; 
‘‘(2) all claims of the entity against the debtor 
in respect of any qualified financial contract between 
the entity and the debtor (other than any claim that, 
under the terms of the qualified financial contract, 
is subordinated to the claims of general unsecured 
creditors) are assigned to and assumed by the bridge 
company; 
‘‘(3) all claims of the debtor against the entity 
under any qualified financial contract between the 
entity and the debtor are assigned to and assumed 
by the bridge company; and 
‘‘(4) all property securing or any other credit 
enhancement furnished by the debtor for any quali-
fied financial contract described in paragraph (1) or 
any claim described in paragraph (2) or (3) under 
any qualified financial contract between the entity 
and the debtor is assigned to and assumed by the 
bridge company. 
‘‘(d) Notwithstanding any provision of a qualified fi-
nancial contract or of applicable nonbankruptcy law, a 
qualified financial contract of the debtor that is assumed 
or assigned in a transfer under section 1185 may not be 
accelerated, terminated, or modified, after the entry of the 
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order approving a transfer under section 1185, and any 
right or obligation under the qualified financial contract 
may not be accelerated, terminated, or modified, after the 
entry of the order approving a transfer under section 1185 
solely because of a condition described in section 
1187(c)(1), other than a condition of the kind specified 
in section 1187(b) that occurs after property of the estate 
no longer includes a direct beneficial interest or an indi-
rect beneficial interest through the special trustee, in more 
than 50 percent of the equity securities of the bridge com-
pany. 
‘‘(e) Notwithstanding any provision of any agreement 
or in applicable nonbankruptcy law, an agreement of an 
affiliate (including an executory contract, an unexpired 
lease, qualified financial contract, or an agreement under 
which the affiliate issued or is obligated for debt) and any 
right or obligation under such agreement may not be ac-
celerated, terminated, or modified, solely because of a con-
dition described in section 1187(c)(1), other than a condi-
tion of the kind specified in section 1187(b) that occurs 
after the bridge company is no longer a direct or indirect 
beneficial holder of more than 50 percent of the equity 
securities of the affiliate, at any time after the commence-
ment of the case if— 
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‘‘(1) all direct or indirect interests in the affil-
iate that are property of the estate are transferred 
under section 1185 to the bridge company within the 
period specified in subsection (a); 
‘‘(2) the bridge company assumes— 
‘‘(A) any guarantee or other credit en-
hancement issued by the debtor relating to the 
agreement of the affiliate; and 
‘‘(B) any obligations in respect of rights of 
setoff, netting arrangement, or debt of the debt-
or that directly arises out of or directly relates 
to the guarantee or credit enhancement; and 
‘‘(3) any property of the estate that directly 
serves as collateral for the guarantee or credit en-
hancement is transferred to the bridge company. 
‘‘§ 1189. Licenses, permits, and registrations 
‘‘(a) Notwithstanding any otherwise applicable non-
bankruptcy law, if a request is made under section 1185 
for a transfer of property of the estate, any Federal, State, 
or local license, permit, or registration that the debtor or 
an affiliate had immediately before the commencement of 
the case and that is proposed to be transferred under sec-
tion 1185 may not be accelerated, terminated, or modified 
at any time after the request solely on account of— 
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‘‘(1) the insolvency or financial condition of the 
debtor at any time before the closing of the case; 
‘‘(2) the commencement of a case under this 
title concerning the debtor; 
‘‘(3) the appointment of or taking possession by 
a trustee in a case under this title concerning the 
debtor or by a custodian before the commencement 
of the case; or 
‘‘(4) a transfer under section 1185. 
‘‘(b) Notwithstanding any otherwise applicable non-
bankruptcy law, any Federal, State, or local license, per-
mit, or registration that the debtor had immediately before 
the commencement of the case that is included in a trans-
fer under section 1185 shall be valid and all rights and 
obligations thereunder shall vest in the bridge company. 
‘‘§ 1190. Exemption from securities laws 
‘‘For purposes of section 1145, a security of the 
bridge company shall be deemed to be a security of a suc-
cessor to the debtor under a plan if the court approves 
the disclosure statement for the plan as providing ade-
quate information (as defined in section 1125(a)) about 
the bridge company and the security. 
‘‘§ 1191. Inapplicability of certain avoiding powers 
‘‘A transfer made or an obligation incurred by the 
debtor to an affiliate prior to or after the commencement 
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of the case, including any obligation released by the debtor 
or the estate to or for the benefit of an affiliate, in con-
templation of or in connection with a transfer under sec-
tion 1185 is not avoidable under section 544, 547, 
548(a)(1)(B), or 549, or under any similar nonbankruptcy 
law. 
‘‘§ 1192. Consideration of financial stability 
‘‘The court may consider the effect that any decision 
in connection with this subchapter may have on financial 
stability in the United States.’’. 
