954
(b) AGENCY STRATEGIC PLAN.—
(1) IN GENERAL.—The head of each agency,
prior to obligating any resources for voluntary sepa-
ration incentive payments, shall submit to the House
and Senate Committees on Appropriations and the
Committee on Governmental Affairs of the Senate
and the Committee on Government Reform and
Oversight of the House of Representatives a strate-
gic plan outlining the intended use of such incentive
payments and a proposed organizational chart for
the agency once such incentive payments have been
completed.
(2) CONTENTS.—The agency’s plan shall in-
clude—
(A) the positions and functions to be re-
duced or eliminated, identified by organizational
unit, geographic location, occupational category
and grade level;
(B) the number and amounts of voluntary
separation incentive payments to be offered;
and
(C) a description of how the agency will
operate without the eliminated positions and
functions.
955
(c) AUTHORITY TO PROVIDE VOLUNTARY SEPA-
RATION INCENTIVE PAYMENTS.—
(1) IN GENERAL.—A voluntary separation in-
centive payment under this section may be paid by
an agency to any employee only to the extent nec-
essary to eliminate the positions and functions iden-
tified by the strategic plan.
(2) AMOUNT AND TREATMENT OF PAYMENTS.—
A voluntary separation incentive payment—
(A) shall be paid in a lump sum after the
employee’s separation;
(B) shall be paid from appropriations or
funds available for the payment of the basic pay
of the employees;
(C) shall be equal to the lesser of—
(i) an amount equal to the amount
the employee would be entitled to receive
under section 5595(c) of title 5, United
States Code; or
(ii) an amount determined by the
agency head not to exceed $25,000;
(D) may not be made except in the case of
any qualifying employee who voluntarily sepa-
rates (whether by retirement or resignation) be-
fore December 31, 1997;
956
(E) shall not be a basis for payment, and
shall not be included in the computation, of any
other type of Government benefit; and
(F) shall not be taken into account in de-
termining the amount of any severance pay to
which the employee may be entitled under sec-
tion 5595 of title 5, United States Code, based
on any other separation.
(d) ADDITIONAL
AGENCY
CONTRIBUTIONS
TO
THE RETIREMENT FUND.—
(1) IN
GENERAL.—In addition to any other
payments which it is required to make under sub-
chapter III of chapter 83 of title 5, United States
Code, an agency shall remit to the Office of Person-
nel Management for deposit in the Treasury of the
United States to the credit of the Civil Service Re-
tirement and Disability Fund an amount equal to 15
percent of the final basic pay of each employee of
the agency who is covered under subchapter III of
chapter 83 or chapter 84 of title 5, United States
Code, to whom a voluntary separation incentive has
been paid under this section.
(2) DEFINITION.—For the purpose of para-
graph (1), the term ‘‘final basic pay’’, with respect
to an employee, means the total amount of basic pay
957
which would be payable for a year of service by such
employee, computed using the employee’s final rate
of basic pay, and, if last serving on other than a
full-time basis, with appropriate adjustment there-
for.
(e) EFFECT
OF
SUBSEQUENT
EMPLOYMENT
WITH THE GOVERNMENT.—An individual who has re-
ceived a voluntary separation incentive payment under
this section and accepts any employment for compensa-
tion with the Government of the United States, or who
works for any agency of the United States Government
through a personal services contract, within 5 years after
the date of the separation on which the payment is based
shall be required to pay, prior to the individual’s first day
of employment, the entire amount of the incentive pay-
ment to the agency that paid the incentive payment.
(f) REDUCTION OF AGENCY EMPLOYMENT LEV-
ELS.—
(1) IN GENERAL.—The total number of funded
employee positions in the agency shall be reduced by
one position for each vacancy created by the separa-
tion of any employee who has received, or is due to
receive, a voluntary separation incentive payment
under this section. For the purposes of this sub-
958
section, positions shall be counted on a full-time
equivalent basis.
(2) ENFORCEMENT.—The President, through
the Office of Management and Budget, shall monitor
the agency and take any action necessary to ensure
that the requirements of this subsection are met.
(g) EFFECTIVE DATE.—This section shall take ef-
fect October 1, 1996.
SEC. 664. ELECTRONIC BENEFIT TRANSFER PILOT.
