I 
112TH CONGRESS 
1ST SESSION H. R. 3044 
To amend the Dodd-Frank Wall Street Reform and Consumer Protection 
Act to repeal the Office of Financial Research. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 23, 2011 
Mr. CANSECO (for himself, Mr. HENSARLING, Mr. NEUGEBAUER, Mr. BACH-
US, and Mrs. CAPITO) introduced the following bill; which was referred 
to the Committee on Financial Services 
A BILL 
To amend the Dodd-Frank Wall Street Reform and Con-
sumer Protection Act to repeal the Office of Financial 
Research. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. REPEAL OF THE OFFICE OF FINANCIAL RE-
SEARCH. 
(a) IN GENERAL.—Subtitle B of title I of the Dodd- 
Frank Wall Street Reform and Consumer Protection Act 
is hereby repealed. 
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(b) CONFORMING AMENDMENTS
TO
THE DODD- 
FRANK ACT.—The Dodd-Frank Wall Street Reform and 
Consumer Protection Act is amended— 
(1) in section 102(a), by striking paragraph 
(5); 
(2) in section 111— 
(A) in subsection (b)(2)— 
(i) by striking subparagraph (A); and 
(ii) by redesignating subparagraphs 
(B), (C), (D), and (E) as subparagraphs 
(A), (B), (C), and (D), respectively; 
(B) in subsection (c), by striking ‘‘sub-
paragraphs (C), (D), and (E)’’ and inserting 
‘‘subparagraphs (B), (C), and (D)’’; 
(3) in section 112— 
(A) in subsection (a)(2)— 
(i) in subparagraph (A), by striking 
‘‘direct the Office of Financial Research 
to’’; 
(ii) by striking subparagraph (B); and 
(iii) by redesignating subparagraphs 
(C), (D), (E), (F), (G), (H), (I), (J), (K), 
(L), (M), and (N) as subparagraphs (B), 
(C), (D), (E), (F), (G), (H), (I), (J), (K), 
(L), and (M), respectively; and 
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(B) in subsection (d)— 
(i) in paragraph (1), by striking ‘‘the 
Office of Financial Research, member 
agencies, and’’ and inserting ‘‘member 
agencies and’’; 
(ii) in paragraph (2), by striking ‘‘the 
Office of Financial Research, any member 
agency, and’’ and inserting ‘‘any member 
agency and’’; 
(iii) in paragraph (3)— 
(I) by striking ‘‘, acting through 
the Office of Financial Research,’’ 
each place it appears; and 
(II) in subparagraph (B), by 
striking ‘‘the Office of Financial Re-
search or’’; and 
(iv) in paragraph (5)(A), by striking 
‘‘, the Office of Financial Research,’’; 
(4) in section 116, by striking ‘‘, acting through 
the Office of Financial Research,’’ each place it ap-
pears; and 
(5) by striking section 118. 
(c) CONFORMING AMENDMENT TO THE PAPERWORK 
REDUCTION ACT.—Section 2(5) of the Paperwork Reduc-
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tion Act is amended by striking ‘‘the Office of Financial 
Research,’’. 
(d) TECHNICAL AMENDMENTS.—The table of con-
tents for the Dodd-Frank Wall Street Reform and Con-
sumer Protection Act is amended— 
(1) by striking the item relating to section 118; 
and 
(2) by striking the items relating to subtitle B 
of title I. 
Æ 
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