SEC. 4. AMENDMENTS TO TITLE 28, UNITED STATES CODE. 
(a) AMENDMENT TO CHAPTER 13.—Chapter 13 of 
title 28, United States Code, is amended by adding at the 
end the following: 
‘‘§ 298. Judge for a case under subchapter V of chap-
ter 11 of title 11 
‘‘(a)(1) Notwithstanding section 295, the Chief Jus-
tice of the United States shall designate not fewer than 
10 bankruptcy judges to be available to hear a case under 
subchapter V of chapter 11 of title 11. Bankruptcy judges 
may request to be considered by the Chief Justice of the 
United States for such designation. 
‘‘(2) Notwithstanding section 155, a case under sub-
chapter V of chapter 11 of title 11 shall be heard under 
section 157 by a bankruptcy judge designated under para-
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graph (1), who shall be randomly assigned to hear such 
case by the chief judge of the court of appeals for the cir-
cuit embracing the district in which the case is pending. 
To the greatest extent practicable, the approvals required 
under section 155 should be obtained. 
‘‘(3) If the bankruptcy judge assigned to hear a case 
under paragraph (2) is not assigned to the district in 
which the case is pending, the bankruptcy judge shall be 
temporarily assigned to the district. 
‘‘(b) A case under subchapter V of chapter 11 of title 
11, and all proceedings in the case, shall take place in 
the district in which the case is pending. 
‘‘(c) In this section, the term ‘covered financial cor-
poration’ has the meaning given that term in section 
101(9A) of title 11.’’. 
(b) AMENDMENT TO SECTION 1334 OF TITLE 28.— 
Section 1334 of title 28, United States Code, is amended 
by adding at the end the following: 
‘‘(f) This section does not grant jurisdiction to the 
district court after a transfer pursuant to an order under 
section 1185 of title 11 of any proceeding related to a spe-
cial trustee appointed, or to a bridge company formed, in 
connection with a case under subchapter V of chapter 11 
of title 11.’’. 
(c) TECHNICAL AND CONFORMING AMENDMENTS.— 
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(1) The table of sections of chapter 13 of title 
28, United States Code, is amended by adding at 
the end the following: 
‘‘298. Judge for a case under subchapter V of chapter 11 of title 11.’’. 
(2) The table of subchapters of chapter 11 of 
title 11, United States Code, is amended by adding 
at the end the following: 
‘‘SUBCHAPTER V—LIQUIDATION, REORGANIZATION, OR RECAPITALIZATION OF 
A COVERED FINANCIAL CORPORATION 
‘‘1181. Inapplicability of other sections. 
‘‘1182. Definitions for this subchapter. 
‘‘1183. Commencement of a case concerning a covered financial corporation. 
‘‘1184. Regulators. 
‘‘1185. Special transfer of property of the estate. 
‘‘1186. Special trustee. 
‘‘1187. Temporary and supplemental automatic stay; assumed debt. 
‘‘1188. Treatment of qualified financial contracts and affiliate contracts. 
‘‘1189. Licenses, permits, and registrations. 
‘‘1190. Exemption from securities laws. 
‘‘1191. Inapplicability of certain avoiding powers. 
‘‘1192. Consideration of financial stability.’’. 
TITLE XI 
ADDITIONAL GENERAL PROVISIONS 
REFERENCES TO ACT 
SEC. 1101. Except as expressly provided otherwise, 
consistent with sections 746 and 819, any reference to 
‘‘this Act’’ contained in this division shall be treated as 
referring only to the provisions of this division. 
REFERENCE TO REPORT 
SEC. 1102. Any reference to a ‘‘report accompanying 
this Act’’ contained in this division shall be treated as a 
reference to House Report 115–234. The effect of such 
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Report shall be limited to this division and shall apply for 
purposes of determining the allocation of funds provided 
by, and the implementation of, this division. 
SPENDING REDUCTION ACCOUNT 
SEC. 1103. $0. 
SEC. 1104. None of the funds appropriated by this 
Act may be used to plan for, begin, continue, complete, 
process, or approve a public-private competition under the 
Office of Management and Budget Circular A–76. 
SEC. 1105. None of the funds made available by this 
Act may be used to authorize a transaction by a U.S. fi-
nancial institution (as defined under section 561.309 of 
title 31, Code of Federal Regulations) that is ordinarily 
incident to the export or re-export of a commercial pas-
senger aircraft to the Islamic Republic of Iran. 
SEC. 1106. None of the funds made available to the 
Department of Treasury by this division may be used to 
issue a license pursuant to any Office of Foreign Assets 
Control (OFAC) memo regarding Section 5.1.1 of Annex 
II to the Joint Comprehensive Plan of Action of July 14, 
2015 (JCPOA), including the January 16, 2016, OFAC 
memo titled, ‘‘Statement of Licensing Policy For Activi-
ties Related to the Export Or Re-Export to Iran of Com-
mercial Passenger Aircraft and Related Parts and Serv-
ices’’ and any other OFAC memo of the same substance. 
