,,ii  #aaeth ,,congress  #ast ,session  
,s4 #bfe  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,february #a1       
#bjag,ms4 ,baldwin 7for herself1 ,ms4   
,warren1 ,mr4 ,blumenthal1 ,mr4 ,schatz1
 ,mr4 ,van ,hollen1 and ,mr4 ,merkley7  
introduced the following bill2 which was
 read twice and referred to the         
,committee on ,homeland ,security and   
,governmental ,affairs  ,a ,,bill  ,to  
prevent conflicts of interest that stem 
from executive ,government employees    
receiving bonuses or other compensation 
arrangements from nongovernment sources1
 from the revolving door that raises    
concerns about the independence of      
financial services regulators1 and from 
the revolving door that casts aspersions
 over the awarding of ,government       
contracts and other financial benefits4 
#a4 ,short title ,this ,act may be cited
 as the ,financial ,services ,conflict  
of ,interest ,act4  #b4 ,restrictions on
 private sector payment for ,government 
service ,section #bji of title #ah1     

,united ,states ,code1 is amended-- 7#a7
 in subsection 7a7--  7,a7 by striking  
any salary and inserting any bonus or   
salary2 and  7,b7 by striking his       
services and inserting services rendered
 or to be rendered2 and  7#b7 in        
subsection 7b7-- 7,a7 by inserting 7#a7 
after 7b72 and  7,b7 by adding at the   
end the following3  7#b7 ,for purposes  
of paragraph 7#a71 a pension1           
retirement1 group life1 health or       
accident insurance1 profit-sharing1     
stock bonus1 or other employee welfare  
or benefit plan that makes payment of   
compensation contingent on accepting a  
position in the ,federal ,government    
shall not be considered bona fide4  7#c7
 ,for purposes of paragraph 7#b71       
compensation includes a retention award 
or bonus1 severance pay1 and any other  
payment linked to future service in the 
,federal ,government in any way4  4  #c4
 ,requirements relating to slowing the  
revolving door among financial services 
regulators  7a7 ,in general ,the ,ethics

 in ,government ,act of #aigh 7#e       
,u4,s4,c4 ,app47 is amended by adding at
 the end the following3  ,,vi ,special  
requirements for financial services     
regulators  #fja4 ,definitions  7a7 ,in 
general ,in this title1 the terms       
designated agency ethics official and   
executive branch have the meanings given
 those terms under section #aji4  7b7   
,other definitions ,in this title3 7#a7 
,covered financial services agency ,the 
term covered financial services agency--
  7,a7 means a primary financial        
regulatory agency 7as defined in section
 #b of the ,dodd-,frank ,wall ,street   
,reform and ,consumer ,protection ,act  
7#ab ,u4,s4,c4 #ecja772 and  7,b7       
includes-- 7i7 the ,board of ,governors 
of the ,federal ,reserve ,system2  7ii7 
the ,office of the ,comptroller of the  
,currency2  7iii7 the ,federal ,deposit 
,insurance ,corporation2  7iv7 the      
,national ,credit ,union                
,administration2  7v7 the ,securities   
and ,exchange ,commission2  7vi7 the    

,federal ,housing ,finance ,agency2     
7vii7 the ,bureau of ,consumer          
,financial ,protection2  7viii7 the     
,commodity ,futures ,trading            
,commission2  7ix7 the ,department of   
the ,treasury2  7x7 the ,national       
,economic ,council2 and  7xi7 the       
,council of ,economic ,advisors4  7#b7  
,covered financial services regulator   
,the term covered financial services    
regulator means an officer or employee  
of a covered financial services agency  
who occupies--  7,a7 a supervisory      
position classified above ,,gs-#ae of   
the ,general ,schedule2  7,b7 in the    
case of a position not under the        
,general ,schedule1 a supervisory       
position for which the rate of basic pay
 is not less than #abj percent of the   
minimum rate of basic pay for ,,gs-#ae  
of the ,general ,schedule2 or  7,c7 any 
other supervisory position determined to
 be of equal classification by the      
,director4  7#c7 ,director ,the term    
,director means the ,director of the    

