Amendment provides that no Member of the Financial Stability Oversight Council may participate in a vote to issue a stay of, or set aside, a regulation issued by the Bureau of Consumer Financial Protection if said regulation would affect an institution for which that individual was employed in the preceding 2 years.

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Amendment Number
688
Description
Amendment provides that no Member of the Financial Stability Oversight Council may participate in a vote to issue a stay of, or set aside, a regulation issued by the Bureau of Consumer Financial Protection if said regulation would affect an institution for which that individual was employed in the preceding 2 years.
Purpose
An amendment numbered 3 printed in House Report 112-172 to eliminate potential conflicts of interest by providing that no Member of the Financial Stability Oversight Council may participate in a vote to issue a stay of, or set aside, a regulation issued by the Bureau of Consumer Financial Protection if said regulation would affect an institution for which that individual was employed in the preceding 2 years.
Congress
112
Type
HAMDT
Latest Action Date
Jul 21, 2011
Latest Action Text
On agreeing to the DeFazio amendment (A003) Agreed to by voice vote.
Latest Action Time
17:46:10
Submitted Date
Jul 21, 2011
Chamber
House of Representatives
Update Date
Feb 3, 2022
Amendment 688 — Informed