An amendment numbered 9 printed in House Report 112-172 to transfer all authority that the Consumer Financial Protection Bureau would receive to the Secretary of the Treasury if no Commission Chair is in place by July 21st until such time as a Chair has been confirmed by the Senate.
What it does: Inserts “except for subsection (e),” after “section,”
Rep. Carolyn B. Maloney (D-NY)Description
Amendment sought to immediately transfer all authority that the Consumer Financial Protection Bureau would receive to the Secretary of the Treasury if no Commission Chair is in place by the single calendar date designated for the transfer, until such time as a Chair has been confirmed by the Senate.
What it changes
1 change to H.R. 1315
We couldn't match these changes to the text of H.R. 1315, so they're shown as written.
We couldn't read part of this amendment. That part is shown as written below.
Inserts “except for subsection (e),” after “section,”
…section,[inserted: except for subsection (e),]…
Original wording
Page 15, line 17, after “section,” insert the following: “except for subsection (e),”.
Shown as written
Page 15, line 23, strike the quotation marks and following period and insert after such line the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
Page 15, line 17, after “section,” insert the following: “except for subsection (e),”.
Page 15, line 23, strike the quotation marks and following period and insert after such line the following:
“(e) Functions to Temporarily Be Carried Out by the Secretary.--Notwithstanding subsection (d), if no Chair of the Commission of the Bureau has been confirmed by the Senate as of the single calendar date designated for the transfer of functions to the Bureau under section 1061, then until such time as the Chair of the Commission of the Bureau has been so confirmed, the Secretary of the Treasury shall have the authority to carry out the following functions:
“(1) All rulemaking authority with respect to unfair or deceptive acts or practices that would have been conferred upon the Bureau on the designated transfer date, but for the application of subsection (d).
“(2) All authority to carry out examinations of nondepository covered persons that would have been conferred upon the Bureau on the designated transfer date, but for the application of subsection (d).
“(3) All functions of the Bureau under this subtitle that would have been conferred upon the Bureau on the designated transfer date, but for the application of subsection (d).”.
Legislative Activity
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House amendment offered
July 21, 2011
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House amendment offered
July 21, 2011
House amendment offered/reported by: Amendment (A009) offered by Mrs. Maloney.(consideration: CR H5338-5340, H5344-5345; text: CR H5338-5339)
July 21, 2011 • 5:36 PM
House amendment not agreed to: On agreeing to the Maloney amendment (A009) Failed by recorded vote: 168 - 244 (Roll no. 618).
July 21, 2011 • 6:40 PM
Roll call votes on amendments in House
July 21, 2011 • 6:40 PM
Amendment failed in Committee of the Whole
July 21, 2011 • 6:40 PM
Amendment (A009) offered by Mrs. Maloney. (consideration: CR H5338-5340, H5344-5345; text: CR H5338-5339)
July 21, 2011 • 5:36 PM
On agreeing to the Maloney amendment (A009) Failed by recorded vote: 168 - 244 (Roll no. 618).
July 21, 2011 • 6:40 PM
Votes
1 roll call on this amendment