Page 2 — Public Law 111-203 including PTFA amendments

124 STAT. 1376 PUBLIC LAW 111–203—JULY 21, 2010

Public Law 111–203
111th Congress
An Act

To promote the financial stability of the United States by improving accountability
July 21, 2010 and transparency in the financial system, to end ‘‘too big to fail’’, to protect
[H.R. 4173] the American taxpayer by ending bailouts, to protect consumers from abusive
financial services practices, and for other purposes.

Be it enacted by the Senate and House of Representatives of
Dodd-Frank Wall the United States of America in Congress assembled,
Street Reform
and Consumer SECTION 1. SHORT TITLE; TABLE OF CONTENTS.
Protection Act. (a) SHORT TITLE.—This Act may be cited as the ‘‘Dodd-Frank 12 USC 5301
note. Wall Street Reform and Consumer Protection Act’’.
(b) TABLE OF CONTENTS.—The table of contents for this Act
is as follows:

Sec. 1. Short title; table of contents.
Sec. 2. Definitions.
Sec. 3. Severability.
Sec. 4. Effective date.
Sec. 5. Budgetary effects.
Sec. 6. Antitrust savings clause.

TITLE I—FINANCIAL STABILITY
Sec. 101. Short title.
Sec. 102. Definitions.

Subtitle A—Financial Stability Oversight Council Sec. 111. Financial Stability Oversight Council established. Sec. 112. Council authority. Sec. 113. Authority to require supervision and regulation of certain nonbank finan- cial companies. Sec. 114. Registration of nonbank financial companies supervised by the Board of Governors. Sec. 115. Enhanced supervision and prudential standards for nonbank financial companies supervised by the Board of Governors and certain bank hold- ing companies. Sec. 116. Reports. Sec. 117. Treatment of certain companies that cease to be bank holding companies. Sec. 118. Council funding. Sec. 119. Resolution of supervisory jurisdictional disputes among member agencies. Sec. 120. Additional standards applicable to activities or practices for financial sta- bility purposes. Sec. 121. Mitigation of risks to financial stability. Sec. 122. GAO Audit of Council. Sec. 123. Study of the effects of size and complexity of financial institutions on cap- ital market efficiency and economic growth.

Subtitle B—Office of Financial Research

Sec. 151. Definitions. Sec. 152. Office of Financial Research established.

LAWS Sec.Sec. 153.154. PurposeOrganizationaland dutiesstructure;of the Office.responsibilities of primary programmatic units. Sec. 155. Funding. Sec. 156. Transition oversight.PUBLIC with on anorris VerDate Nov 24 2008 00:54 Jul 29, 2010 Jkt 089139 PO 00203 Frm 00002 Fmt 6580 Sfmt 6582 E:\PUBLAW\PUBL203.111 GPO1 PsN: PUBL203