Amendment requires the Inspector General of the Board of Governors of the Federal Reserve System/CFPB to submit an annual report to Congress no later than February 1, 2012, and every year thereafter, which identifies (1) all new guidance/regulation/rules prescribed by the Bureau; (2) any Bureau authority which overlaps with other federal agencies/departments; (3) Bureau administrative expenses; and (4) Bureau unobligated balances. Such a report would also be posted online and published using existing funds.

Purpose:

An amendment numbered 10 printed in House Report 112-172 to require the Inspector General of the Board of Governors of the Federal Reserve System/CFPB to submit an annual report to Congress no later than February 1, 2012, and every year thereafter, which identifies (1) all new guidance/regulation/ru es prescribed by the Bureau, (2) any Bureau authority which overlaps with other federal agencies/departments, (3) Bureau administrative expenses, and (4) Bureau unobligated balances. Would require that the report be posted online and published using existing funds.

House Amendment Code:

(A010)

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