Title 31, United States Code, is amended by in-
serting after section 3335 the following new section:
‘‘§ 3336. Electronic benefit transfer pilot
‘‘(a) The Congress finds that:
‘‘(1) Electronic benefit transfer (EBT) is a
safe, reliable, and economical way to provide benefit
payments to individuals who do not have an account
at a financial institution.
‘‘(2) The designation of financial institutions as
financial agents of the Federal Government for EBT
is an appropriate and reasonable use of the Sec-
retary’s authority to designate financial agents.
‘‘(3) A joint federal-state EBT system offers
convenience and economies of scale for those states
(and their citizens) that wish to deliver state-admin-
959
istered benefits on a single card by entering into a
partnership with the federal government.
‘‘(4) The Secretary’s designation of a financial
agent to deliver EBT is a specialized service not
available through ordinary business channels and
may be offered to the states pursuant to section
6501 et seq. of this title.
‘‘(b) The Secretary shall continue to carry out the
existing EBT pilot to disburse benefit payments elec-
tronically to recipients who do not have an account at a
financial institution, which shall include the designation
of one or more financial institutions as a financial agent
of the Government, and the offering to the participating
states of the opportunity to contract with the financial
agent selected by the Secretary, as described in the Invi-
tation for Expressions of Interest to Acquire EBT Serv-
ices for the Southern Alliance of States dated March 9,
1995, as amended as of June 30, 1995, July 7, 1995,
and August 1, 1995.
‘‘(c) The selection and designation of financial
agents, the design of the pilot program, and any other
matter associated with or related to the EBT pilot de-
scribed in subsection (b) shall not be subject to judicial
review.’’
960
SEC. 665. DESIGNATION OF FINANCIAL AGENTS.
1. 12 U.S.C. 90 is amended by adding at the end
thereof the following:
‘‘Notwithstanding the Federal Property and Administra-
tive Services Act of 1949, as amended, the Secretary may
select associations as financial agents in accordance with
any process the Secretary deems appropriate and their
reasonable duties may include the provision of electronic
benefit transfer services (including State-administered
benefits with the consent of the States), as defined by the
Secretary.’’.
2. Make conforming amendments to 12 U.S.C.
265, 266, 391, 1452(d), 1767, 1789a, 2013, 2122 and
to 31 U.S.C. 3122 and 3303.
TITLE VII—COUNTER-TERRORISM AND DRUG
LAW ENFORCEMENT
DEPARTMENT OF THE TREASURY
DEPARTMENTAL OFFICES
SALARIES AND EXPENSES
For an additional amount for the necessary ex-
penses of the Office of Foreign Assets Control, $288,000:
Provided, That of the amount provided, $288,000 is des-
ignated by Congress as an emergency requirement pursu-
ant to section 251(b)(2)(D)(i) of the Balanced Budget
and Emergency Deficit Control Act of 1985, as amended.
961
OFFICE OF INSPECTOR GENERAL
SALARIES AND EXPENSES
For an additional amount for the necessary ex-
penses of the Office of Inspector General, $34,000, to re-
main available until expended: Provided, That of the
amount provided, $34,000 is designated by Congress as
an 
emergency 
requirement 
pursuant 
to 
section
251(b)(2)(D)(i) of the Balanced Budget and Emergency
Deficit Control Act of 1985, as amended.
COUNTER-TERRORISM FUND
For necessary expenses, as determined by the Sec-
retary, $15,000,000, to remain available until expended,
to reimburse any Department of the Treasury organiza-
tion for the costs of providing support to counter, inves-
tigate, or prosecute terrorism, including payment of re-
wards in connection with these activities: Provided, That
the entire amount of this appropriation shall be available
only to the extent that an official budget request for a
specific dollar amount, that includes designation of the
entire amount of the request as an emergency require-
ment as defined in the Balanced Budget and Emergency
Deficit Control Act of 1985, is transmitted by the Presi-
dent to Congress: Provided further, That the entire
amount is designated by Congress as an emergency ap-
propriation pursuant to section 251(b)(2)(D)(i) of such
Act.
962
FEDERAL LAW ENFORCEMENT TRAINING CENTER
SALARIES AND EXPENSES
For an additional amount for the necessary ex-
penses of the Federal Law Enforcement Training Center,
$1,354,000, to remain available until expended: Provided,
That of the amount provided, $1,354,000 is designated
by Congress as an emergency requirement pursuant to
section 251(b)(2)(D)(i) of the Balanced Budget and
Emergency Deficit Control Act of 1985, as amended.
