IN THE SENATE OF THE UNITED STATES
July 17, 2012
Mr. Johnson of South Dakota (for himself, Mr. Shelby, Mr. Brown of Ohio, Mr. Johanns, Mrs. McCaskill, Mr. Crapo, Mr. Tester, and Mrs. Hagan) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
To address fee disclosure requirements under the Electronic Fund Transfer Act, to amend the Federal Deposit Insurance Act with respect to information provided to the Bureau of Consumer Financial Protection, and for other purposes.
Fee disclosure requirement
Section 904(d)(3)(B) of the Electronic Fund Transfer Act (15 U.S.C. 1693b(d)(3)(B)) is amended—
subparagraph heading, by striking
requirements.— and inserting
by striking clause (i);
(ii) On the
, except that during the period beginning and all that follows
through the end and inserting a period.
FDIA amendments regarding disclosures to the Bureau of Consumer Financial Protection
The Federal Deposit Insurance Act (12 U.S.C. 1811 et seq.) is amended—
in section 11(t)(2)(A) (12 U.S.C. 1821(t)(2)(A)), by inserting after clause (v) the following:
The Bureau of Consumer Financial Protection.
in section 18(x) (12 U.S.C. 1828(x))—
the Bureau of Consumer Financial Protection, before
Federal banking agency each place that term appears; and
such agency each place that term appears and inserting
such Bureau, agency.