,,ib ,union ,cal5d> ,no4 #bda #aah? ,,congress #a/ ,session ,h4 ,r4 #bgih ,report ,no4 #aah-big1 ,"p ,i ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,april #bd1 #bjbc,mr4 ,b>r introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices1 & 9 addition to ! ,committees on ,ov]sight & ,acc\ntability1 ! ,judici>y1 & ,small ,bus9ess1 = 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$ ,decemb] #d1 #bjbc;,additional sponsors3 ,mrs4 ,h\*9 & ,mr4 ,hunt ,decemb] #d1 #bjbc,report$ f ! ,committee on ,f9ancial ,s]vices ) an amendment,strike out all aft] ! enact+ clause & ins]t ! "p pr9t$ 9 italic ,decemb] #d1 #bjbc ,committees on ,ov]sight & ,acc\ntability1 ! ,judici>y1 & ,small ,bus9ess dis*>g$2 committ$ to ! ,committee ( ! ,:ole ,h\se on ! ,/ate ( ! ,union & ord]$ to be printed,for text ( introduc$ bill1 see copy ( bill z introduc$ on ,april #bd1 #bjbc ,a ,,bill ,to make re=ms to ! ,bureau ( ,consum] ,f9ancial ,protection1 & = o!r purposes4 #a4 ,%ort title2 table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! ,,cfpb ,transp>5cy & ,acc\ntability ,re=m ,act4 7b7 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 table ( cont5ts4,title ,i--,commission ( ! ,bureau ( ,consum] ,f9ancial ,protection ,act,sec4 #aja4 ,%ort title4,sec4 #ajb4 ,mak+ ! ,bureau an indep5d5t ag5cy l$ by a commission4,sec4 #ajc4 ,deem+ ( "n4,sec4 #ajd4 ,con=m+ am5dm5ts4,title ,,ii--,,tabs ,act ( #bjbc,sec4 #bja4 ,%ort title4,sec4 #bjb4 ,br++ ! ,bureau into ! regul> appropriations process4,title ,,iii--,,cfpb-,,ig ,re=m ,act ( #bjbc,sec4 #cja4 ,%ort title4,sec4 #cjb4 ,appo9tm5t ( ,inspector ,g5]al4,sec4 #cjc4 ,requirem5ts = ! ,inspector ,g5]al = ! ,bureau ( ,consum] ,f9ancial ,protection4,sec4 #cjd4 ,effective date4,title ,,iv--,,cfpb ,dual ,m&ate & ,economic ,analysis ,act,sec4 #dja4 ,%ort title4,sec4 #djb4 ,purpose4,sec4 #djc4 ,(fice ( ,economic ,analysis4,title ,v--,transp>5cy 9 ,,cfpb ,co/-,b5efit ,analysis ,act,sec4 #eja4 ,%ort title4,sec4 #ejb4 ,transp>5cy 9 co/-b5efit analysis4,title ,,vi--,mak+ ! ,,cfpb ,acc\ntable to ,small ,bus9esses ,act ( #bjbc,sec4 #fja4 ,%ort title4,sec4 #fjb4 ,rulemak+ "u ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act4,sec4 #fjc4 ,initial regulatory flexibility analysis4,sec4 #fjd4 ,f9al regulatory flexibility analysis4,title ,,vii--,,cfpb ,:i/lebl[] ,inc5tives & ,protection ,act,sec4 #gja4 ,%ort title4,sec4 #gjb4 ,bureau :i/lebl[] inc5tives & protection4,sec4 #gjc4 ,am5dm5t to ! ,consum] ,f9ancial ,civil ,p5alty ,fund4 ,i ,commission ( ! ,bureau ( ,consum] ,f9ancial ,protection ,act #aja4 ,%ort title ,?is ,act may be cit$ z ! ,commission ( ! ,bureau ( ,consum] ,f9ancial ,protection ,act #ajb4 ,mak+ ! ,bureau an indep5d5t ag5cy l$ by a commission ,! ,consum] ,f9ancial ,protection ,act ( #bjaj 7#ab ,u4,s4,c4 #edha et seq47 is am5d$-- 7#a7 9 section #ajaa-- 7,a7 9 subsection 7a7-- 7i7 by /rik+ 9 ! ,f$]al ,res]ve ,sy/em12 & 7ii7 by /rik+ indep5d5t bureau & ins]t+ indep5d5t ag5cy2 7,b7 by /rik+ subsections 7b71 7c71 & 7d72 7,c7 by r$esignat+ subsection 7e7 z subsection 7j72 7,d7 9 subsection 7j71 z s r$esignat$1 by /rik+ 1 includ+ 9 cities 9 :i* ! ,f$]al res]ve banks1 or bran*es ( su* banks1 are locat$12 & 7,e7 by ins]t+ aft] subsection 7a7 ! foll[+ new subsections3 7b7 ,au?ority to prescribe regulations ,! commission ( ! ,bureau may prescribe su* regulations & issue su* ord]s 9 accordance ) ?is title z ! ,bureau may det]m9e to be necess>y = c>ry+ out ?is title & all o!r laws )9 ! ,bureau's jurisdiction & %all ex]cise any au?orities grant$ "u ?is title & all o!r laws )9 ! ,bureau's jurisdiction4 7c7 ,composition ( ! commission 7#a7 ,9 g5]al ,! managem5t ( ! ,bureau %all be ve/$ 9 a commission1 :i* %all be compos$ ( #e memb]s :o %all be appo9t$ by ! ,presid5t1 by & ) ! advice & cons5t ( ! ,s5ate1 & at lea/ #b ( :om %all h private sector exp]i5ce 9 ! provision ( consum] f9ancial products & s]vices4 7#b7 ,/agg]+ ,! memb]s ( ! commission %all s]ve /agg]$ t]ms1 :i* initially %all be e/abli%$ by ! ,presid5t = t]ms ( #a1 #b1 #c1 #d1 & #e ye>s1 respectively4 7#c7 ,t]ms 7,a7 ,9 g5]al ,except ) respect to ! initial /agg]$ t]ms describ$ "u p>agraph 7#b71 ea* memb] ( ! commission1 includ+ ! ,*air1 %all s]ve = a t]m ( #e ye>s4 7,b7 ,removal ,! ,presid5t may remove any memb] ( ! commission = ineffici5cy1 neglect ( duty1 or malfeasance 9 (fice4 7,c7 ,vacancies ,any memb] ( ! commission appo9t$ to fill a vacancy occurr+ be=e ! expiration ( ! t]m to :i* t memb]'s pr$ecessor 0 appo9t$ 7includ+ ! ,*air7 %all be appo9t$ only = ! rema9d] ( ! t]m4 7,d7 ,cont9uation ( s]vice ,ea* memb] ( ! commission may cont9ue to s]ve aft] ! expiration ( ! t]m ( (fice to :i* t memb] 0 appo9t$ until a successor has be5 appo9t$ by ! ,presid5t & confirm$ by ! ,s5ate1 except t a memb] may n cont9ue to s]ve m ?an #a ye> aft] ! date on :i* t memb]'s t]m w\ld o!rwise expire4 7,e7 ,o!r employm5t prohibit$ ,no memb] ( ! commission %all engage 9 any o!r bus9ess1 vocation1 or employm5t4 7d7 ,affiliation ,n m ?an #c memb]s ( ! commission %all be memb]s ( any "o political p>ty4 7e7 ,*air ( ! commission 7#a7 ,initial ,*air ,! fir/ memb] & ,*air ( ! commission %all be ! individual s]v+ z ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection on ! day be=e ! date ( ! enactm5t ( ?is subsection4 ,su* individual %all s]ve until ! ,presid5t has appo9t$ all #e memb]s ( ! commission 9 accordance ) subsection 7c74 7#b7 ,subsequ5t ,*air ,( ! #e memb]s appo9t$ 9 accordance ) subsection 7c71 ! ,presid5t %all appo9t #a memb] to s]ve z ! subsequ5t ,*air ( ! commission4 7#c7 ,au?ority ,! ,*air %all be ! pr9cipal executive (fic] ( ! commission1 & %all ex]cise all ( ! executive & adm9i/rative functions ( ! commission1 includ+ ) respect to-- 7,a7 ! appo9tm5t & sup]vision ( p]sonnel employ$ "u ! commission 7o!r ?an p]sonnel employ$ regul>ly & full "t 9 ! imm$iate (fices ( memb]s ( ! commission o!r ?an ! ,*air72 7,b7 ! di/ribution ( bus9ess among p]sonnel appo9t$ & sup]vis$ by ! ,*air & among adm9i/rative units ( ! commission2 & 7,c7 ! use & exp5diture ( funds4 7#d7 ,limitation ,9 c>ry+ out any ( ! ,*air's functions "u ! provisions ( ?is subsection1 ! ,*air %all be gov]n$ by g5]al policies ( ! commission & by su* regulatory decisions1 f9d+s1 & det]m9ations z ! commission may by law be au?oriz$ to make4 7#e7 ,reque/s or e/imates relat$ to appropriations ,reque/s or e/imates = regul>1 supplem5tal1 or defici5cy appropriations on behalf ( ! commission may n be submitt$ by ! ,*air )\t ! prior approval ( ! commission4 7#f7 ,designation ,! ,*air %all be kn[n z bo? ! ,*air ( ! commission ( ! ,bureau & ! ,*air ( ! ,bureau4 7f7 ,initial quorum e/abli%$ ,= ! #f mon? p]iod beg9n+ on ! date ( enactm5t ( ?is subsection1 ! fir/ memb] & ,*air ( ! commission describ$ "u subsection 7e77#a7 %all con/itute a quorum = ! transaction ( bus9ess until ! ,presid5t has appo9t$ all #e memb]s ( ! commission 9 accordance ) subsection 7c74 ,foll[+ su* appo9tm5t ( #e memb]s1 ! quorum requirem5ts ( subsection 7g7 %all apply4 7g7 ,no impairm5t by reason ( vacancies ,no vacancy 9 ! memb]s ( ! commission aft] ! e/abli%m5t ( an initial quorum "u subsection 7f7 %all impair ! "r ( ! rema9+ memb]s ( ! commission to ex]cise all ! p[]s ( ! commission4 ,?ree memb]s ( ! commission %all con/itute a quorum = ! transaction ( bus9ess1 except t if !re are only #c memb]s s]v+ on ! commission because ( vacancies 9 ! commission1 #b memb]s ( ! commission %all con/itute a quorum = ! transaction ( bus9ess4 ,if !re are only #b memb]s s]v+ on ! commission because ( vacancies 9 ! commission1 #b memb]s %all con/itute a quorum = ! #f-mon? p]iod beg9n+ on ! date ( ! vacancy :i* caus$ ! numb] ( commission memb]s to decl9e to #b4 7h7 ,seal ,! ,bureau %all h an (ficial seal4 7i7 ,comp5sation 7#a7 ,*air ,! ,*air %all receive comp5sation at ! rate prescrib$ = level ,i ( ! ,executive ,s*$ule "u section #ecac ( title #e1 ,unit$ ,/ates ,code4 7#b7 ,o!r memb]s ( ! commission ,! #d o!r memb]s ( ! commission %all ea* receive comp5sation at ! rate prescrib$ = level ,,ii ( ! ,executive ,s*$ule "u section #ecad ( title #e1 ,unit$ ,/ates ,code4 2 7#b7 9 section #ajab7;c7-- 7,a7 9 ! head+1 by /rik+ ,autonomy ( ! ,bureau & ins]t+ ,coord9ation ) ! ,bo>d ( ,gov]nors2 7,b7 by /rik+ 7#a7 ,coord9ation ) ! bo>d ( gov]nors4--2 & 7,c7 by /rik+ p>agraphs 7#b71 7#c71 7#d71 & 7#e72 & 7#c7 9 section #ajad7;b71 by /rik+ ,n few] ?an #f memb]s %all be appo9t$ ^u ! recomm5dation ( ! regional ,f$]al ,res]ve ,bank ,presid5ts1 on a rotat+ basis4 & ins]t+ ,n few] ?an half ( all memb]s %all h private sector exp]i5ce 9 ! provision ( consum] f9ancial products & s]vices44 #ajc4 ,deem+ ( "n ,any ref]5ce 9 a law1 regulation1 docum5t1 pap]1 or o!r record ( ! ,unit$ ,/ates to ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection1 except 9 subsection 7e77#a7 ( section #ajaa ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj 7#ab ,u4,s4,c4 #edia71 z add$ by ?is ,act1 %all be deem$ a ref]5ce to ! commission lead+ & gov]n+ ! ,bureau ( ,consum] ,f9ancial ,protection1 z describ$ "u section #ajaa ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj4 #ajd4 ,con=m+ am5dm5ts 7a7 ,consum] ,f9ancial ,protection ,act ( #bjaj 7#a7 ,9 g5]al ,except z provid$ "u p>agraph 7#b71 ! ,consum] ,f9ancial ,protection ( #bjaj 7#ab ,u4,s4,c4 #edha et seq47 is am5d$-- 7,a7 by /rik+ ,director ( ! ,bureau ea* place su* t]m appe>s1 o!r ?an :]e su* t]m is us$ to ref] to a ,director o!r ?an ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection1 & ins]t+ ,bureau2 7,b7 by /rik+ ,director ea* place su* t]m appe>s & ins]t+ ,bureau1 o!r ?an :]e su* t]m is us$ to ref] to a ,director o!r ?an ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection2 & 7,c7 9 section #ajjb1 by /rik+ p>agraph 7#aj74 7#b7 ,exceptions 7,a7 ,9 g5]al ,! ,consum] ,f9ancial ,protection ,act ( #bjaj 7#ab ,u4,s4,c4 #edha et seq47 is am5d$-- 7i7 9 section #ajac7;c77#c7-- 7,i7 by /rik+ ,assi/ant ,director ( ! ,bureau = & ins]t+ ,head ( ! ,(fice (2 & 7,,ii7 9 subp>agraph 7,b71 by /rik+ ,assi/ant ,director & ins]t+ ,head ( ! ,(fice2 7ii7 9 section #ajac7;g77#b7-- 7,i7 by /rik+ ,assi/ant director & ins]t+ ,head ( ! ,(fice2 & 7,,ii7 by /rik+ an assi/ant director & ins]t+ a ,head ( ! ,(fice ( ,f9ancial ,protection = ,old] ,am]icans2 7iii7 9 section #ajaf7;a71 by /rik+ ,director ( ! ,bureau & ins]t+ ,*air ( ! ,bureau2 & 7iv7 by /rik+ section #ajff4 7,b7 ,cl]ical am5dm5t ,! table ( cont5ts = ! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act is am5d$ by /rik+ ! item relat+ to section #ajff4 7b7 ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act ,! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act 7#ab ,u4,s4,c4 #ecja et seq47 is am5d$-- 7#a7 9 section #aaa7;b77#a77;,d71 by /rik+ ,director & ins]t+ ,*air2 & 7#b7 9 section #addg1 by /rik+ ,director ( ! ,bureau ea* place su* t]m appe>s & ins]t+ ,*air ( ! ,bureau4 7c7 ,electronic ,fund ,transf] ,act ,section #iba7;a77#d77;,c7 ( ! ,electronic ,fund ,transf] ,act 7#ae ,u4,s4,c4 #afico-#b7;a77#d77;,c771 z add$ by section #ajge7;a77#b7 ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj1 is am5d$ by /rik+ ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection & ins]t+ ,*air ( ! ,bureau ( ,consum] ,f9ancial ,protection4 7d7 ,exp$it$ ,funds ,availability ,act ,! ,exp$it$ ,funds ,availability ,act 7#ab ,u4,s4,c4 #djja et seq471 z am5d$ by section #ajhf ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj1 is am5d$ by /rik+ ,director ( ! ,bureau ea* place su* t]m appe>s & ins]t+ ,bureau4 7e7 ,f$]al ,deposit ,insurance ,act ,section #b ( ! ,f$]al ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahab71 z am5d$ by section #ccf7;a7 ( ! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act1 is am5d$ by /rik+ ,director ( ! ,consum] ,f9ancial ,protection ,bureau ea* place su* t]m appe>s & ins]t+ ,*air ( ! ,bureau ( ,consum] ,f9ancial ,protection4 7f7 ,f$]al ,f9ancial ,in/itutions ,exam9ation ,c\ncil ,act ( #aigh ,section #ajjd7;a77#d7 ( ! ,f$]al ,f9ancial ,in/itutions ,exam9ation ,c\ncil ,act ( #aigh 7#ab ,u4,s4,c4 #ccjc7;a77#d771 z am5d$ by section #ajia ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj1 is am5d$ by /rik+ ,director ( ! ,consum] ,f9ancial ,protection ,bureau & ins]t+ ,*air ( ! ,bureau ( ,consum] ,f9ancial ,protection4 7g7 ,f9ancial ,lit]acy & ,education ,improvem5t ,act ,section #eac ( ! ,f9ancial ,lit]acy & ,education ,improvem5t ,act 7#bj ,u4,s4,c4 #igjb71 z am5d$ by section #ajac7;d77#e7 ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj1 is am5d$ by /rik+ ,director ea* place su* t]m appe>s & ins]t+ ,*air4 7h7 ,home ,mortgage ,disclosure ,act ( #aige ,section #cjg ( ! ,home ,mortgage ,disclosure ,act ( #aige 7#ab ,u4,s4,c4 #bhjf et seq71 z am5d$ by section #ajid7f7 ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj1 is am5d$ by /rik+ ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection ea* place su* t]m appe>s & ins]t+ ,bureau ( ,consum] ,f9ancial ,protection4 7i7 ,int]/ate ,l& ,sales ,full ,disclosure ,act ,! ,int]/ate ,l& ,sales ,full ,disclosure ,act 7#ae ,u4,s4,c4 #agja et seq71 z am5d$ by section #ajih;,a ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj1 is am5d$-- 7#a7 9 section #adjb-- 7,a7 by /rik+ p>agraph 7#a72 & 7,b7 by r$esignat+ p>agraphs 7#b7 ?r\gh 7#ab7 z p>agraphs 7#a7 ?r\gh 7#aa71 respectively2 7#b7 9 section #adjc7;c7-- 7,a7 by /rik+ him & ins]t+ ! ,bureau2 & 7,b7 by /rik+ he & ins]t+ ! ,bureau2 7#c7 9 section #adjg-- 7,a7 9 subsection 7c71 by /rik+ he & ins]t+ ! ,bureau2 & 7,b7 9 subsection 7e71 by /rik+ ,director or anyone designat$ by him & ins]t+ ,bureau2 7#d7 9 section #adaa7;a7-- 7,a7 by /rik+ 8 f9d+s & ins]t+ ! f9d+s ( ! ,bureau2 & 7,b7 by /rik+ 8 recomm5dation & ins]t+ ! recomm5dation ( ! ,bureau2 7#e7 9 section #adae-- 7,a7 9 subsection 7a71 by /rik+ he may1 9 8 discretion1 & ins]t+ ! ,bureau may1 9 ! discretion ( ! ,bureau12 7,b7 9 subsection 7b7-- 7i7 by /rik+ 9 8 discretion ea* place su* t]m appe>s & ins]t+ 9 ! discretion ( ! ,bureau2 7ii7 by /rik+ he deems & ins]t+ ! ,bureau det]m9es2 & 7iii7 by /rik+ he may deem & ins]t+ ! ,bureau may det]m9e2 & 7,c7 9 subsection 7c71 by /rik+ ! ,director1 or any (fic] designat$ by him1 & ins]t+ ! ,bureau2 7#f7 9 section #adaf7;a7-- 7,a7 by /rik+ ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection :o may delegate any ( 8 & ins]t+ ,bureau ( ,consum] ,f9ancial ,protection1 :i* may delegate any2 7,b7 by /rik+ 8 adm9i/rative & ins]t+ adm9i/rative2 & 7,c7 by /rik+ himself & ins]t+ ! commission ( ! ,bureau2 7#g7 9 section #adah;a7b77#d71 by /rik+ ,secret>y's det]m9ation & ins]t+ det]m9ation ( ! ,bureau2 & 7#h7 by /rik+ ,director ea* place su* t]m appe>s & ins]t+ ,bureau4 7j7 ,real ,e/ate ,settlem5t ,proc$ures ,act ( #aigd ,section #e ( ! ,real ,e/ate ,settlem5t ,proc$ures ,act ( #aigd 7#ab ,u4,s4,c4 #bfjd71 z am5d$ by section #adej ( ! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act1 is am5d$-- 7#a7 by /rik+ ,! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection 7h]eaft] 9 ?is section ref]r$ to z ! ,director7 & ins]t+ ,! ,bureau ( ,consum] ,f9ancial ,protection 7h]eaft] 9 ?is section ref]r$ to z ! ,bureau72 & 7#b7 by /rik+ ,director ea* place su* t]m appe>s & ins]t+ ,bureau4 7k7 ,s4,a4,f4,e4 ,mortgage ,lic5s+ ,act ( #bjjh ,! ,s4,a4,f4,e4 ,mortgage ,lic5s+ ,act ( #bjjh 7#ab ,u4,s4,c4 #eaja et seq471 z am5d$ by section #aajj ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj1 is am5d$-- 7#a7 by /rik+ ,director ea* place su* t]m appe>s 9 head+s & text & ins]t+ ,bureau ( ,consum] ,f9ancial ,protection2 & 7#b7 9 section #aejc1 by /rik+ p>agraph 7#aj74 7l7 ,title #dd1 ,unit$ ,/ates ,code ,section #ceac7;c7 ( title #dd1 ,unit$ ,/ates ,code1 z am5d$ by section #aajj;,d7b7 ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj1 is am5d$ by /rik+ ,director ( !4 ,,ii ,,tabs ,act ( #bjbc #bja4 ,%ort title ,?is title may be cit$ z ! ,tak+ ,acc\nt ( ,bureaucrats' ,sp5d+ ,act ( #bjbc or ! ,,tabs ,act ( #bjbc4 #bjb4 ,br++ ! ,bureau into ! regul> appropriations process 7a7 ,9 g5]al ,section #ajag ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj 7#ab ,u4,s4,c4 #edig7 is am5d$-- 7#a7 9 subsection 7a7-- 7,a7 by am5d+ ! head+ ( su* subsection to read z foll[s3 ,budget1 f9ancial managem5t1 & audit4--2 7,b7 by /rik+ p>agraphs 7#a71 7#b71 & 7#c72 7,c7 by r$esignat+ p>agraphs 7#d7 & 7#e7 z p>agraphs 7#a7 & 7#b71 respectively2 & 7,d7 by /rik+ subp>agraphs 7,e7 & 7,f7 ( p>agraph 7#a71 z s r$esignat$2 7#b7 by /rik+ subsections 7b7 & 7c72 7#c7 by r$esignat+ subsections 7d7 & 7e7 z subsections 7b7 & 7c71 respectively2 & 7#d7 9 subsection 7c71 z s r$esignat$-- 7,a7 by /rik+ p>agraphs 7#a71 7#b71 & 7#c7 & ins]t+ ! foll[+3 7#a7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ to ! ,bureau #fej1jjj1jjj = fiscal ye> #bjbd to c>ry out ! au?orities ( ! ,bureau4 2 & 7,b7 by r$esignat+ p>agraph 7#d7 z p>agraph 7#b74 7b7 ,transf] ( am\nts f ,civil ,p5alty ,fund ,on ! date t funds are appropriat$ pursuant to section #ajag7;c77#a7 ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj 7z am5d$ by subsection 7a77 = fiscal ye> #bjbd1 !re is transf]r$ an equal am\nt ( funds f ! ,consum] ,f9ancial ,civil ,p5alty ,fund to ! g5]al fund ( ! ,treasury4 ,,iii ,,cfpb-,,ig ,re=m ,act ( #bjbc #cja4 ,%ort title ,?is title may be cit$ z ! ,bureau ( ,consum] ,f9ancial ,protection-,inspector ,g5]al ,re=m ,act ( #bjbc or ! ,,cfpb-,,ig ,re=m ,act ( #bjbc4 #cjb4 ,appo9tm5t ( ,inspector ,g5]al ,*apt] #d ( title #e1 ,unit$ ,/ates ,code1 is am5d$-- 7#a7 9 section #dja-- 7,a7 9 p>agraph 7#a71 by ins]t+ ! ,bureau ( ,consum] ,f9ancial ,protection1 aft] ! ,export-,import ,bank ( ! ,unit$ ,/ates12 & 7,b7 9 p>agraph 7#c71 by ins]t+ ! ,*air ( ! ,bureau ( ,consum] ,f9ancial ,protection2 aft] ! ,presid5t ( ! ,export-,import ,bank ( ! ,unit$ ,/ates22 & 7#b7 9 section #dae-- 7,a7 9 subsection 7a77#a77;,a71 by /rik+ & ! ,bureau ( ,consum] ,f9ancial ,protection2 7,b7 9 subsection 7c71 by /rik+ ,= purposes ( implem5t+ ?is section1 ! ,*airman ( ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em %all appo9t ! ,inspector ,g5]al ( ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em & ! ,bureau ( ,consum] ,f9ancial ,protection4 ,! ,inspector ,g5]al ( ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em & ! ,bureau ( ,consum] ,f9ancial ,protection %all h all ( ! au?orities & responsibilities provid$ by ?is ,act ) respect to ! ,bureau ( ,consum] ,f9ancial ,protection1 z if ! ,bureau 7 "p ( ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em42 & 7,c7 9 subsection 7g77#c71 by /rik+ & ! ,bureau ( ,consum] ,f9ancial ,protection4 #cjc4 ,requirem5ts = ! ,inspector ,g5]al = ! ,bureau ( ,consum] ,f9ancial ,protection 7a7 ,e/abli%m5t ,section #ajaa ( ! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act 7#ab ,u4,s4,c4 #edia71 z am5d$ by section #ajb7a71 is fur!r am5d$ by add+ at ! end ! foll[+3 7k7 ,inspector g5]al ,!re is e/abli%$ ! position ( ! ,inspector ,g5]al4 4 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> be=e ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives at semiannual he>+s reg>d+ ! reports requir$ "u subsection 7b7 & ! reports requir$ "u section #dje ( title #e1 ,unit$ ,/ates ,code4 4 7c7 ,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 7d7 ,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 #djc ( title #e1 ,unit$ ,/ates ,code4 #cjd4 ,effective date 7a7 ,9 g5]al ,! am5dm5ts made by ?is title %all take effect on ! date on :i* ! fir/ ,inspector ,g5]al ( ! ,bureau ( ,consum] ,f9ancial ,protection is confirm$ by ! ,s5ate4 7b7 ,appo9tm5t ,! ,presid5t may appo9t1 & ! ,s5ate may confirm1 an ,inspector ,g5]al ( ! ,bureau ( ,consum] ,f9ancial ,protection be=e ! am5dm5ts made by ?is title take effect4 7c7 ,transition ,! ,inspector ,g5]al ( ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em & ! ,bureau ( ,consum] ,f9ancial ,protection %all1 ^u ! date on :i* ! fir/ ,inspector ,g5]al ( ! ,bureau ( ,consum] ,f9ancial ,protection is confirm$ by ! ,s5ate1 become ! ,inspector ,g5]al ( ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em4 ,,iv ,,cfpb ,dual ,m&ate & ,economic ,analysis ,act #dja4 ,%ort title ,?is title may be cit$ z ! ,,cfpb ,dual ,m&ate & ,economic ,analysis ,act4 #djb4 ,purpose ,section #ajba7;a7 ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj 7#ab ,u4,s4,c4 #eeaa7;a77 is am5d$-- 7#a7 by /rik+ fair1 transp>5t1 & competitive & ins]t+3 fair & transp>5t2 & 7#b7 by add+ at ! end ! foll[+3 ,9 addition1 ! ,bureau %all seek to implem5t &1 :]e applicable1 en=ce ,f$]al consum] f9ancial law consi/5tly = ! purpose ( /r5g!n+ private sector p>ticipation 9 m>kets1 )\t ,gov]nm5t int]f]5ce or subsidies1 to increase competition & enhance consum] *oice44 #djc4 ,(fice ( ,economic ,analysis 7a7 ,9 g5]al ,section #ajac ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj 7#ab ,u4,s4,c4 #edic7 is am5d$ by add+ at ! end ! foll[+3 7i7 ,(fice ( ,economic ,analysis 7#a7 ,e/abli%m5t ,! ,bureau %all e/abli% an ,(fice ( ,economic ,analysis4 7#b7 ,review & assessm5t ( propos$ guidance1 ord]s1 rules1 & regulations ,! ,(fice ( ,economic ,analysis %all-- 7,a7 review all propos$ guidance1 ord]s1 rules1 & regulations ( ! ,bureau1 includ+ c>ry+ out ! det]m9ations & assessm5ts ) respect to notices ( propos$ rulemak+ describ$ "u section #ajbb7;b77#g72 7,b7 assess ! impact ( su* guidance1 ord]s1 rules1 & regulations on consum] *oice1 price1 & access to cr$it products2 & 7,c7 publi% a report on su* reviews & assessm5ts 9 ! ,f$]al ,regi/]4 7#c7 ,measur+ exi/+ guidance1 ord]s1 rules1 & regulations ,! ,(fice ( ,economic ,analysis %all-- 7,a7 review ea* guidance1 ord]1 rule1 & regulation issu$ by ! ,bureau aft] #a1 #b1 #e1 & #aj ye>s2 7,b7 measure ea* su* guidance1 ord]1 rule1 or regulation's success 9 solv+ ! problem t ! guidance1 ord]1 rule1 or regulation 0 int5d$ to solve :5 issu$2 & 7,c7 publi% a report on su* review & measurem5t 9 ! ,f$]al ,regi/]4 4 7b7 ,consid]ation ( review & assessm5t2 rulemak+ requirem5ts ,section #ajbb7;b7 ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj 7#ab ,u4,s4,c4 #eeab7;b77 is am5d$ by add+ at ! end ! foll[+3 7#e7 ,consid]ation ( review & assessm5t by ! ,(fice ( ,economic ,analysis 7,a7 ,9 g5]al ,be=e issu+ any guidance1 ord]1 rule1 or regulation1 ! commission]s ( ! ,bureau %all consid] ! review & assessm5t ( su* guidance1 ord]1 rule1 or regulation c>ri$ out by ! ,(fice ( ,economic ,analysis4 7,b7 ,notice ( disagreem5t ,if any commission] ( ! ,bureau disagrees ) any "p ( a review & assessm5t describ$ "u subp>agraph 7,a7 ) respect to any guidance1 ord]1 rule1 or regulation1 ! commission] %all accompany any su* guidance1 ord]1 rule1 or regulation ) a /atem5t expla9+ :y ! commission] s disagrees4 7#f7 ,id5tification ( problems & metrics = judg+ success 7,a7 ,9 g5]al ,! ,bureau %all1 9 ea* propos$ rulemak+ ( ! ,bureau-- 7i7 id5tify ! problem t ! p>ticul> rule or regulations is seek+ to solve2 & 7ii7 specify ! metrics by :i* ! ,bureau w measure ! success ( ! rule or regulation 9 solv+ su* problem4 7,b7 ,requir$ metrics ,! metrics specifi$ "u subp>agraph 7,a77ii7 %all include a measurem5t ( *anges to consum] access to1 & co/ (1 consum] f9ancial products & s]vices4 4 ,v ,transp>5cy 9 ,,cfpb ,co/-,b5efit ,analysis ,act #eja4 ,%ort title ,?is title may be cit$ z ! ,transp>5cy 9 ,,cfpb ,co/-,b5efit ,analysis ,act4 #ejb4 ,transp>5cy 9 co/-b5efit analysis ,section #ajbb7;b7 ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj 7#ab ,u4,s4,c4 #eeab7;b771 z am5d$ by section #djc1 is fur!r am5d$ by add+ at ! end ! foll[+3 7#g7 ,additional rulemak+ requirem5ts 7,a7 ,9 g5]al ,ea* notice ( propos$ rulemak+ issu$ by ! ,bureau %all be publi%$ 9 its entirety 9 ! ,f$]al ,regi/] & %all include-- 7i7 a /atem5t ( ! ne$ = ! propos$ regulation2 7ii7 an exam9ation ( :y ! ,bureau mu/ und]take ! propos$ regulation & :y ! private m>ket1 ,/ate1 local1 or tribal au?orities _c adequately address ! problem2 7iii7 an exam9ation by ! ,(fice ( ,economic ,analysis ( :e!r ! propos$ regulation is duplicative1 inconsi/5t1 or incompatible ) o!r ,f$]al regulations & ord]s2 7iv7 if ! propos$ regulation is f\nd by ! ,(fice ( ,economic ,analysis to be duplicative1 inconsi/5t1 or incompatible ) o!r ,f$]al regulations & ord]s1 a discussion (-- 7,i7 :y ! propos$ regulation is ju/ifi$2 7,,ii7 h[ ! propos$ regulation c coexi/ ) ! exi/+ regulations2 & 7,,iii7 h[ ! ,bureau plans to r$uce ! regulatory burd5 associat$ ) ! duplicative1 inconsi/5t1 or incompatible propos$ regulation2 7v7 a quantitative & qualitative assessm5t by ! ,(fice ( ,economic ,analysis ( all anticipat$ direct & indirect co/s & b5efits ( ! propos$ regulation1 includ+-- 7,i7 compliance co/s = all regulat$ entities1 includ+ small bus9esses2 7,,ii7 effects on economic activity1 effici5cy1 competition1 & capital =mation2 7,,iii7 regulatory & adm9i/rative co/s ( implem5tation2 & 7,,iv7 co/s impos$ on ,/ate1 local1 & tribal entities2 7vi7 an id5tification ( reasonable alt]natives to ! regulation1 includ+ modification ( an exi/+ regulation2 7vii7 an analysis by ! ,(fice ( ,economic ,analysis ( ! co/s & b5efits1 bo? quantitative & qualitative1 ( any alt]native id5tifi$ pursuant to clause 7vi72 7viii7 if ! ,(fice ( ,economic ,analysis det]m9es ! propos$ regulation w\ld increase co/s = small bus9esses1 !n ! ,bureau %all consult ! ,(fice ( ,advocacy )9 ! ,small ,bus9ess ,adm9i/ration to det]m9e ways to m9imize ! effect ( direct & indirect co/s impos$ on small bus9esses by ! propos$ regulation2 7ix7 if ! ,(fice ( ,economic ,analysis det]m9es t quantifi$ net b5efits ( ! propos$ action d n outweigh ! quantifi$ net b5efits ( ! alt]natives1 a ju/ification ( ! regulation2 7x7 if quantifi$ b5efits id5tifi$ pursuant to clause 7v7 by ! ,(fice ( ,economic ,analysis d n outweigh ! quantifi$ co/s ( ! regulation1 a ju/ification ( ! regulation2 7xi7 an assessm5t by ! ,(fice ( ,economic ,analysis ( h[ ! burd5 impos$ by ! regulation w be di/ribut$1 includ+ :e!r consum]s or small bus9esses w be disproportionately burd5$2 & 7xii7 :5 feasible1 & us+ appropriate /ati/ical te*niques1 a probability di/ribution prep>$ by ! ,(fice ( ,economic ,analysis ( ! relevant outcomes ( ! propos$ regulation4 7,b7 ,assumptions & /udies us$ ,) respect to ! in=mation requir$ to be includ$ "u subp>agraph 7,a7 9 a notice ( propos$ rulemak+1 ! ,bureau %all include 9 su* notice-- 7i7 a discussion ( und]ly+ assumptions us$ z a basis = su* in=mation2 & 7ii7 a description ( any /udies or data us$ 9 prep>+ su* in=mation1 & :e!r su* /udies 7 pe]-review$4 4 ,,vi ,mak+ ! ,,cfpb ,acc\ntable to ,small ,bus9esses ,act ( #bjbc #fja4 ,%ort title ,?is title may be cit$ z ! ,mak+ ! ,,cfpb ,acc\ntable to ,small ,bus9esses ,act ( #bjbc4 #fjb4 ,rulemak+ "u ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act ,section #ajbb7;b77#b77;,a7 ( ! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act 7#ab ,u4,s4,c4 #eeab7;b77#b77;,a77 is am5d$-- 7#a7 9 clause 7i71 by /rik+ & at ! end2 7#b7 9 clause 7ii71 by /rik+ ! semicolon at ! end & ins]t+ 2 &2 & 7#c7 by add+ at ! end ! foll[+3 7iii7 ! impact ( propos$ rules on small entities1 9 accordance ) section #fji ( title #e1 ,unit$ ,/ates ,code2 4 #fjc4 ,initial regulatory flexibility analysis ,section #fjc7;d77#a7 ( title #e1 ,unit$ ,/ates ,code1 is am5d$-- 7#a7 9 subp>agraph 7,b71 by /rik+ & at ! end2 7#b7 9 subp>agraph 7,c71 by /rik+ ! p]iod & ins]t+ 2 &2 & 7#c7 by add+ at ! end ! foll[+3 7,d7 ) respect to ! ,bureau ( ,consum] ,f9ancial ,protection1 if ! ,bureau does n adopt any alt]natives describ$ 9 p>agraphs 7#a7 ?r\gh 7#d7 ( subsection 7c71 a detail$ ju/ification ( ! ,bureau's det]m9ation t ! relative size & res\rces ( small entities %\ld h no be>+ on ! rule1 support$ by factual1 policy & legal reasons4 4 #fjd4 ,f9al regulatory flexibility analysis ,section #fjd7;a7 ( title #e1 ,unit$ ,/ates ,code1 is am5d$ by am5d+ ! second p>agraph 7#f7 to read z foll[s3 7#g7 ) respect to ! ,bureau ( ,consum] ,f9ancial ,protection1 a description ( ! /eps ! ,bureau has tak5 to m9imize any additional co/ ( cr$it = small entities &1 :]e no significant alt]natives = small entities 0 adopt$1 a detail$ ju/ification ( ! ,bureau's det]m9ation t ! relative size & res\rces ( small entities %\ld h no be>+ on ! rule1 support$ by factual1 policy & legal reasons4 4 ,,vii ,,cfpb ,:i/lebl[] ,inc5tives & ,protection ,act #gja4 ,%ort