ACQUISITION, CONSTRUCTION, IMPROVEMENT, AND
RELATED EXPENSES
For an additional amount for the necessary ex-
penses for the acquisition, construction, improvement,
and related expenses, $2,700,000, to remain available
until expended: Provided, That of the amount provided,
$2,700,00 is designated by Congress as an emergency re-
quirement pursuant to section 251(b)(2)(D)(i) of the
Balanced Budget and Emergency Deficit Control Act of
1985, as amended.
FINANCIAL MANAGEMENT SERVICE
SALARIES AND EXPENSES
For an additional amount for the necessary ex-
penses of the Financial Management Service, $449,000,
to remain available until expended: Provided, That of the
amount provided, $449,000 is designated by Congress as
an 
emergency 
requirement 
pursuant 
to 
section
963
251(b)(2)(D)(i) of the Balanced Budget and Emergency
Deficit Control Act of 1985, as amended.
BUREAU OF ALCOHOL, TOBACCO AND FIREARMS
SALARIES AND EXPENSES
For an additional amount for the necessary ex-
penses of the Bureau of Alcohol, Tobacco and Firearms,
$66,423,000; of which $3,500,000 shall be available for
the construction and expansion of a canine training facil-
ity, to remain available until expended, of which
$3,000,000 shall be available for conducting a study of
car bomb explosives, to remain available until expended;
and of which $6,700,000, to remain available until ex-
pended, for relocation of the Bureau’s headquarters
building and laboratory facilities: Provided, That of the
amount provided, $66,423,000 is designated by Congress
as an emergency requirement pursuant to section
251(b)(2)(D)(i) of the Balanced Budget and Emergency
Deficit Control Act of 1985, as amended.
UNITED STATES CUSTOMS SERVICE
SALARIES AND EXPENSES
For an additional amount for the necessary ex-
pense 
of 
the 
United 
States 
Customs 
Service,
$62,335,000; of which not to exceed $26,400,000 shall be
available until expended for funding non-competitive co-
operative agreements with air carriers, airports, or other
964
cargo authorities, which provide for the Customs Service
to purchase and assist in installing advanced air cargo in-
spection equipment for the joint use of such entities and
the United States Customs Service: Provided, That of the
amount provided, $62,335,000 is designated by Congress
as an emergency requirement pursuant to section
251(b)(2)(D)(i) of the Balanced Budget and Emergency
Deficit Control Act of 1985, as amended.
INTERNAL REVENUE SERVICE
PROCESSING, ASSISTANCE AND MANAGEMENT
For an additional amount for the necessary ex-
penses for the processing, assistance and management,
$10,488,000, to remain available until expended: Pro-
vided, That of the amount provided, $10,488,000 is des-
ignated by Congress as an emergency requirement pursu-
ant to section 251(b)(2)(D)(i) of the Balanced Budget
and Emergency Deficit Control Act of 1985, as amended.
UNITED STATES SECRET SERVICE,
SALARIES AND EXPENSES
For an additional amount for the necessary ex-
penses of the United States Secret Service $3,026,000, to
remain available until expended: Provided, That of the
amount provided, $3,026,000 is designated by Congress
as an emergency requirement pursuant to section
965
251(b)(2)(D)(i) of the Balanced Budget and Emergency
Deficit Control Act of 1985, as amended.
INDEPENDENT AGENCIES
OFFICE OF PERSONNEL MANAGEMENT
SALARIES AND EXPENSES
For an additional amount for the necessary ex-
penses of the Office of Personnel Management $210,000,
to remain available until expended: Provided, That of the
amount provided, $210,000 is designated by Congress as
an 
emergency 
requirement 
pursuant 
to 
section
251(b)(2)(D)(i) of the Balanced Budget and Emergency
Deficit Control Act of 1985, as amended.
FUNDS APPROPRIATED TO THE PRESIDENT
FEDERAL DRUG CONTROL PROGRAMS
SPECIAL FORFEITURE FUND
(INCLUDING TRANSFER OF FUNDS)
For activities authorized by Public Law 100–690,
as amended, $112,900,000, of which $42,000,000 shall
be transferred to the United States Customs Service for
the conversion of one P–3AEW aircraft for the air inter-
diction program; of which $10,000,000 shall be available
for transfer to other Federal agencies for methamphet-
amine reduction efforts; and of which $60,900,000 shall
be available to the Director of the Office of National
Drug Control Policy for enhancing other drug control ac-
tivities, including transfer to other Federal agencies: Pro-
966
vided, That of the amount provided, $112,900,000 is des-
ignated by Congress as an emergency requirement pursu-
ant to section 251(b)(2)(D)(i) of the Balanced Budget
and Emergency Deficit Control Act of 1985, as amended
to become available only upon receipt by the Congress of
a supplemental request from the President requesting
such designation.