,office of ,government ,ethics4  7#d7   
,former client ,the term former client--
  7,a7 means a person for whom a covered
 financial services regulator served    
personally as an agent1 attorney1 or    
consultant during the #b-year period    
ending on the date 7after such service7 
on which the covered financial services 
regulator begins service in the ,federal
 ,government2 and  7,b7 does not        
include-- 7i7 instances in which the    
service provided was limited to a speech
 or similar appearance2 or  7ii7 a      
client of the former employer of the    
covered financial services regulator to 
whom the covered financial services     
regulator did not personally provide    
such services4  7#e7 ,former employer   
,the term former employer-- 7,a7 means a
 person for whom a covered financial    
services regulator served as an         
employee1 officer1 director1 trustee1 or
 general partner during the #b-year     
period ending on the date 7after such   
service7 on which the covered financial 

services regulator begins service in the
 ,federal ,government2 and  7,b7 does   
not include-- 7i7 an entity in the      
,federal ,government1 including an      
executive branch agency2  7ii7 a ,state 
or local government2  7iii7 the         
,district of ,columbia2  7iv7 an ,indian
 tribe1 as defined in section #d of the 
,indian ,self-,determination and        
,education ,assistance ,act 7#be        
,u4,s4,c4 #ecjd72 or  7v7 the government
 of a territory or possession of the    
,united ,states4  #fjb4 ,conflict of    
interest and eligibility standards for  
financial services regulators  7a7 ,in  
general ,a covered financial services   
regulator shall not make1 participate in
 making1 or in any way attempt to use   
the official position of the covered    
financial services regulator to         
influence a particular matter that      
provides a direct and substantial       
pecuniary benefit for a former employer 
or former client of the covered         
financial services regulator4  7b7      

,recusal ,a covered financial services  
regulator shall recuse himself or       
herself from any official action that   
would violate subsection 7a74  7c7      
,waiver  7#a7 ,in general ,the head of  
the covered financial services agency   
employing a covered financial services  
regulator1 in consultation with the     
,director1 may grant a written waiver of
 the restrictions under subsection 7a7  
if1 and to the extent that1 the head of 
the covered financial services agency   
certifies in writing that--  7,a7 the   
application of the restriction to the   
particular matter is inconsistent with  
the purposes of the restriction2 or     
7,b7 it is in the public interest to    
grant the waiver4  7#b7 ,publication    
,the ,director shall make each waiver   
under paragraph 7#a7 publicly available 
on the ,web site of the ,office of      
,government ,ethics4  #fjc4 ,negotiating
 future private sector employment  7a7  
,prohibition ,except as provided in     
subsection 7c71 and notwithstanding any 

other provision of law1 a covered       
financial services regulator may not    
participate in any particular matter    
which involves1 to the knowledge of the 
covered financial services regulator1 an
 individual or entity with whom the     
covered financial services regulator is 
in negotiations of future employment or 
has an arrangement concerning           
prospective employment4  7b7 ,disclosure
 of employment negotiations  7#a7 ,in   
general ,if a covered financial services
 regulator begins any negotiations of   
future employment with another person1  
or an agent or intermediary of another  
person1 or other discussion or          
communication with another person1 or an
 agent or intermediary of another       
person1 mutually conducted with a view  
toward reaching an agreement regarding  
possible employment of the covered      
financial services regulator1 the       
covered financial services regulator    
shall notify the designated agency      
ethics official of the covered financial

 services agency employing the covered  
financial services regulator regarding  
the negotiations1 discussions1 or       
communications4  7#b7 ,information ,a   
designated agency ethics official       
receiving notice under paragraph 7#a71  
after consultation with the ,director1  
shall inform the covered financial      
services regulator of any potential     
conflicts of interest involved in any   
negotiations1 discussions1 or           
communications with the other person and
 the applicable prohibitions4  7c7      
,waivers only when exceptional          
circumstances exist  7#a7 ,in general   
,the head of a covered financial        
services agency may only grant a waiver 
of the prohibition under subsection 7a7 
if the head determines that exceptional 
circumstances exist4  7#b7 ,review and  
publication ,for any waiver granted     
under paragraph 7#a71 the ,director     
shall-- 7,a7 review the circumstances   
relating to the waiver and the          
determination that exceptional          