title ,?is title may be cit$ z ! ,,cfpb ,:i/lebl[] ,inc5tives & ,protection ,act4 #gjb4 ,bureau :i/lebl[] inc5tives & protection 7a7 ,9 g5]al ,! ,consum] ,f9ancial ,protection ,act ( #bjaj 7#ab ,u4,s4,c4 #edha et seq47 is am5d$ by ins]t+ aft] section #ajag ! foll[+3 #ajag;,a4 ,:i/lebl[] inc5tives & protection 7a7 ,def9itions ,9 ?is section3 7#a7 ,adm9i/rative proce$+ or c\rt action ,! t]m adm9i/rative proce$+ or c\rt action means any judicial or adm9i/rative action br\ght by ! ,bureau t results 9 monet>y sanctions exce$+ #a1jjj1jjj4 7#b7 ,fund ,! t]m ,fund means ! ,consum] ,f9ancial ,civil ,p5alty ,fund e/abli%$ "u section #ajag7;b77#a74 7#c7 ,monet>y sanctions ,! t]m monet>y sanctions1 :5 us$ ) respect to any adm9i/rative proce$+ or c\rt action means any monies1 includ+ p5alties1 disgorgem5t1 re/itution1 or int]e/1 ord]$ to be paid or o!r am\nts ( relief obta9$ "u section #ajee7;a77#b74 7#d7 ,orig9al in=mation ,! t]m orig9al in=mation means in=mation t-- 7,a7 is d]iv$ f ! indep5d5t k or analysis ( a :i/lebl[]2 7,b7 is n kn[n to ! ,bureau f any o!r s\rce1 unless ! :i/lebl[] is ! orig9al s\rce ( ! in=mation2 7,c7 is n exclusively d]iv$ f an allegation made 9 a judicial or adm9i/rative he>+1 9 a gov]nm5tal report1 he>+1 or f ! news m$ia1 unless ! :i/lebl[] is a s\rce ( ! in=mation2 & 7,d7 is n exclusively d]iv$ f an allegation made 9 an audit1 exam9ation1 or inve/igation4 7#e7 ,successful en=cem5t ,! t]m successful en=cem5t1 :5 us$ ) respect to any adm9i/rative proce$+ or c\rt action1 includes any settlem5t ( su* action4 7#f7 ,:i/lebl[] ,! t]m :i/lebl[] means any individual1 or #b or m individuals act+ jo9tly1 :o provides orig9al in=mation relat+ to a violation ( ,f$]al consum] f9ancial law1 consi/5t ) any rule issu$ by ! ,bureau "u ?is section4 7b7 ,aw>ds 7#a7 ,9 g5]al ,9 any adm9i/rative proce$+ or c\rt action ! ,bureau1 subject to rules prescrib$ by ! ,bureau & subject to subsection 7c71 %all pay an aw>d or aw>ds to #a or m :i/lebl[]s :o volunt>ily provid$ orig9al in=mation t l$ to ! successful en=cem5t ( ! adm9i/rative proce$+ or c\rt action 9 an aggregate am\nt equal to-- 7,a7 n less ?an ! great] (-- 7i7 #aj p]c5t1 9 total1 ( monet>y sanctions impos$ & collect$ 9 ! adm9i/rative proce$+ or c\rt action2 or 7ii7 #ej1jjj2 & 7,b7 n m ?an #cj p]c5t1 9 total1 ( su* monet>y sanctions4 7#b7 ,paym5t ( aw>ds ,any am\nt paid "u p>agraph 7#a7 %all be paid f ! ,fund4 7#c7 ,aw>d maximum ,not)/&+ any o!r provision 9 ?is section1 ! maximum aw>d to any s+le :i/lebl[] is limit$ to #e1jjj1jjj4 7c7 ,det]m9ation ( am\nt ( aw>d2 d5ial ( aw>d 7#a7 ,det]m9ation ( am\nt ( aw>d 7,a7 ,discretion ,! det]m9ation ( ! p]c5tage am\nt ( an aw>d made "u subsection 7b7 %all be 9 ! discretion ( ! ,bureau4 7,b7 ,crit]ia ,9 det]m9+ ! p]c5tage am\nt ( an aw>d made "u subsection 7b71 ! ,bureau %all take into consid]ation-- 7i7 ! significance ( ! in=mation provid$ by ! :i/lebl[] to ! successful en=cem5t ( ! adm9i/rative proce$+ or c\rt action2 7ii7 ! degree ( assi/ance provid$ by ! :i/lebl[] & any legal repres5tative ( ! :i/lebl[] 9 an adm9i/rative proce$+ or c\rt action2 7iii7 ! programmatic int]e/ ( ! ,bureau 9 det]r+ violations ( ,f$]al consum] f9ancial law 7includ+ applicable rules7 by mak+ aw>ds to :i/lebl[]s :o provide in=mation t leads to ! successful en=cem5t ( su* laws2 & 7iv7 su* additional relevant factors z ! ,bureau may e/abli% by rule4 7#b7 ,d5ial ( aw>d ,no aw>d "u subsection 7b7 may be made-- 7,a7 to any :i/lebl[] :o is1 or 0 at ! "t ! :i/lebl[] acquir$ ! orig9al in=mation submitt$ to ! ,bureau1 a memb]1 (fic]1 or employee ( an entity describ$ 9 subclauses 7,i7 ?r\gh 7,v7 ( subsection 7h77#a77;,c77i72 7,b7 to any :i/lebl[] :o is convict$ ( a crim9al violation relat$ to ! adm9i/rative proce$+ or c\rt action = :i* ! :i/lebl[] o!rwise c\ld receive an aw>d "u ?is section2 7,c7 to any :i/lebl[] :o is f\nd to be liable = ! conduct 9 ! adm9i/rative proce$+ or c\rt action1 or a relat$ action1 = :i* ! :i/lebl[] o!rwise c\ld receive an aw>d "u ?is section2 7,d7 to any :i/lebl[] :o plann$ & initiat$ ! conduct at issue 9 ! adm9i/rative proce$+ or c\rt action = :i* ! :i/lebl[] o!rwise c\ld receive an aw>d "u ?is section2 7,e7 to any :i/lebl[] :o submits in=mation to ! ,bureau t is bas$ on ! facts und]ly+ ! adm9i/rative proce$+ or c\rt action previ\sly submitt$ by ano!r :i/lebl[]2 7,f7 to any :i/lebl[] :o kn[+ly & willfully makes any false1 fictiti\s1 or fraudul5t /atem5t or repres5tation1 or :o makes or uses any false writ+ or docum5t kn[+ ! same to conta9 any false1 fictiti\s1 or fraudul5t /atem5t or entry2 & 7,g7 to any :i/lebl[] :o fails to submit in=mation to ! ,bureau 9 su* =m z ! ,bureau may1 by rule1 require4 7d7 ,repres5tation 7#a7 ,p]mitt$ repres5tation ,any :i/lebl[] :o makes a claim = an aw>d "u subsection 7b7 may be repres5t$ by c\nsel4 7#b7 ,requir$ repres5tation 7,a7 ,9 g5]al ,any :i/lebl[] :o anonym\sly makes a claim = an aw>d "u subsection 7b7 %all be repres5t$ by c\nsel if ! :i/lebl[] submits ! in=mation ^u :i* ! claim is bas$4 7,b7 ,disclosure ( id5tity ,prior to ! paym5t ( an aw>d1 a :i/lebl[] %all disclose ! id5tity ( ! :i/lebl[] & provide su* o!r in=mation z ! ,bureau may require1 directly or ?r\gh c\nsel ( ! :i/lebl[]4 7e7 ,no contract necess>y ,no contract or o!r agreem5t ) ! ,bureau is necess>y = any :i/lebl[] to receive an aw>d "u subsection 7b71 unless o!rwise requir$ by ! ,bureau by rule4 7f7 ,appeals ,any det]m9ation made "u ?is section1 includ+ :e!r1 to :om1 or 9 :at am\nt to make aw>ds1 %all be 9 ! discretion ( ! ,bureau4 ,any su* det]m9ation1 except ! det]m9ation ( ! am\nt ( an aw>d if ! aw>d 0 made 9 accordance ) subsection 7b71 may be appeal$ to ! appropriate c\rt ( appeals ( ! ,unit$ ,/ates n m ?an #cj days aft] ! det]m9ation is issu$ by ! ,bureau4 ,! c\rt %all review ! det]m9ation made by ! ,bureau 9 accordance ) section #gjf ( title #e1 ,unit$ ,/ates ,code4 7g7 ,reports to ,congress ,n lat] ?an ,octob] #cj ( ea* ye>1 ! ,bureau %all transmit to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate a report on ! ,bureau's :i/lebl[] aw>d program "u ?is section1 includ+ a description ( ! numb] ( aw>ds grant$ & ! types ( cases 9 :i* aw>ds 7 grant$ dur+ ! prec$+ fiscal ye>4 7h7 ,protection ( :i/lebl[]s 7#a7 ,confid5tiality 7,a7 ,9 g5]al ,except z provid$ 9 subp>agraphs 7,b7 & 7,c71 ! ,bureau & any (fic] or employee ( ! ,bureau1 may n disclose any in=mation1 includ+ in=mation provid$ by a :i/lebl[] to ! ,bureau1 :i* c\ld reasonably be expect$ to reveal ! id5tity ( a :i/lebl[]1 except 9 accordance ) ! provisions ( section #eeb;a ( title #e1 ,unit$ ,/ates ,code1 unless & until requir$ to be disclos$ to a def5dant or respond5t 9 connection ) a public proce$+ in/itut$ by ! ,bureau or any entity describ$ 9 subp>agraph 7,c74 ,= purposes ( section #eeb ( title #e1 ,unit$ ,/ates ,code1 ?is p>agraph %all be consid]$ a /atute describ$ 9 subsection 7b77#c77;,b7 ( su* section #eeb4 7,b7 ,effect ,no?+ 9 ?is p>agraph is int5d$ to limit ! ability ( ! ,attorney ,g5]al to pres5t su* evid5ce to a gr& jury or to %>e su* evid5ce ) pot5tial witnesses or def5dants 9 ! c\rse ( an ongo+ crim9al inve/igation4 7,c7 ,availability to ,gov]nm5t ag5cies 7i7 ,9 g5]al ,)\t ! loss ( its /atus z confid5tial 9 ! h&s ( ! ,bureau1 all in=mation ref]r$ to 9 subp>agraph 7,a7 may1 9 ! discretion ( ! ,bureau1 :5 det]m9$ by ! ,bureau to be necess>y or appropriate1 be made available to--- 7,i7 ! ,dep>tm5t ( ,ju/ice2 7,,ii7 an appropriate dep>tm5t or ag5cy ( ! ,f$]al ,gov]nm5t1 act+ )9 ! scope ( its jurisdiction2 7,,iii7 a ,/ate attorney g5]al 9 connection ) any crim9al inve/igation2 7,,iv7 an appropriate dep>tm5t or ag5cy ( any ,/ate1 act+ )9 ! scope ( its jurisdiction2 & 7,v7 a =eign regulatory au?ority4 7ii7 ,ma9t5ance ( in=mation ,ea* ( ! entities1 ag5cies1 or p]sons describ$ 9 clause 7i7 %all ma9ta9 in=mation describ$ 9 t clause z confid5tial1 9 accordance ) ! requirem5ts 9 subp>agraph 7,a74 7#b7 ,rights reta9$ ,no?+ 9 ?is section %all be deem$ to dim9i% ! rights1 privileges1 or rem$ies ( any :i/lebl[] "u section #ajeg1 any o!r ,f$]al or ,/ate law1 or "u any collective b>ga9+ agreem5t4 7i7 ,rulemak+ au?ority ,! ,bureau %all h ! au?ority to issue su* rules z may be necess>y or appropriate to implem5t ! provisions ( ?is section4 7j7 ,orig9al in=mation ,in=mation submitt$ to ! ,bureau by a :i/lebl[] 9 accordance ) rules implem5t+ ?is section %all n lose its /atus z orig9al in=mation solely because ! :i/lebl[] submitt$ su* in=mation prior to ! effective date ( su* rules1 provid$ su* in=mation 0 submitt$ aft] ! date ( enactm5t ( ?is section4 4 7b7 ,cl]ical am5dm5t ,! table ( cont5ts "u section #a7;b7 ( ! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act is am5d$ by ins]t+ aft] ! item relat+ to section #ajag ! foll[+3 ,sec4 #ajag;,a4 ,:i/lebl[] inc5tives & protection4 4 #gjc4 ,am5dm5t to ! ,consum] ,f9ancial ,civil ,p5alty ,fund ,subsection 7b77#b7 ( section #ajag ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj 7#ab ,u4,s4,c4 #edig71 z r$esignat$ by section #bjb7c71 is fur!r am5d$ by /rik+ "u ! ,f$]al consum] f9ancial laws4 & ins]t+ "u ! ,f$]al consum] f9ancial laws & = aw>ds au?oriz$ "u section #ajag;,a44 ,decemb] #d1 #bjbc,report$ f ! ,committee on ,f9ancial ,s]vices ) an amendment,december #d1 #bjbc ,committees on ,ov]sight & ,acc\ntability1 ! ,judici>y1 & ,small ,bus9ess dis*>g$2 committ$ to ! ,committee ( ! ,:ole ,h\se on ! ,/ate ( ! ,union & ord]$ to be pr9t$