TITLE VIII—FEDERAL FINANCIAL
MANAGEMENT IMPROVEMENT
SEC. 801. SHORT TITLE.
This title may be cited as the ‘‘Federal Financial
Management Improvement Act of 1996.’’
SEC. 802. FINDINGS AND PURPOSES.
(a) FINDINGS.—The Congress finds the following:
(1) Much effort has been devoted to strengthen-
ing Federal internal accounting controls in the past.
Although progress has been made in recent years,
Federal accounting standards have not been uni-
formly implemented in financial management sys-
tems for agencies.
(2) Federal financial management continues to
be seriously deficient, and Federal financial manage-
ment and fiscal practices have failed to—
(A) identify costs fully;
967
(B) reflect the total liabilities of congres-
sional actions; and
(C) accurately report the financial condi-
tion of the Federal Government.
(3) Current Federal accounting practices do not
accurately report financial results of the Federal
Government or the full costs of programs and activi-
ties. The continued use of these practices under-
mines the Government’s ability to provide credible
and reliable financial data and encourages already
widespread Government waste, and will not assist in
achieving a balanced budget.
(4) Waste and inefficiency in the Federal Gov-
ernment undermine the confidence of the American
people in the government and reduce the federal
Government’s ability to address vital public needs
adequately.
(5) To rebuild the accountability and credibility
of the Federal Government, and restore public con-
fidence in the Federal Government, agencies must
incorporate accounting standards and reporting ob-
jectives established for the Federal Government into
their financial management systems so that all the
assets and liabilities, revenues, and expenditures or
expenses, and the full costs of programs and activi-
968
ties of the Federal Government can be consistently
and accurately recorded, monitored, and uniformly
reported throughout the Federal Government.
(6) Since its establishment in October 1990, the
Federal Accounting Standards Advisory Board
(hereinafter referred to as the ‘‘FASAB’’) has made
substantial progress toward developing and rec-
ommending a comprehensive set of accounting con-
cepts and standards for the Federal Government.
When the accounting concepts and standards devel-
oped by FASB are incorporated into Federal finan-
cial management systems, agencies will be able to
provide cost and financial information that will as-
sist the Congress and financial managers to evaluate
the cost and performance of Federal programs and
activities, and will therefore provide important infor-
mation that has been lacking, but is needed for im-
proved decision making by financial managers and
the Congress.
(7) The development of financial management
systems with the capacity to support these standards
and concepts will, over the long term, improve Fed-
eral financial management.
(b) PURPOSE.—The purposes of this Act are to—
969
(1) provide for consistency of accounting by an
agency from one fiscal year to the next, and uniform
accounting standards throughout the Federal Gov-
ernment;
(2) require Federal financial management sys-
tems to support full disclosure of Federal financial
data, including the full costs of Federal programs
and activities, to the citizens, the Congress, the
President, and agency management, so that pro-
grams and activities can be considered based on
their full costs and merits;
(3) increase the accountability and credibility of
federal financial management;
(4) improve performance, productivity and effi-
ciency of Federal Government financial manage-
ment;
(5) establish financial management systems to
support controlling the cost of Federal Government;
(6) build upon and complement the Chief Fi-
nancial Officers Act of 1990 (Public Law 101–576;
104 Stat. 2838), the Government Performance and
Results Act of 1993 (Public Law 103–62; 107 Stat.
285) and the Government Management Reform Act
of 1994 (Public Law 103–356; 108 Stat. 3410); and
970
(7) increase the capability of agencies to mon-
itor execution of the budget by more readily permit-
ting reports that compare spending of resources to
results of activities.
SEC. 803 IMPLEMENTATION OF FEDERAL FINANCIAL MAN-
AGEMENT IMPROVEMENTS.
(a) IN GENERAL.—Each agency shall implement
and maintain financial management systems that comply
substantially with Federal financial management systems
requirements, applicable Federal accounting standards,
and the United States Government Standard General
Ledger at the transaction level.