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SEC. 1107. None of the funds made available by this 
Act (including title IV and title VIII) may be used to carry 
out the Reproductive Health Non-Discrimination Amend-
ment Act of 2014 (D.C. Law 20–261) or to implement 
any rule or regulation promulgated to carry out such Act. 
SEC. 1108. None of the funds made available by this 
Act may be used to implement, administer, or enforce a 
rule issued pursuant to section 13(p) of the Securities Ex-
change Act of 1934. 
This division may be cited as the ‘‘Financial Services 
and General Government Appropriations Act, 2018’’. 
DIVISION 
E—DEPARTMENT 
OF 
HOME-
LAND 
SECURITY 
APPROPRIATIONS 
ACT, 2018 
The following sums are appropriated, out of any 
money in the Treasury not otherwise appropriated, for the 
Department of Homeland Security for the fiscal year end-
ing September 30, 2018, and for other purposes, namely: 
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TITLE I 
DEPARTMENTAL MANAGEMENT, OPERATIONS, 
INTELLIGENCE, AND OVERSIGHT 
OFFICE OF THE SECRETARY AND EXECUTIVE 
MANAGEMENT 
OPERATIONS AND SUPPORT 
For necessary expenses of the Office of the Secretary 
and for executive management for operations and support, 
$138,997,000 (reduced by $7,000,000) (reduced by 
$10,000,000) (reduced by $5,000,000) (reduced by 
$1,000,000) (reduced by $1,000,000) (increased by 
$1,000,000): Provided, That not to exceed $30,000 shall 
be for official reception and representation expenses. 
MANAGEMENT DIRECTORATE 
OPERATIONS AND SUPPORT 
For necessary expenses of the Management Direc-
torate for operations and support, $696,131,000 (reduced 
by $76,400,000) (reduced by $5,000,000) (reduced by 
$1,000,000), of which $227,516,000 shall remain avail-
able until September 30, 2019: Provided, That not to ex-
ceed $2,000 shall be for official reception and representa-
tion expenses. 
PROCUREMENT, CONSTRUCTION, AND IMPROVEMENTS 
For necessary expenses of the Management Direc-
torate for procurement, construction, and improvements, 
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$27,755,000, to remain available until September 30, 
2019. 
RESEARCH AND DEVELOPMENT 
For necessary expenses of the Management Direc-
torate for research and development, $2,545,000, to re-
main available until September 30, 2019. 
INTELLIGENCE, ANALYSIS, AND OPERATIONS 
COORDINATION 
OPERATIONS AND SUPPORT 
For necessary expenses of the Office of Intelligence 
and Analysis and the Office of Operations Coordination 
for operations and support, $252,405,000, of which 
$77,915,000 shall remain available until September 30, 
2019: Provided, That not to exceed $3,825 shall be for 
official reception and representation expenses. 
OFFICE OF INSPECTOR GENERAL 
OPERATIONS AND SUPPORT 
For necessary expenses of the Office of Inspector 
General for operations and support, $154,830,000 (in-
creased by $25,600,000): Provided, That not to exceed 
$300,000 may be used for certain confidential operational 
expenses, including the payment of informants, to be ex-
pended at the direction of the Inspector General. 
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ADMINISTRATIVE PROVISIONS 
SEC. 101. Hereafter, the Secretary of Homeland Se-
curity shall submit to the Committees on Appropriations 
of the Senate and the House of Representatives, at the 
time the President’s budget proposal is submitted pursu-
ant to section 1105(a) of title 31, United States Code, 
the Future Years Homeland Security Program, as author-
ized by section 874 of the Homeland Security Act of 2002 
(6 U.S.C. 454). 
SEC. 102. Hereafter, the Chief Financial Officer of 
the Department of Homeland Security shall submit to the 
Committees on Appropriations of the Senate and the 
House of Representatives a monthly budget and staffing 
report that includes total obligations of the Department 
for that month and for the fiscal year at the appropriation 
and program, project, and activity levels, by the source 
year of the appropriation, not later than 30 days after the 
last day of each month. 
SEC. 103. (a) Notwithstanding section 518 of division 
F of the Consolidated Appropriations Act, 2016 (Public 
Law 114–113), the Secretary of Homeland Security shall 
submit a report not later than October 15, 2018, to the 
Inspector General of the Department of Homeland Secu-
rity listing all grants and contracts awarded by any means 
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other than full and open competition during fiscal years 
2017 and 2018. 
(b) The Inspector General shall review the report re-
quired by subsection (a) to assess departmental compli-
ance with applicable laws and regulations and report the 
results of that review to the Committees on Appropriations 
of the Senate and the House of Representatives not later 
than February 15, 2019. 