circumstances exist2 and  7,b7 make the 
waiver publicly available on the ,web   
site of the ,office of ,government      
,ethics1 which shall include--  7i7 the 
name of the private person or persons   
involved in the negotiations or         
arrangement concerning prospective      
employment2 and  7ii7 the date on which 
the negotiations or arrangements        
commenced4  7d7 ,scope ,for purposes of 
this section1 the term negotiations of  
future employment is not limited to     
discussions of specific terms or        
conditions of employment in a specific  
position4  #fjd4 ,recordkeeping ,the    
,director shall-- 7#a7 receive all      
employment histories1 recusal and waiver
 records1 and other disclosure records  
for covered executive branch officials  
necessary for monitoring compliance with
 this title2  7#b7 promulgate rules and 
regulations1 in consultation with the   
,director of the ,office of ,personnel  
,management and the ,attorney ,general1 
to implement this title2  7#c7 provide  

guidance and assistance where           
appropriate to facilitate compliance    
with this title2  7#d7 review and1 where
 necessary1 assist designated agency    
ethics officials in providing advice to 
covered financial services regulators   
regarding compliance with this title2   
and  7#e7 if the ,director determines   
that a violation of this title may have 
occurred1 and in consultation with the  
designated agency ethics official and   
the ,counsel to the ,president1 refer   
the compliance case to the ,united      
,states ,attorney for the ,district of  
,columbia for enforcement action4  #fje4
 ,penalties and injunctions  7a7        
,criminal penalties  7#a7 ,in general   
,any person who violates section #fjb or
 #fjc shall be fined under title #ah1   
,united ,states ,code1 imprisoned for   
not more than #a year1 or both4  7#b7   
,willful violations ,any person who     
willfully violates section #fjb or #fjc 
shall be fined under title #ah1 ,united 
,states ,code1 imprisoned for not more  

than #e years1 or both4  7b7 ,civil     
enforcement  7#a7 ,in general ,the      
,attorney ,general may bring a civil    
action in an appropriate district court 
of the ,united ,states against any      
person who violates1 or whom the        
,attorney ,general has reason to believe
 is engaging in conduct that violates1  
section #fjb or #fjc4  7#b7 ,civil      
penalty  7,a7 ,in general ,upon proof by
 a preponderance of the evidence that a 
person violated section #fjb or #fjc1   
the court shall impose a civil penalty  
of not more than the greater of--  7i7  
#ajj1jjj for each violation2 or  7ii7   
the amount of compensation the person   
received or was offered for the conduct 
constituting the violation4  7,b7 ,rule 
of construction ,a civil penalty under  
this subsection shall be in addition to 
any other criminal or civil statutory1  
common law1 or administrative remedy    
available to the ,united ,states or any 
other person4  7#c7 ,injunctive relief  
7,a7 ,in general ,in a civil action     

brought under paragraph 7#a7 against a  
person1 the ,attorney ,general may      
petition the court for an order         
prohibiting the person from engaging in 
conduct that violates section #fjb or   
#fjc4  7,b7 ,standard ,the court may    
issue an order under subparagraph 7,a7  
if the court finds by a preponderance of
 the evidence that the conduct of the   
person violates section #fjb or #fjc4   
7,c7 ,rule of construction ,the filing  
of a petition seeking injunctive relief 
under this paragraph shall not preclude 
any other remedy that is available by   
law to the ,united ,states or any other 
person4  4  #d4 ,prohibition of         
procurement officers accepting          
employment from ,government contractors 
7a7 ,expansion of prohibition on        
acceptance by former officials of       
compensation from contractors ,section  
#bajd of title #da1 ,united ,states     
,code1 is amended-- 7#a7 in subsection  
7a7--  7,a7 in the matter preceding     
paragraph 7#a7-- 7i7 by striking or     

consultant and inserting consultant1    
lawyer1 or lobbyist2 and  7ii7 by       
striking one year and inserting #b      
years2 and  7,b7 in paragraph 7#c71 by  
striking personally made for the        
,federal agency and inserting           
participated personally and             
substantially in2 and  7#b7 by striking 
subsection 7b7 and inserting the        
following3  7b7 ,prohibition on         
compensation from affiliates and        
subcontractors ,a former official       
responsible for a ,government contract  
referred to in paragraph 7#a71 7#b71 or 
7#c7 of subsection 7a7 may not accept   
compensation for #b years after awarding
 the contract from any division1        
affiliate1 or subcontractor of the      
contractor4  4  7b7 ,requirement for    
procurement officers ,to disclose job   
offers made on behalf of relatives      
,section #bajc7;a7 of title #da1 ,united
 ,states ,code1 is amended in the matter
 preceding paragraph 7#a7 by inserting  
after that official the following3 1 or 