(b) AUDIT COMPLIANCE FINDING.—
(1) IN GENERAL.—Each audit required by sec-
tion 3521(e) of title 31, United States Code, shall
report whether the agency financial management
systems comply with the requirements of subsection
(a).
(2) CONTENT OF REPORTS.—When the person
performing the audit required by section 3521(e) of
title 31, United States Code, reports that the agency
financial management systems do not comply with
the requirements of subsection (a), the person per-
forming the audit shall include in the report on the
audit—
971
(A) the entity or organization responsible
for the financial management systems that have
been found not to comply with the requirements
of subsection (a);
(B) all facts pertaining to the failure to
comply with the requirements of subsection (a),
including—
(i) the nature and extent of the non-
compliance including areas in which there
is substantial but not full compliance;
(ii) the primary reason or cause of the
noncompliance;
(iii) the entity or organization respon-
sible for the non-compliance; and
(iv) any relevant comments from any
responsible officer or employee; and
(C) a statement with respect to the rec-
ommended remedial actions and the time
frames to implement such actions.
(c) COMPLIANCE IMPLEMENTATION.—
(1) DETERMINATION.—No later than the date
described under paragraph (2), the Head of an
agency shall determine whether the financial man-
agement systems of the agency comply with the re-
972
quirements of subsection (a). Such determination
shall be based on—
(A) a review of the report on the applicable
agency-wide audited financial statement;
(B) any other information the Head of the
agency considers relevant and appropriate.
(2) DATE
OF
DETERMINATION.—The deter-
mination under paragraph (1) shall be made no later
than 120 days after the earlier of—
(A) the date of the receipt of an agency-
wide audited financial statement; or
(B) the last day of the fiscal year following
the year covered by such statement.
(3) REMEDIATION PLAN.—
(A) If the Head of an agency determines
that the agency’s financial management systems
do not comply with the requirements of sub-
section (a), the head of the agency, in consulta-
tion with the Director, shall establish a remedi-
ation plan that shall include resources, rem-
edies, and intermediate target dates necessary
to bring the agency’s financial management sys-
tems into substantial compliance.
(B) If the determination of the head of the
agency differs from the audit compliance find-
974
to the Congress regarding implementation of this Act.
The Director may include the report in the financial
management status report and the 5-year financial man-
agement plan submitted under section 3512(a)(1) of title
31, United States Code.
(b) REPORTS
BY
THE INSPECTOR GENERAL.—
Each Inspector General who prepares a report under sec-
tion 5(a) of the Inspector General Act of 1978 (5 U.S.C.
App.) shall report to Congress instances and reasons
when an agency has not met the intermediate target
dates established in the remediation plan required under
section 3(c). Specifically the report shall include—
(1) the entity or organization responsible for
the non-compliance;
(2) the facts pertaining to the failure to comply
with the requirements of subsection (a), including
the nature and extent of the non-compliance, the
primary reason or cause for the failure to comply,
and any extenuating circumstances; and
(3) a statement of the remedial actions needed
to comply.
(c) REPORTS BY THE COMPTROLLER GENERAL.—
No later than October 1, 1997, and October 1, of each
year thereafter, the Comptroller General of the United
975
States shall report to the appropriate committees of the
Congress concerning—
(1) compliance with the requirements of section
3(a) of this Act, including whether the financial
statements of the Federal Government have been
prepared in accordance with applicable accounting
standards; and
(2) the adequacy of applicable accounting
standards for the Federal Government.
SEC. 805. CONFORMING AMENDMENTS.
(a) AUDITS BY AGENCIES.—Section 3521(f)(1) of
title 31, United States Code, is amended in the first sen-
tence by inserting ‘‘and the Controller of the Office of
Federal Financial Management’’ before the period.
(b) FINANCIAL MANAGEMENT STATUS REPORT.—
Section 3512(a)(2) of title 31, United States Code, is
amended by—
(1) in subparagraph (D) by striking ‘‘and’ after
the semicolon;
(2) by redesignating subparagraph (E) as sub-
paragraph (F); and
(3) by inserting after subparagraph (D) the fol-
lowing:
‘‘(E) a listing of agencies whose financial
management systems do not comply substan-
976
tially with the requirements of Section 3(a) the
Federal Financial Management Improvement
Act of 1996, and a summary statement of the
efforts underway to remedy the noncompliance;
and’’
(c) INSPECTOR GENERAL ACT OF 1978.—Section
5(a) of the Inspector General Act of 1978 is amended—
(1) in paragraph (11) by striking ‘‘and’’ after
the semicolon;
(2) in paragraph (12) by striking the period
and inserting ‘‘; and’’; and
(3) by adding at the end the following new
paragraph:
‘‘(13) the information described under section
05(b) of the Federal Financial Management Im-
provement Act of 1996.’’
