[United States Statutes at Large, Volume 131, 115th Congress, 1st Session]
[From the U.S. Government Publishing Office, www.gpo.gov]


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. <>

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 ``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:
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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.