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Referenced Laws
12 U.S.C. 5341 et seq.
12 U.S.C. 5301 et seq.
12 U.S.C. 5311
12 U.S.C. 5321
12 U.S.C. 5322
12 U.S.C. 5326
12 U.S.C. 5328
12 U.S.C. 1833b(a)
Section 1
1. Abolition of the Office of Financial Research Subtitle B of the Financial Stability Act of 2010 (12 U.S.C. 5341 et seq.) is repealed. The table of contents in section 1(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act is amended by striking the items relating to subtitle B of title I. The Financial Stability Act of 2010 (12 U.S.C. 5301 et seq.) is amended— in section 102 (12 U.S.C. 5311)— in subsection (a)— by striking paragraph (5); by redesignating paragraphs (6) and (7) as paragraphs (5) and (6), respectively; and in paragraph (4), by striking paragraph (6) and inserting paragraph (5); and in subsection (b), by striking subsection (a)(6) and inserting subsection (a)(5); in section 111 (12 U.S.C. 5321)— in subsection (b)(2)— by striking subparagraph (A); and by redesignating subparagraphs (B) through (E) as subparagraphs (A) through (D), respectively; and in subsection (c)(1), by striking subparagraphs (C), (D), and (E) and inserting subparagraphs (B), (C), and (D); in section 112 (12 U.S.C. 5322)— in subsection (a)(2)— in subparagraph (A), by striking direct the Office of Financial Research to; by striking subparagraph (B); and by redesignating subparagraphs (C) through (N) as subparagraphs (B) through (M), respectively; and in subsection (d)— in paragraph (1), by striking the Office of Financial Research, member agencies, and and inserting member agencies and; in paragraph (2), by striking the Office of Financial Research, any member agency, and and inserting any member agency and; in paragraph (3)— by striking , acting through the Office of Financial Research, each place the term appears; and in subparagraph (B), by striking the Office of Financial Research or; and in paragraph (5)(A), by striking , the Office of Financial Research,; in section 116 (12 U.S.C. 5326), by striking , acting through the Office of Financial Research, each place the term appears; and by striking section 118 (12 U.S.C. 5328). Section 1206(a) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 1833b(a)) is amended by striking the Office of Financial Research,. Title 5, United States Code, is amended— in section 3132(a)(1)(D)— by striking the Office of Thrift Supervision,, and inserting the Office of Thrift Supervision,; and by striking , the Bureau of Consumer Financial Protection, and the Office of Financial Research and inserting and the Bureau of Consumer Financial Protection; and in section 5314, by striking Director of the Office of Financial Research.. Section 3502(5) of title 44, United States Code, is amended by striking the Office of Financial Research,.