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H. Rept. 114-538 1 (2016-05-06)

handle is hein.congrecreports/crptxrnh0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GP 114TH CONGRESS REPORT 2d Session HOUSE OF REPRESENTATIVES 114-538 TAKING ACCOUNT OF BUREAUCRATS' SPENDING ACT OF 2016 MAY 6, 2016.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Mr. HENSARLING, from the Committee on Financial Services, submitted the following REPORT together with MINORITY VIEWS [To accompany H.R. 1486] [Including cost estimate of the Congressional Budget Office] The Committee on Financial Services, to whom was referred the bill (H.R. 1486) to amend the Consumer Financial Protection Act of 2010 to bring the Bureau of Consumer Financial Protection into the regular appropriations process, and for other purposes, having considered the same, report favorably thereon with an amendment and recommend that the bill as amended do pass. The amendment is as follows: Strike all after the enacting clause and insert the following: SECTION 1. SHORT TITLE. This Act may be cited as the Taking Account of Bureaucrats' Spending Act of 2016 or the TABS Act of 2016. SEC. 2. BRINGING THE BUREAU INTO THE REGULAR APPROPRIATIONS PROCESS. Section 1017 of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5497) is amended- (1) in subsection (a)- (A) by amending the heading of such subsection to read as follows: BUDGET, FINANCIAL MANAGEMENT, AND AUDIT.-; (B) by striking paragraphs (1), (2), and (3); (C) by redesignating paragraphs (4) and (5) as paragraphs (1) and (2), re- spectively; and (D) by striking subparagraphs (E) and (F) of paragraph (1), as so redesig- nated; (2) by striking subsections (b) and (c); 59-006

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