SEC. 104. The Secretary of Homeland Security shall 
require that all contracts of the Department of Homeland 
Security that provide award fees link such fees to success-
ful acquisition outcomes, which shall be specified in terms 
of cost, schedule, and performance. 
SEC. 105. The Secretary of Homeland Security, in 
consultation with the Secretary of the Treasury, shall no-
tify the Committees on Appropriations of the Senate and 
the House of Representatives of any proposed transfers 
of funds available under section 9703(g)(4)(B) of title 31, 
United States Code (as added by Public Law 102–393) 
from the Department of the Treasury Forfeiture Fund to 
any agency within the Department of Homeland Security: 
Provided, That none of the funds identified for such a 
transfer may be obligated until the Committees on Appro-
priations of the Senate and the House of Representatives 
are notified of the proposed transfers. 
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SEC. 106. (a) All official costs associated with the 
use of Government aircraft by Department of Homeland 
Security personnel to support official travel of the Sec-
retary and the Deputy Secretary shall be paid from 
amounts made available for the Office of the Secretary. 
(b) A travel report of all direct and indirect costs of 
official and nonofficial travel by the Secretary and Deputy 
Secretary by appropriation to the Committees on Appro-
priations of the Senate and the House of Representatives 
not later than 30 days after the end of fiscal year 2018. 
SEC. 107. (a) Not later than 30 days after the date 
of enactment of this Act, the Secretary of Homeland Secu-
rity shall submit to the Committees on Appropriations of 
the Senate and the House of Representatives, the Commit-
tees on the Judiciary of the Senate and the House of Rep-
resentatives, the Committee on Homeland Security and 
Governmental Affairs of the Senate, and the Committee 
on Homeland Security of the House of Representatives, 
a report for fiscal year 2017 on visa overstay data by 
country as required by section 1376 of title 8, United 
States Code: Provided, That the report on visa overstay 
data shall also include— 
(1) overstays from all nonimmigrant visa cat-
egories under the immigration laws, delineated by 
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each of the classes and sub-classes of such cat-
egories; and 
(2) numbers as well as rates of overstays for 
each class and sub-class of such nonimmigrant cat-
egories on a per-country basis. 
(b) The Secretary of Homeland Security shall publish 
on the Department’s website the metrics developed to 
measure the effectiveness of security between the ports of 
entry, including the methodology and data supporting the 
resulting measures. 
TITLE II 
SECURITY, ENFORCEMENT, AND 
INVESTIGATIONS 
U.S. CUSTOMS AND BORDER PROTECTION 
OPERATIONS AND SUPPORT 
For necessary expenses of U.S. Customs and Border 
Protection for operations and support, including the trans-
portation of unaccompanied minor aliens; the provision of 
air and marine support to Federal, State, and local agen-
cies in the enforcement or administration of laws enforced 
by the Department of Homeland Security; at the discre-
tion of the Secretary of Homeland Security, the provision 
of such support to Federal, State, and local agencies in 
other law enforcement and emergency humanitarian ef-
forts; the purchase and lease of up to 7,500 (6,500 for 
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replacement only) police-type vehicles; the purchase, main-
tenance, or operation of marine vessels, aircraft, and un-
manned aerial systems; and contracting with individuals 
for personal services abroad; $11,553,315,000 (reduced by 
$20,000,000) (increased by $10,000,000); of which 
$3,274,000 shall be derived from the Harbor Maintenance 
Trust Fund for administrative expenses related to the col-
lection of the Harbor Maintenance Fee pursuant to section 
9505(c)(3) of the Internal Revenue Code of 1986 (26 
U.S.C. 
9505(c)(3)) 
and 
notwithstanding 
section 
1511(e)(1) of the Homeland Security Act of 2002 (6 
U.S.C. 551(e)(1)); of which $681,441,500 shall be avail-
able until September 30, 2019; and of which such sums 
as become available in the Customs User Fee Account, ex-
cept sums subject to section 13031(f)(3) of the Consoli-
dated Omnibus Budget Reconciliation Act of 1985 (19 
U.S.C. 58c(f)(3)), shall be derived from that account: Pro-
vided, That not to exceed $34,425 shall be for official re-
ception and representation expenses: Provided further, 
That not to exceed $15,000,000 may be transferred to the 
Bureau of Indian Affairs for the maintenance and repair 
of roads on Native American reservations, as required by 
the Border Patrol: Provided further, That not to exceed 
$150,000 shall be available for payment for rental space 
in connection with preclearance operations: Provided fur-
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ther, That not to exceed $1,000,000 shall be for awards 
of compensation to informants, to be accounted for solely 
under the certificate of the Secretary of Homeland Secu-
rity. 