for a relative 7as defined in section   
#caaj of title #e7 of that official14   
7c7 ,requirement on award of ,government
 contracts to former employers  7#a7 ,in
 general ,chapter #ba of title #da1     
,united ,states ,code1 is amended by    
adding at the end the following3  #bajh4
 ,prohibition on involvement by certain 
former contractor employees in          
procurements ,an employee of the        
,federal ,government may not be         
personally and substantially involved   
with any award of a contract to1 or the 
administration of a contract awarded to1
 a contractor that is a former employer 
of the employee during the #b-year      
period beginning on the date on which   
the employee leaves the employment of   
the contractor4  4  7#b7 ,technical and 
conforming amendment ,the table of      
sections for chapter #ba of title #da1  
,united ,states ,code1 is amended by    
adding at the end the following3  #bajh4
 ,prohibition on involvement by certain 
former contractor employees in          

procurements4  4  7d7 ,regulations ,the 
,administrator for ,federal ,procurement
 ,policy and the ,director of the       
,office of ,management and ,budget      
shall--  7#a7 in consultation with the  
,director of the ,office of ,personnel  
,management and the ,counsel to the     
,president1 promulgate regulations to   
carry out and ensure the enforcement of 
chapter #ba of title #da1 ,united       
,states ,code1 as amended by this       
section2 and  7#b7 in consultation with 
designated agency ethics officials 7as  
defined under section #fja of the       
,ethics in ,government ,act of #aigh 7#e
 ,u4,s4,c4 ,app471 as added by section  
#c71 monitor compliance with that       
chapter by individuals and agencies4    
#e4 ,revolving door restrictions on     
financial services regulators moving    
into the private sector  7a7 ,in general
 ,section #bjg of title #ah1 ,united    
,states ,code1 is amended-- 7#a7 by     
redesignating subsections 7e7 through   
7l7 as subsections 7f7 through 7m71     

respectively2 and  7#b7 by inserting    
after subsection 7d7 the following3  7e7
 ,restrictions on employment for        
financial services regulators  7#a7 ,in 
general ,in addition to the restrictions
 set forth in subsections 7a71 7b71 7c71
 and 7d71 a covered financial services  
regulator shall not--  7,a7 during the  
#b-year period beginning on the date on 
which his or her employment as a covered
 financial services regulator ceases--  
7i7 knowingly act as agent or attorney  
for1 or otherwise represent1 any other  
person for compensation 7except the     
,united ,states7 in any formal or       
informal appearance before2  7ii7 with  
the intent to influence1 make any oral  
or written communication on behalf of   
any other person 7except the ,united    
,states7 to2 or  7iii7 knowingly aid1   
advise1 or assist in-- 7,i7 representing
 any other person 7except the ,united   
,states7 in any formal or informal      
appearance before2 or  7,,ii7 making1   
with the intent to influence1 any oral  

or written communication on behalf of   
any other person 7except the ,united    
,states7 to1  any court of the ,united  
,states1 or any officer or employee     
thereof1 in connection with any judicial
 or other proceeding1 that was actually 
pending under his or her official       
responsibility as a covered financial   
services regulator during the #a-year   
period ending on the date on which his  
or her employment as a covered financial
 services regulator ceases or in which  
he or she participated personally and   
substantially as a covered financial    
services regulator2 or  7,b7 during the 
#b-year period beginning on the date on 
which his or her employment as a covered
 financial services regulator ceases--  
7i7 knowingly act as a lobbyist or agent
 for1 or otherwise represent1 any other 
person for compensation 7except the     
,united ,states7 in any formal or       
informal appearance before2  7ii7 with  
the intent to influence1 make any oral  
or written communication or conduct any 

lobbying activities on behalf of any    
other person 7except the ,united        
,states7 to2 or  7iii7 knowingly aid1   
advise1 or assist in-- 7,i7 representing
 any other person 7except the ,united   
,states7 in any formal or informal      
appearance before2 or  7,,ii7 making1   
with the intent to influence1 any oral  
or written communication or conduct any 
lobbying activities on behalf of any    
other person 7except the ,united        
,states7 to1  any department or agency  
of the executive branch or ,congress    
7including any committee of ,congress71 
or any officer or employee thereof1 in  
connection with any matter that is      
pending before the department1 the      
agency1 or ,congress4  7#b7 ,penalty    
,any person who violates paragraph 7#a7 
shall be punished as provided in section
 #baf4  7#c7 ,definitions ,in this      
subsection--  7,a7 the term covered     
financial services regulator has the    
meaning given that term in section #fja 
of the ,ethics in ,government ,act of   