SEC. 806. DEFINITIONS.
For purposes of this title:
(1) AGENCY.—The term ‘‘agency’’ means a de-
partment or agency of the United States Govern-
ment as defined in section 901(b) of title 31, United
States Code.
(2) DIRECTOR.—The term ‘‘Director’’ means
the Director of the Office of Management and Budg-
et.
977
(3) FEDERAL ACCOUNTING STANDARDS.—The
term ‘‘Federal accounting standards’’ means appli-
cable accounting principles, standards, and require-
ments consistent with section 902(a)(3)(A) of title
31, United States Code.
(4) FINANCIAL
MANAGEMENT
SYSTEMS.—The
term ‘‘financial management systems’’ includes the
financial systems and the financial portions of mixed
systems necessary to support financial management,
including automated and manual processes, proce-
dures, controls, data, hardware, software, and sup-
port personnel dedicated to the operation and main-
tenance of system functions.
(5) FINANCIAL SYSTEM.—The term ‘‘financial
system’’ includes an information system, comprised
of one or more applications, that is used for—
(A) collecting, processing, maintaining,
transmitting, or reporting data about financial
events;
(B) supporting financial planning or budg-
eting activities;
(C) accumulating and reporting costs in-
formation; or
(D) supporting the preparation of financial
statements.
978
(6) MIXED
SYSTEM.—The term ‘‘mixed
system’’ means an information system that sup-
ports both financial and nonfinancial functions
of the Federal Government or components
thereof.
SEC. 807. EFFECTIVE DATE.
This title shall take effect for the fiscal year end-
ing September 30, 1997.
SEC. 808. REVISION OF SHORT TITLES.
(a) Section 4001 of Public Law 104–106 (110
Stat. 642; 41 U.S.C. 251 note) is amended to read as fol-
lows:
‘‘SEC. 4001. SHORT TITLE.
‘‘This division and division E may be cited as the
‘Clinger-Cohen Act of 1996’.’’.
(b) Section 5001 of Public Law 104–106 (110
Stat. 679; 40 U.S.C. 1401 note) is amended to read as
follows:
‘‘SEC. 5001. SHORT TITLE.
‘‘This division and division D may be cited as the
‘Clinger-Cohen Act of 1996’.’’
(c) Any reference in any law, regulation, docu-
ment, record, or other paper of the United States to the
Federal Acquisition Reform Act of 1996 or to the Infor-
mation Technology Management Reform Act of 1996
979
shall be considered to be a reference to the Clinger-Cohen
Act of 1996.
This Act may be cited as the ‘‘Treasury, Postal
Service, and General Government Appropriations Act,
1997’’.
TITLE II—ECONOMIC GROWTH
AND 
REGULATORY 
PAPER-
WORK REDUCTION
SEC. 2001. SHORT TITLE; TABLE OF CONTENTS; DEFINI-
TIONS.
(a) SHORT TITLE.—This title may be cited as the
‘‘Economic Growth and Regulatory Paperwork Reduction
Act of 1996’’.
(b) TABLE OF CONTENTS.—The table of contents for
this title is as follows:
TITLE II—ECONOMIC GROWTH AND REGULATORY PAPERWORK
REDUCTION
Sec. 2001. Short title; table of contents; definitions
Subtitle A—Streamlining the Home Mortgage Lending Process
Sec. 2101. Simplification and unification of disclosures required under RESPA
and TILA for mortgage transactions.
Sec. 2102. General exemption authority for loans.
Sec. 2103. Reductions in Real Estate Settlement Procedures Act of 1974 regu-
latory burdens.
Sec. 2104. Waiver for certain borrowers.
Sec. 2105. Alternative disclosures for adjustable rate mortgages.
Sec. 2106. Restitution for violations of the Truth in Lending Act.
Sec. 2107. Limitation on liability under the Truth in Lending Act.
Subtitle B—Streamlining Government Regulation
CHAPTER 1—ELIMINATING UNNECESSARY REGULATORY REQUIREMENTS
AND PROCEDURES
Sec. 2201. Elimination of redundant approval requirement for Oakar trans-
actions.