Public Law 115–61: To amend the Financial Stability Act of 2010 to modify the term of the independent member of the Financial Stability Oversight Council.Public Law61Public Law 115–61131 Stat. 11582017-09-272017-09-27United States Government Publishing OfficeNational Archives and Records AdministrationOffice of the Federal Registertext/xmlENPursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.GPO Locator to USLM Converter 4.15.31;Stage2.202507022026-01-02115publicPUBLIC LAW 115–61—SEPT. 27, 2017131 STAT. 1158Public Law115–61115th CongressAn ActTo amend the Financial Stability Act of 2010 to modify the term of the independent member of the Financial Stability Oversight Council.
Sept. 27, 2017
[H.R. 3110]
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
Financial Stability Oversight Council Insurance Member Continuity Act.
12 USC 5301 note.
SECTION 1. SHORT TITLE. This Act may be cited as the “Financial Stability Oversight Council Insurance Member Continuity Act”.SEC. 2. FINANCIAL STABILITY OVERSIGHT COUNCIL. Section 111(c) of the Financial Stability Act of 2010 (12 U.S.C. 5321(c)) is amended by adding at the end the following:“(4) Term of independent member.—Notwithstanding paragraph (1), if a successor to the independent member of the Council serving under subsection (b)(1)(J) is not appointed and confirmed by the end of the term of service of such member, such member may continue to serve until the earlier of—“(A) 18 months after the date on which the term of service ends; or“(B) the date on which a successor to such member is appointed and confirmed.”.ApprovedSeptember 27, 2017.LEGISLATIVE HISTORY—H.R. 3110:HOUSE REPORTS: ┐No. 115–293 (Comm. on Financial Services).
CONGRESSIONAL RECORD, Vol. 163 (2017):