#aigh 7#e ,u4,s4,c4 ,app472 and  7,b7   
the terms lobbying activities and       
lobbyist have the meanings given those  
terms in section #c of the ,lobbying    
,disclosure ,act of #aiie 7#b ,u4,s4,c4 
#afjb74  4  7b7 ,technical and          
conforming amendments  7#a7 ,section    
#ajc7;a7 of the ,honest ,leadership and 
,open ,government ,act of #bjjg 7#b     
,u4,s4,c4 #dgjb7;a77 is amended by      
striking section #bjg7;e7 each place it 
appears and inserting section #bjg7;f74 
7#b7 ,section #bjg of title #ah1 ,united
 ,states ,code1 as amended by subsection
 7a71 is amended-- 7,a7 in subsection   
7g71 as so redesignated1 by striking or 
7e7 and inserting or 7f72  7,b7 in      
subsection 7j77#a77;,b71 as so          
redesignated1 by striking subsection 7f7
 and inserting subsection 7g72 and  7,c7
 in subsection 7k71 as so redesignated--
  7i7 in paragraph 7#a77;,b71 by        
striking 7#be ,u4,s4,c4 #dej;i7j77 and  
inserting 7#be ,u4,s4,c4 #ecbc7;j772    
7ii7 in paragraph 7#b71 in the matter   

preceding subparagraph 7,a71 by striking
 and 7e7 and inserting 7e71 and 7f72    
7iii7 in paragraph 7#d71 by striking and
 7e7 and inserting 7e71 and 7f72 and    
7iv7 in paragraph 7#g7--  7,i7 in       
subparagraph 7,a71 by striking and 7e7  
and inserting 7e71 and 7f72 and  7,,ii7 
in subparagraph 7,b77ii71 in the matter 
preceding subclause 7,i71 by striking   
subsections 7c71 7d71 or 7e7 and        
inserting subsection 7c71 7d71 7e71 or  
7f74  7#c7 ,section #ada7;b77#d7 of the 
,trade ,act of #aigd 7#ai ,u4,s4,c4     
#baga7;b77#d77 is amended by striking   
section #bjg7;f77#c7 and inserting      
#bjg7;g77#c74  7#d7 ,section            
#ghjb7;b77#c77;,b7 of the ,internal     
,revenue ,code of #aihf is amended by   
striking and 7f7 of section #bjg and    
inserting and 7g7 of section #bjg4  7#e7
 ,section #caje7;c7 of the ,,usec       
,privatization ,act 7#db ,u4,s4,c4      
#bbig;h-#c7;c77 is amended by striking  
and 7d7 and inserting and 7e74  7#f7    
,section #ajf7p77#f77;,i77ii7 of title  

#di1 ,united ,states ,code1 is amended  
by striking and 7f7 of section #bjg and 
inserting and 7g7 of section #bjg4  #f4 
,restrictions on federal examiners and  
supervisors of financial institutions   
7a7 ,in general ,section #aj7k7 of the  
,federal ,deposit ,insurance ,act 7#ab  
,u4,s4,c4 #ahbj7k77 is amended-- 7#a7 in
 the subsection heading--  7,a7 by      
striking ,one-,year and inserting       
,two-,year2 and  7,b7 by striking       
,examiners and inserting ,examiners and 
,supervisors2  7#b7 in paragraph 7#a7-- 
7,a7 by striking subparagraph 7,b7 and  
inserting the following3  7,b7 served-- 
7i7 not less than #b months during the  
final #ab months of the employment of   
the person with that agency or entity as
 the senior examiner 7or a functionally 
equivalent position7 of a depository    
institution or depository institution   
holding company with continuing1 broad  
responsibility for the examination 7or  
inspection7 of that depository          
institution or depository institution   

holding company on behalf of the        
relevant agency or ,federal reserve     
bank2 or  7ii7 as a supervisor of the   
senior examiner with responsibility for 
managing the oversight of not more than 
#e depository institutions or depository
 institution holding companies on behalf
 of the relevant agency or ,federal     
reserve bank2 and  2 and  7,b7 in       
subparagraph 7,c7-- 7i7 in the matter   
preceding clause 7i71 by striking #a    
year and inserting #b years2  7ii7 in   
clause 7i7-- 7,i7 by striking other     
company and inserting other company1    
firm1 or association2 and  7,,ii7 by    
striking or at the end2  7iii7 in clause
 7ii71 by striking the period at the end
 and inserting 2 or2 and  7iv7 by adding
 at the end the following3  7iii7 a     
business entity1 firm1 or association   
that represents the depository          
institution or depository institution   
holding company for compensation4  2    
7#c7 by redesignating paragraphs 7#b7   
through 7#f7 as paragraphs 7#c7 through 

