Not later than the end of the 180-day period beginning on the date of the enactment of this Act, and annually thereafter, the Comptroller General of the United States shall conduct a study of financial services regulations, including activities of the Bureau. Such study shall include an analysis of-
Not later than the end of the 30-day period following the completion of a study conducted pursuant to subsection (a), the Comptroller General shall issue a report to the Congress containing a detailed description of all findings and conclusions made by the Comptroller General in carrying out such study, together with such recommendations for legislative or administrative action as the Comptroller General may determine to be appropriate.
12 U.S.C. § 5496b
EDITORIAL NOTES
REFERENCES IN TEXTThe date of the enactment of this Act, referred to in subsec. (a), probably means the date of enactment of Pub. L. 112-10 which enacted this section and was approved Apr. 15, 2011.
- Bureau
- The term "Bureau" means the Bureau of Consumer Financial Protection.
- consumer
- The term "consumer" means an individual or an agent, trustee, or representative acting on behalf of an individual.
- credit
- The term "credit" means the right granted by a person to a consumer to defer payment of a debt, incur debt and defer its payment, or purchase property or services and defer payment for such purchase.