PROCUREMENT, CONSTRUCTION, AND IMPROVEMENTS 
For U.S. Customs and Border Protection for pro-
curement, construction and improvements, in addition to 
amounts otherwise made available under this heading by 
the Department of Homeland Security Border Infrastruc-
ture 
Construction 
Appropriations 
Act, 
2018, 
$437,480,000, of which $377,705,000 shall remain avail-
able until September 30, 2020, and of which $59,775,000 
shall remain available until September 30,2022: Provided, 
That such aggregate amount shall be available as follows: 
$8,955,000 for Cross Border Tunnel Threat, $17,438,000 
for Integrated Fixed Towers, $1,600,000 for Mobile Video 
Surveillance 
Systems, 
$20,000,000 
for 
Unattended 
Ground Sensors, $49,738,000 for border road construc-
tion, $33,193,000 for Remote Video Surveillance Systems, 
$109,240,000 for non-intrusive inspection systems, 
$55,530,000 for two multi-role enforcement aircraft, 
$3,300,000 for FAA Next Generation radar systems, 
$7,800,000 for various sensor upgrades, $14,034,000 for 
one medium-lift helicopter, $13,250,000 for Air and Ma-
rine tactical communications, $12,421,000 for two light 
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enforcement helicopters, $3,573,000 for coastal intercep-
tors, $1,200,000 for Department of Defense reuse, 
$45,000,000 for the Brown Field Border Patrol Station, 
$14,775,000 for Office of Field Operations Facilities, and 
$26,433,000 for revenue modernization. 
U.S. IMMIGRATION AND CUSTOMS ENFORCEMENT 
OPERATIONS AND SUPPORT 
For necessary expenses of U.S. Immigration and 
Customs Enforcement for operations and support, includ-
ing the purchase and lease of up to 3,790 (2,350 for re-
placement only) police-type vehicles; overseas vetted units; 
and maintenance, minor construction, and minor leasehold 
improvements 
at 
owned 
and 
leased 
facilities; 
$7,002,043,000 (increased by $5,000,000) (reduced by 
$10,000,000); of which $6,000,000 shall remain available 
until expended for efforts to enforce laws against forced 
child labor; of which $33,700,000 shall remain available 
until September 30, 2019; of which not less than 
$4,413,244,000 shall be for enforcement, detention, and 
removal operations, including transportation of unaccom-
panied minor aliens: Provided, That not to exceed $11,475 
shall be for official reception and representation expenses: 
Provided further, That not to exceed $10,000,000 shall be 
available until expended for conducting special operations 
under section 3131 of the Customs Enforcement Act of 
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1986 (19 U.S.C. 2081): Provided further, That not to ex-
ceed $2,000,000 shall be for awards of compensation to 
informants, to be accounted for solely under the certificate 
of the Secretary of Homeland Security: Provided further, 
That not to exceed $11,216,000 shall be available to fund 
or reimburse other Federal agencies for the costs associ-
ated with the care, maintenance, and repatriation of 
smuggled aliens unlawfully present in the United States. 
PROCUREMENT, CONSTRUCTION, AND IMPROVEMENTS 
For necessary expenses of U.S. Immigration and 
Customs Enforcement for procurement, construction, and 
improvements, $52,899,000, to remain available until Sep-
tember 30, 2020. 
TRANSPORTATION SECURITY ADMINISTRATION 
OPERATIONS AND SUPPORT 
For necessary expenses of the Transportation Secu-
rity 
Administration 
for 
operations 
and 
support, 
$7,082,874,000, of which $1,770,719,000 shall remain 
available until September 30, 2019: Provided, That not 
to exceed $7,650 shall be for official reception and rep-
resentation expenses: Provided further, That security serv-
ice fees authorized under section 44940 of title 49, United 
States Code, shall be credited to this appropriation as off-
setting collections and shall be available only for aviation 
security: Provided further, That the sum appropriated 
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under this heading from the general fund shall be reduced 
on a dollar-for-dollar basis as such offsetting collections 
are received during fiscal year 2018 so as to result in a 
final fiscal year appropriation from the general fund esti-
mated at not more than $4,612,874,000. 
PROCUREMENT, CONSTRUCTION, AND IMPROVEMENTS 
For necessary expenses of the Transportation Secu-
rity Administration for procurement, construction, and 
improvements, $53,314,000, to remain available until Sep-
tember 30, 2020. 
RESEARCH AND DEVELOPMENT 
For necessary expenses of the Transportation Secu-
rity Administration for research and development, 
$20,190,000 (increased by $10,000,000), to remain avail-
able until September 30, 2019. 