7#g71 respectively2  7#d7 by inserting  
after paragraph 7#a7 the following3     
7#b7 ,application of penalties for      
supervisors ,a supervisor of a covered  
financial services regulator1 or a      
supervisor of a senior examiner         
described in paragraph 7#a77;,b77i71    
shall be subject to the penalties       
described in paragraph 7#g7 if the      
supervisor knowingly accepts            
compensation during the #b-year period  
beginning on the date on which the      
service of the supervisor is            
terminated--  7,a7 as-- 7i7 an employee2
  7ii7 an officer2  7iii7 a director2 or
  7iv7 a consultant2 and  7,b7 from--   
7i7 a depository institution2  7ii7 a   
depository institution holding company  
that is designated by the ,financial    
,stability ,oversight ,council as a     
systemically important financial market 
utility under section #hjd of the       
,payment1 ,clearing1 and ,settlement    
,supervision ,act of #bjaj 7#ab         
,u4,s4,c4 #edfc72 or  7iii7 a business  

entity1 firm1 or association that       
represents an institution described in  
clause 7ii7 for compensation4  2  7#e7  
in paragraph 7#c71 as so redesignated-- 
7,a7 by redesignating subparagraphs 7,a7
 and 7,b7 as subparagraphs 7,b7 and     
7,c71 respectively2 and  7,b7 by        
inserting before subparagraph 7,b71 as  
so redesignated1 the following3  7,a7   
the term covered financial services     
regulator has the meaning given the term
 in section #fja of the ,ethics in      
,government ,act of #aigh 7#e ,u4,s4,c4 
,app472  2  7#f7 in paragraph 7#d71 as  
so redesignated1 by striking or other   
company each place it appears and       
inserting or other company1 firm1 or    
association2 and  7#g7 in paragraph     
7#g71 as so redesignated--  7,a7 in     
subparagraph 7,a7-- 7i7 in the matter   
preceding clause 7i71 by striking other 
company and inserting other company1    
firm1 or association2 and  7ii7 in      
clause 7i77,i71 by striking other       
company and inserting other company1    

firm1 or association2 and  7,b7 in      
subparagraph 7,c71 by striking a company
 and inserting a company1 firm1 or      
association4  7b7 ,technical and        
conforming amendments ,section #aj7k7 of
 the ,federal ,deposit ,insurance ,act  
7#ab ,u4,s4,c4 #ahbj7k77 is amended--   
7#a7 in paragraph 7#a71 in the matter   
preceding subparagraph 7,a71 by striking
 paragraph 7#f7 and inserting paragraph 
7#g72  7#b7 in paragraph 7#e77;,a71 as  
so redesignated1 by striking paragraph  
7#a77;,b7 and inserting paragraphs      
7#a77;,b7 and 7#b72 and  7#c7 in        
paragraph 7#g71 as so redesignated--    
7,a7 in subparagraph 7,a7-- 7i7 by      
striking subject to paragraph 7#a7 and  
inserting subject to paragraph 7#a7 or  
7#b72 and  7ii7 by striking paragraph   
7#a77;,c7 and inserting paragraph       
7#a77;,c7 or 7#b72 and  7,b7 in         
subparagraph 7,c7--  7i7 by striking    
person described in paragraph 7#a7 and  
inserting person described in paragraph 
7#a7 or 7#b72 and  7ii7 by striking the 

functions described in paragraph        
7#a77;,b7 and inserting the functions or
 duties described in paragraph 7#a77;,b7
 or 7#b74  #g4 ,severability ,if any    
provision of this ,act or any amendment 
made by this ,act1 or any application of
 such provision or amendment to any     
person or circumstance1 is held to be   
unconstitutional1 the remainder of the  
provisions of this ,act and the         
amendments made by this ,act and the    
application of the provision or         
amendment to any other person or        
circumstance shall not be affected4