Financial Research Fund

Section 155 of the Financial Stability Act of 2010 (12 U.S.C. 5345) is amended by adding at the end the following: (e) Limitation on assessments and the Financial Research Fund (1) Limitation on assessments Assessments may not be collected under subsection (d) if the assessments would result in— (A) the Financial Research Fund exceeding the average annual budget amount; or (B) the total assessments collected during a single fiscal year exceeding the average annual budget amount. (2) Transfer of excess funds Any amounts in the Financial Research Fund exceeding the average annual budget amount shall be deposited into the general fund of the Treasury. (3) Average annual budget amount defined In this subsection the term average annual budget amount means the annual average, over the 3 most recently completed fiscal years, of the expenses of the Council in carrying out the duties and responsibilities of the Council that were paid by the Office using amounts obtained through assessments under subsection (d)..