COAST GUARD 
OPERATING EXPENSES 
For necessary expenses for the operations and main-
tenance of the Coast Guard, not otherwise provided for; 
purchase or lease of not to exceed 25 passenger motor ve-
hicles, which shall be for replacement only; purchase or 
lease of small boats for contingent and emergent require-
ments (at a unit cost of not more than $700,000) and 
repairs and service-life replacements, not to exceed a total 
of $31,000,000; purchase, lease, or improvement of other 
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equipment (at a unit cost of not more than $250,000); 
minor 
shore 
construction 
projects 
not 
exceeding 
$1,000,000 in total cost on any location; payments pursu-
ant to section 156 of Public Law 97–377 (42 U.S.C. 402 
note; 96 Stat. 1920); and recreation and welfare; 
$7,163,464,000 (reduced by $5,000,000); of which 
$340,000,000 shall be for defense-related activities; of 
which $24,500,000 shall be derived from the Oil Spill Li-
ability Trust Fund to carry out the purposes of section 
1012(a)(5) of the Oil Pollution Act of 1990 (33 U.S.C. 
2712(a)(5)): Provided, That not to exceed $23,000 shall 
be for official reception and representation expenses. 
ENVIRONMENTAL COMPLIANCE AND RESTORATION 
For necessary expenses to carry out the environ-
mental compliance and restoration functions of the Coast 
Guard under chapter 19 of title 14, United States Code, 
$13,397,000, to remain available until September 30, 
2022. 
RESERVE TRAINING 
For necessary expenses of the Coast Guard Reserve; 
operations and maintenance of the Coast Guard Reserve 
Program; personnel and training costs; and equipment 
and services; $114,875,000. 
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ACQUISITION, CONSTRUCTION, AND IMPROVEMENTS 
For necessary expenses of the Coast Guard for acqui-
sition, construction, renovation, and improvement of aids 
to navigation, shore facilities (including facilities at De-
partment of Defense installations used by the Coast 
Guard), vessels, and aircraft, including equipment related 
thereto, $1,298,745,000; of which $20,000,000 shall be 
derived from the Oil Spill Liability Trust Fund to carry 
out the purposes of section 1012(a)(5) of the Oil Pollution 
Act of 1990 (33 U.S.C. 2712(a)(5)); and of which 
$1,256,655,000 shall be available until September 30, 
2022. 
RESEARCH, DEVELOPMENT, TEST, AND EVALUATION 
For necessary expenses of the Coast Guard for re-
search, development, test, and evaluation; and for mainte-
nance, rehabilitation, lease, and operation of facilities and 
equipment; $18,641,000 (increased by $5,000,000); to re-
main available until September 30, 2020, of which 
$500,000 shall be derived from the Oil Spill Liability 
Trust Fund to carry out the purposes of section 
1012(a)(5) of the Oil Pollution Act of 1990 (33 U.S.C. 
2712(a)(5)): Provided, That there may be credited to and 
used for the purposes of this appropriation funds received 
from State and local governments, other public authori-
ties, private sources, and foreign countries for expenses 
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incurred for research, development, testing, and evalua-
tion. 
RETIRED PAY 
For retired pay, including the payment of obligations 
otherwise chargeable to lapsed appropriations for this pur-
pose, payments under the Retired Serviceman’s Family 
Protection and Survivor Benefits Plans, payment for ca-
reer status bonuses, concurrent receipts, and combat-re-
lated special compensation, and payments for medical care 
of retired personnel and their dependents under chapter 
55 of title 10, United States Code, $1,673,000,000, to re-
main available until expended. 
UNITED STATES SECRET SERVICE 
OPERATIONS AND SUPPORT 
For necessary expenses of the United States Secret 
Service for operations and support, including purchase of 
not to exceed 652 vehicles for police-type use for replace-
ment only; hire of passenger motor vehicles; purchase of 
motorcycles made in the United States; hire of aircraft; 
rental of buildings in the District of Columbia; fencing, 
lighting, guard booths, and other facilities on private or 
other property not in Government ownership or control, 
as may be necessary to perform protective functions; con-
duct of and participation in firearms matches; presen-
tation of awards; conduct of behavioral research in sup-
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port of protective intelligence and operations; payment in 
advance for commercial accommodations as may be nec-
essary to perform protective functions; and payment, with-
out regard to section 5702 of title 5, United States Code, 
of subsistence expenses of employees who are on protective 
missions, whether at or away from their duty stations; 
$1,893,215,000; of which $33,692,000 shall remain avail-
able until September 30, 2019, of which $6,000,000 shall 
be for a grant for activities related to investigations of 
missing and exploited children; and of which not less than 
$13,869,000 shall be for activities related to training in 
electronic crimes investigations and forensics: Provided, 
That not to exceed $19,125 shall be for official reception 
and representation expenses: Provided further, That not 
to exceed $100,000 shall be to provide technical assistance 
and equipment to foreign law enforcement organizations 
in counterfeit investigations. 
PROCUREMENT, CONSTRUCTION, AND IMPROVEMENTS 
For necessary expenses of the United States Secret 
Service for procurement, construction, and improvements, 
$64,030,000, to remain available until September 30, 
2020. 
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RESEARCH AND DEVELOPMENT 
For necessary expenses of the United States Secret 
Service for research and development, $250,000, to re-
main available until September 30, 2019. 
ADMINISTRATIVE PROVISIONS 
SEC. 201. Section 201 of the Department of Home-
land Security Appropriations Act, 2017 (division F of 
Public Law 115–31), related to overtime compensation 
limitations, shall apply with respect to funds made avail-
able in this Act in the same manner as such section ap-
plied to funds made available in that Act. 
SEC. 202. Funding made available under the heading 
‘‘U.S. Customs and Border Protection—Operations and 
Support’’ and ‘‘U.S. Customs and Border Protection— 
Procurement, Construction, and Improvements’’ shall be 
available for customs expenses when necessary to maintain 
operations and prevent adverse personnel actions in Puer-
to Rico in addition to funding provided by 48 U.S.C. 740. 
SEC. 203. Hereafter, no U.S. Customs and Border 
Protection aircraft or other related equipment, with the 
exception of aircraft that are one of a kind and have been 
identified as excess to U.S. Customs and Border Protec-
tion requirements and aircraft that have been damaged 
beyond repair, shall be transferred to any other Federal 
agency, department, or office outside of the Department 
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of Homeland Security without prior notice to the Commit-
tees on Appropriations of the Senate and the House of 
Representatives. 
SEC. 204. As authorized by section 601(b) of the 
United States-Colombia Trade Promotion Agreement Im-
plementation Act (Public Law 112–42), fees collected 
from passengers arriving from Canada, Mexico, or an ad-
jacent island pursuant to section 13031(a)(5) of the Con-
solidated Omnibus Budget Reconciliation Act of 1985 (19 
U.S.C. 58c(a)(5)) shall be available until expended. 
SEC. 205. For an additional amount for ‘‘U.S. Cus-
toms and Border Protection—Operations and Support’’, 
$39,000,000, to remain available until expended, to be re-
duced by amounts collected and credited to this appropria-
tion in fiscal year 2018 from amounts authorized to be 
collected by section 286(i) of the Immigration and Nation-
ality Act (8 U.S.C. 1356(i)), section 10412 of the Farm 
Security and Rural Investment Act of 2002 (7 U.S.C. 
8311), and section 817 of the Trade Facilitation and 
Trade Enforcement Act of 2015 (Public Law 114–125): 
Provided, That to the extent that amounts realized from 
such collections exceed $39,000,000, those amounts in ex-
cess of $39,000,000 shall be credited to this appropriation, 
to remain available until expended. 
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SEC. 206. None of the funds made available in this 
Act for U.S. Customs and Border Protection may be used 
to prevent an individual not in the business of importing 
a prescription drug (within the meaning of section 801(g) 
of the Federal Food, Drug, and Cosmetic Act) from im-
porting a prescription drug from Canada that complies 
with the Federal Food, Drug, and Cosmetic Act: Provided, 
That this section shall apply only to individuals trans-
porting on their person a personal-use quantity of the pre-
scription drug, not to exceed a 90-day supply: Provided 
further, That the prescription drug may not be— 
(1) a controlled substance, as defined in section 
102 of the Controlled Substances Act (21 U.S.C. 
802); or 
(2) a biological product, as defined in section 
351 of the Public Health Service Act (42 U.S.C. 
262). 
SEC. 207. Notwithstanding any other provision of 
law, none of the funds provided in this or any other Act 
shall be used to approve a waiver of the navigation and 
vessel-inspection laws pursuant to section 501(b) of title 
46, United States Code, for the transportation of crude 
oil distributed from and to the Strategic Petroleum Re-
serve until the Secretary of Homeland Security, after con-
sultation with the Secretaries of the Departments of En-
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ergy and Transportation and representatives from the 
United States flag maritime industry, takes adequate 
measures to ensure the use of United States flag vessels 
for such transportation: Provided, That the Secretary 
shall notify the Committees on Appropriations of the Sen-
ate and the House of Representatives, the Committee on 
Commerce, Science, and Transportation of the Senate, 
and the Committee on Transportation and Infrastructure 
of the House of Representatives within 2 business days 
of any request for waivers of navigation and vessel-inspec-
tion laws pursuant to such section with respect to such 
transportation, and the disposition of such requests. 
SEC. 208. (a) None of the funds made available by 
this Act may be used to approve, license, facilitate, author-
ize, or otherwise allow the trafficking or import of prop-
erty confiscated by the Cuban Government. 
(b) In this section, the terms ‘‘confiscated’’, ‘‘Cuban 
Government’’, ‘‘property’’, and ‘‘traffic’’ have the mean-
ings given such terms in paragraphs (4), (5), (12)(A), and 
(13), respectively, of section 4 of the Cuban Liberty and 
Democratic Solidarity (LIBERTAD) Act of 1996 (2216 
U.S.C. 6023). 
