,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #cggj  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #ab1 #bjac   
,mr4 ,/iv]s 7= himself1 ,mr4 ,walz1 ,mr4
 ,g>y ,g4 ,mill] ( ,cali=nia1 ,mr4      
,royce1 & ,mrs4 ,ba*mann7 introduc$ !   
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,ov]sight & ,gov]nm5t     
,re=m1 & 9 addition to ! ,committee on  
,f9ancial ,s]vices1 = a p]iod to be     
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to require ,s5ate  
confirmation ( ,inspector ,g5]al ( !    
,bureau ( ,consum] ,f9ancial            
,protection1 & = o!r purposes4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,bureau ( ,consum] ,f9ancial            
,protection-,inspector ,g5]al ,re=m ,act
 ( #bjac1 or ! ,,cfpb-,,ig ,act ( #bjac4
  #b4 ,appo9tm5t ( ,inspector ,g5]al ,! 
,inspector ,g5]al ,act ( #aigh 7#e      
,u4,s4,c4 ,app47 is am5d$--  7#a7 9     
section #h;,g--  7,a7 9 subsection      

7a77#b71 by /rik+ & ! ,bureau ( ,consum]
 ,f9ancial ,protection2  7,b7 9         
subsection 7c71 by /rik+ ,= purposes (  
implem5t+ ?is section & all t foll[s    
?r\gh ! end ( ! subsection2 &  7,c7 9   
subsection 7g77#c71 by /rik+ & ! ,bureau
 ( ,consum] ,f9ancial ,protection2 &    
7#b7 9 section #ab--  7,a7 9 p>agraph   
7#a71 by ins]t+ ! ,director ( ! ,bureau 
( ,consum] ,f9ancial ,protection2 aft] !
 ,presid5t ( ! ,export-,import ,bank22 &
  7,b7 9 p>agraph 7#b71 by ins]t+ !     
,bureau ( ,consum] ,f9ancial            
,protection1 aft] ! ,export-,import     
,bank14  #c4 ,requirem5ts = ! ,inspector
 ,g5]al = ! ,bureau ( ,consum] ,f9ancial
 ,protection  7a7 ,e/abli%m5t ,section  
#ajaa ( ! ,dodd-,frank ,wall ,/reet     
,re=m & ,consum] ,protection ,act 7#ab  
,u4,s4,c4 #edia7 is am5d$--  7#a7 9     
subsection 7b7--  7,a7 9 ! subsection   
head+1 by /rik+ & ,deputy ,director &   
ins]t+ 1 ,deputy ,director1 & ,inspector
 ,g5]al2 &  7,b7 by ins]t+ aft] p>agraph
 7#e7 ! foll[+3  7#f7 ,inspector ,g5]al 

,!re is e/abli%$ ! position ( !         
,inspector ,g5]al4  2 &  7#b7 9         
subsection 7d71 by /rik+ or ,deputy     
,director ea* place x appe>s & ins]t+ 1 
,deputy ,director1 or ,inspector ,g5]al4
  7b7 ,he>+s ,section #ajaf ( su* ,act  
is am5d$ by ins]t+ aft] subsection 7c7 !
 foll[+3  7d7 ,additional ,requirem5t = 
,inspector ,g5]al ,on a sep>ate occasion
 f t describ$ 9 subsection 7a71 !       
,inspector ,g5]al ( ! ,bureau %all      
appe>1 ^u invitation1 be=e ! ,committee 
on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! 
,s5ate & ! ,committee on ,f9ancial      
,s]vices & ! ,committee on ,en]gy &     
,comm]ce ( ! ,h\se ( ,repres5tatives at 
semi-annual he>+s reg>d+ ! reports      
requir$ "u subsection 7b7 & ! reports   
requir$ "u section #e ( ! ,inspector    
,g5]al ,act ( #aigh 7#e ,u4,s4,c4       
,app474  4  7c7 ,fund+ = ,(fice (       
,inspector ,g5]al ,section #ajag7;a77#b7
 ( su* ,act is am5d$--  7#a7 by         
r$esignat+ subp>agraph 7,c7 z           
subp>agraph 7,d72 &  7#b7 by ins]t+ aft]

 subp>agraph 7,b7 ! foll[+3  7,c7 ,fund+
 = ,(fice ( ,inspector ,g5]al ,ea*      
fiscal ye>1 ! ,bureau %all d$icate #b   
p]c5t ( ! funds transf]r$ pursuant to   
p>agraph 7#a7 to ! ,(fice ( ! ,inspector
 ,g5]al4  4  7d7 ,p>ticipation 9 !      
,c\ncil ( ,inspectors ,g5]al on         
,f9ancial ,ov]sight ,section            
#ihi;,e7a77#a7 ( su* ,act is am5d$ by   
add+ at ! end ! foll[+3  7,j7 ,! ,bureau
 ( ,consum] ,f9ancial ,protection4  4   
7e7 ,deadl9e = appo9tm5t ,n lat] ?an #fj
 days aft] ! date ( ! enactm5t ( ?is    
,act1 ! ,presid5t %all appo9t an        
,inspector ,g5]al = ! ,bureau ( ,consum]
 ,f9ancial ,protection 9 accordance )   
section #c ( ! ,inspector ,g5]al ,act ( 
#aigh 7#e ,u4,s4,c4 ,app474  #d4        
,effective date ,! am5dm5ts made by ?is 
,act %all take effect #fj days aft] !   
date ( ! enactm5t ( ?is ,act4  #e4      
,transition p]iod ,! ,inspector ,g5]al (
 ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve 
,sy/em & ! ,bureau ( ,consum] ,f9ancial 
,protection %all s]ve 9 t position until

 ! confirmation ( an ,inspector ,g5]al =
 ! ,bureau ( ,consum] ,f9ancial         
,protection4 ,at t "t1 ! ,inspector     
,g5]al ( ! ,bo>d ( ,gov]nors ( ! ,f$]al 
,res]ve ,sy/em & ! ,bureau ( ,consum]   
,f9ancial ,protection %all become !     
,inspector ,g5]al ( ! ,bo>d ( ,gov]nors 
( ! ,f$]al ,res]ve ,sy/em4