[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1667 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 1667

  To postpone the date for the transfer of functions to the Bureau of 
    Consumer Financial Protection if the Bureau does not yet have a 
                           Director in place.


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                    IN THE HOUSE OF REPRESENTATIVES

                              May 2, 2011

   Mrs. Capito (for herself, Mr. Royce, Mr. Canseco, Mr. Huizenga of 
Michigan, Mr. Neugebauer, Mr. Gary G. Miller of California, Mr. Bachus, 
 Mr. Hensarling, Mrs. Biggert, Mr. Garrett, Mr. Schweikert, Mr. Posey, 
 Mr. Stivers, Mr. Campbell, and Mr. Renacci) introduced the following 
    bill; which was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
  To postpone the date for the transfer of functions to the Bureau of 
    Consumer Financial Protection if the Bureau does not yet have a 
                           Director in place.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Bureau of Consumer Financial 
Protection Transfer Clarification Act''.

SEC. 2. DIRECTOR REQUIRED BEFORE TRANSFER.

    Section 1062 of the Dodd-Frank Wall Street Reform and Consumer 
Protection Act is amended by adding at the end the following new 
subsection:
    ``(d) Director Required Before Transfer.--Notwithstanding the other 
provisions of this section, the single calendar date for the transfer 
of functions to the Bureau under section 1061 shall be the later of--
            ``(1) the date that would have been designated, but for the 
        application of this subsection; and
            ``(2) the date on which the Director of the Bureau is 
        confirmed by the Senate pursuant to section 1011(b).''.
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