SEC. 209. Without regard to the limitation as to time 
and condition of section 503(d), the Secretary may repro-
gram within and transfer funds to ‘‘U.S. Immigration and 
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Customs Enforcement—Operations and Support’’ as nec-
essary to ensure the detention of aliens prioritized for re-
moval. 
SEC. 210. None of the funds provided under the 
heading ‘‘U.S. Immigration and Customs Enforcement— 
Operations and Support’’ may be used to continue a dele-
gation of law enforcement authority authorized under sec-
tion 287(g) of the Immigration and Nationality Act (8 
U.S.C. 1357(g)) if the Department of Homeland Security 
Inspector General determines that the terms of the agree-
ment governing the delegation of authority have been ma-
terially violated. 
SEC. 211. None of the funds provided under the 
heading ‘‘U.S. Immigration and Customs Enforcement— 
Operations and Support’’ may be used to continue any 
contract for the provision of detention services if the two 
most recent overall performance evaluations received by 
the contracted facility are less than ‘‘adequate’’ or the 
equivalent median score in any subsequent performance 
evaluation system. 
SEC. 212. Members of the House of Representatives 
and the Senate, including the leadership; the heads of 
Federal agencies and commissions, including the Sec-
retary, Deputy Secretary, Under Secretaries, and Assist-
ant Secretaries of the Department of Homeland Security; 
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the Attorney General, Deputy Attorney General, Assistant 
Attorneys General, and United States Attorneys; and sen-
ior members of the Executive Office of the President, in-
cluding the Director of the Office of Management and 
Budget, shall not be exempt from Federal passenger and 
baggage screening. 
SEC. 213. Notwithstanding section 44923 of title 49, 
United States Code, for fiscal year 2018, any funds in 
the Aviation Security Capital Fund established by section 
44923(h) of title 49, United States Code, may be used 
for the procurement and installation of explosives detec-
tion systems or for the issuance of other transaction agree-
ments for the purpose of funding projects described in sec-
tion 44923(a) of such title. 
SEC. 214. None of the funds made available by this 
Act under the heading ‘‘Coast Guard—Operating Ex-
penses’’ shall be for expenses incurred for recreational ves-
sels under section 12114 of title 46, United States Code, 
except to the extent fees are collected from owners of 
yachts and credited to the appropriation made available 
by this Act under the heading ‘‘Coast Guard—Operating 
Expenses’’: Provided, That to the extent such fees are in-
sufficient to pay expenses of recreational vessel docu-
mentation under such section 12114, and there is a back-
log of recreational vessel applications, personnel per-
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forming non-recreational vessel documentation functions 
under subchapter II of chapter 121 of title 46, United 
States Code, may perform documentation under section 
12114. 
SEC. 215. Without regard to the limitation as to time 
and condition of section 503(d), after June 30, up to 
$10,000,000 may be reprogrammed to or from the Mili-
tary Pay and Allowances funding category within ‘‘Coast 
Guard—Operating Expenses’’ in accordance with sub-
section (a) of section 503. 
SEC. 216. The United States Secret Service is au-
thorized to obligate funds in anticipation of reimburse-
ments from Federal agencies and entities, as defined in 
section 105 of title 5, United States Code, for personnel 
receiving training sponsored by the James J. Rowley 
Training Center, except that total obligations at the end 
of the fiscal year shall not exceed total budgetary re-
sources available under the heading ‘‘United States Secret 
Service—Operations and Support’’ at the end of the fiscal 
year. 
SEC. 217. None of the funds made available to the 
United States Secret Service by this Act or by previous 
appropriations Acts may be made available for the protec-
tion of the head of a Federal agency other than the Sec-
retary of Homeland Security: Provided, That the Director 
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of the Secret Service may enter into agreements to provide 
such protection on a fully reimbursable basis. 
SEC. 218. For purposes of section 503(a)(3) of this 
Act, up to $15,000,000 may be reprogrammed within 
‘‘United States Secret Service—Operations and Support’’. 
SEC. 219. Funding made available in this Act for 
‘‘United States Secret Service—Operations and Support’’ 
is available for travel of United States Secret Service em-
ployees on protective missions without regard to the limi-
tations on such expenditures in this or any other Act if 
the Director of the United States Secret Service or a des-
ignee notifies the Committees on Appropriations of the 
Senate and the House of Representatives 10 or more days 
in advance, or as early as practicable, prior to such ex-
penditures. 
TITLE III 
PROTECTION, PREPAREDNESS, RESPONSE, AND 
RECOVERY 
NATIONAL PROTECTION AND PROGRAMS DIRECTORATE 
OPERATIONS AND SUPPORT 
For necessary expenses of the National Protection 
and Programs Directorate for operations and support, 
$1,427,062,000, (increased by $1) (reduced by $1) of 
which $8,912,000 shall remain available until September 
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