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H.R. 1IntroducedHouseSenatePresidentLawBecame law
Sec. 50004 · H.R. 1

Consumer Financial Civil Penalty Fund

Title V — Committee on Financial Services

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No wording changed between Passed the House and On the Senate calendar.

How the text changed

Passed the House · Sec. 50004

Section 1017(d) of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5497(d)) is amended— (1) in paragraph (2)— (A) in the first sentence, by inserting direct before victims; and (B) by striking the second sentence; and (2) by adding at the end the following: (3) Treatment of excess amounts With respect to a civil penalty described under paragraph (1), if the Bureau makes payments to all of the direct victims of activities for which that civil penalty was imposed, the Bureau shall transfer all amounts that remain in the Civil Penalty Fund with respect to that civil penalty to the general fund of the Treasury..

•HR 1 EHSEC. 50004
On the Senate calendar · Sec. 50004

Section 1017(d) of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5497(d)) is amended— (1) in paragraph (2)— (A) in the first sentence, by inserting direct before victims; and (B) by striking the second sentence; and (2) by adding at the end the following: (3) Treatment of excess amounts With respect to a civil penalty described under paragraph (1), if the Bureau makes payments to all of the direct victims of activities for which that civil penalty was imposed, the Bureau shall transfer all amounts that remain in the Civil Penalty Fund with respect to that civil penalty to the general fund of the Treasury..

•HR 1 PCSSEC. 50004

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