[115th Congress Public Law 61]
[From the U.S. Government Publishing Office]



[[Page 131 STAT. 1158]]

Public Law 115-61
115th Congress

                                 An Act


 
 To amend the Financial Stability Act of 2010 to modify the term of the 
        independent member of the Financial Stability Oversight 
            Council. <<NOTE: 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, <<NOTE: 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.''.

    Approved September 27, 2017.

LEGISLATIVE HISTORY--H.R. 3110:
---------------------------------------------------------------------------

HOUSE REPORTS: No. 115-293 (Comm. on Financial Services).
CONGRESSIONAL RECORD, Vol. 163 (2017):
            Sept. 5, considered and passed House.
            Sept. 19, considered and passed Senate.

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