[Congressional Record Volume 164, Number 40 (Wednesday, March 7, 2018)]
[Senate]
[Page S1501]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2144. Mr. CARPER submitted an amendment intended to be proposed by 
him to the bill S. 2155, to promote economic growth, provide tailored 
regulatory relief, and enhance consumer protections, and for other 
purposes; which was ordered to lie on the table; as follows:

       At the appropriate place, insert the following:

     SEC. ___. OFFICE OF FAIR LENDING AND EQUAL OPPORTUNITY OF THE 
                   BUREAU OF CONSUMER FINANCIAL PROTECTION.

       Section 1013 of the Consumer Financial Protection Act of 
     2010 (12 U.S.C. 5493) is amended by striking subsection (c) 
     and inserting the following:
       ``(c) Office of Fair Lending and Equal Opportunity.--
       ``(1) Establishment.--There is established within the 
     Division of Supervision, Enforcement, and Fair Lending of the 
     Bureau the Office of Fair Lending and Equal Opportunity.
       ``(2) Functions.--The Office of Fair Lending and Equal 
     Opportunity shall have such powers and duties as the 
     Associate Director for Supervision, Enforcement, and Fair 
     Lending of the Bureau (referred to in this subsection as the 
     `Associate Director') may delegate to the Office, including--
       ``(A) providing oversight and enforcement of Federal laws 
     intended to ensure the fair, equitable, and nondiscriminatory 
     access to credit for both individuals and communities that 
     are enforced by the Bureau, including the Equal Credit 
     Opportunity Act (15 U.S.C. 1691 et seq.) and the Home 
     Mortgage Disclosure Act of 1975 (12 U.S.C. 2801 et seq.);
       ``(B) coordinating fair lending efforts of the Bureau with 
     other Federal agencies and State regulators, as appropriate, 
     to promote consistent, efficient, and effective enforcement 
     of Federal fair lending laws;
       ``(C) working with private industry, fair lending, civil 
     rights, consumer, and community advocates on the promotion of 
     fair lending compliance and education; and
       ``(D) providing annual reports to Congress on the efforts 
     of the Bureau to fulfill the fair lending mandate of the 
     Bureau.
       ``(3) Administration of office.--There is established the 
     position of Assistant Director of the Bureau for Fair Lending 
     and Equal Opportunity, who shall--
       ``(A) be appointed by the Associate Director; and
       ``(B) carry out such duties as the Associate Director may 
     delegate to the Assistant Director.''.
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