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PUBLIC LAW 111–203—JULY 21, 2010 124 STAT. 1955

(15 U.S.C. 80a-24(f)) shall be deposited into the Reserve
Fund.
‘‘(B) LIMITATIONS.—For any 1 fiscal year—
‘‘(i) the amount deposited in the Fund may not
exceed $50,000,000; and
‘‘(ii) the balance in the Fund may not exceed
$100,000,000.
‘‘(C) EXCESS FEES.—Any amounts in excess of the
limitations described in subparagraph (B) that the Commis-
sion collects from registration fees under section 6(b) of
the Securities Act of 1933 (15 U.S.C. 77f(b)) or section
24(f) of the Investment Company Act of 1940 (15 U.S.C.
80a-24(f)) shall be deposited in the General Fund of the
Treasury of the United States and shall not be available
for obligation by the Commission.
‘‘(3) USE OF AMOUNTS IN RESERVE FUND.—The Commission
may obligate amounts in the Reserve Fund, not to exceed
a total of $100,000,000 in any 1 fiscal year, as the Commission
determines is necessary to carry out the functions of the
Commission. Any amounts in the reserve fund shall remain
available until expended. Not later than 10 days after the Deadline.
date on which the Commission obligates amounts under this Notification.
paragraph, the Commission shall notify Congress of the date,
amount, and purpose of the obligation.
‘‘(4) RULE OF CONSTRUCTION.—Amounts collected and
deposited in the Reserve Fund shall not be construed to be
Government funds or appropriated monies and shall not be
subject to apportionment for the purpose of chapter 15 of title
31, United States Code, or under any other authority.’’.
(2) EFFECTIVE DATE.—The amendment made by this sub- 15 USC 78d note.
section shall take effect on October 1, 2011.

TITLE X—BUREAU OF CONSUMER Consumer
Financial
FINANCIAL PROTECTION Protection Act of
2010.

SEC. 1001. SHORT TITLE. 12 USC 5301 note. This title may be cited as the ‘‘Consumer Financial Protection Act of 2010’’.

SEC. 1002. DEFINITIONS. 12 USC 5481.
Except as otherwise provided in this title, for purposes of this
title, the following definitions shall apply:
(1) AFFILIATE.—The term ‘‘affiliate’’ means any person that
controls, is controlled by, or is under common control with
another person.
(2) BUREAU.—The term ‘‘Bureau’’ means the Bureau of
Consumer Financial Protection.
(3) BUSINESS OF INSURANCE.—The term ‘‘business of insur-
ance’’ means the writing of insurance or the reinsuring of
risks by an insurer, including all acts necessary to such writing
or reinsuring and the activities relating to the writing of insur-
ance or the reinsuring of risks conducted by persons who act

LAWS as, or are, officers, directors, agents, or employees of insurers or who are other persons authorized to act on behalf of such persons.PUBLIC with on anorris VerDate Nov 24 2008 03:41 Aug 28, 2010 Jkt 089139 PO 00203 Frm 00581 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 GPO1 PsN: PUBL203