An amendment numbered 10 printed in House Report 112-172 to require the Inspector General of the Board of Governors of the Federal Reserve System/CFPB to submit an annual report to Congress no later than February 1, 2012, and every year thereafter, which identifies (1) all new guidance/regulation/ru es prescribed by the Bureau, (2) any Bureau authority which overlaps with other federal agencies/departments, (3) Bureau administrative expenses, and (4) Bureau unobligated balances. Would require that the report be posted online and published using existing funds.

1. Adds SEC. 7. INSPECTOR GENERAL REPORT at the end of the bill

   Adds a section

   Inserted: SEC. 7. INSPECTOR GENERAL REPORT.

   Inserted: Section 1013 of the Dodd-Frank Wall Street Reform and Consumer Protection Act is amended by adding at the end the following new subsection:

   Inserted: "(h) Inspector General Report.--

   Inserted: "(1) In general.--Not later than February 1, 2012, and annually thereafter, the Inspector General of the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection shall submit a report to the Congress containing the following:

   Inserted: "(A) A list of all new rules, guidelines, and regulations prescribed by the Bureau within the previous fiscal year, with corresponding detailed descriptions of each.

   Inserted: "(B) A detailed list of all authority which the Inspector General believes overlaps with the efforts of other Federal departments and agencies.

   Inserted: "(C) All administrative expenses of the Bureau, including the amount spent on salaries, office supplies, and office space.

   Inserted: "(D) The current amount in the Bureau of Consumer Financial Protection Fund.

   Inserted: "(2) Public disclosure.--The Inspector General of the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection shall make each report submitted under paragraph (1) available to the public, including on the Bureau's website.

   Inserted: "(3) Use of funds.--The Inspector General shall carry out this subsection using existing funds.".

   Original wording

   Add at the end the following new section:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed