§2806. Research and improved methods; authorization of appropriations; recommendations to Congressional committees

(a)(1) The Director of the Office of Thrift Supervision, with the assistance of the Secretary, the Director of the Bureau of the Census, the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and such other persons as the Director of the Office of Thrift Supervision deems appropriate, shall develop, or assist in the improvement of, methods of matching addresses and census tracts to facilitate compliance by depository institutions in as economical a manner as possible with the requirements of this chapter.

(2) There is authorized to be appropriated such sums as may be necessary to carry out this subsection.

(3) The Director of the Office of Thrift Supervision is authorized to utilize, contract with, act through, or compensate any person or agency in order to carry out this subsection.

(b) The Director of the Office of Thrift Supervision shall recommend to the Committee on Banking, Finance and Urban Affairs of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate such additional legislation as the Director of the Office of Thrift Supervision deems appropriate to carry out the purpose of this chapter.

( Pub. L. 94–200, title III, §307, Dec. 31, 1975, 89 Stat. 1127 ; Pub. L. 100–628, title X, §1087(c), Nov. 7, 1988, 102 Stat. 3280 ; Pub. L. 101–73, title VII, §744(p)(3), Aug. 9, 1989, 103 Stat. 440 .)

Repeal of Section and Enactment of New Section

Pub. L. 111–203, title X, §§1094(6), 1100H, July 21, 2010, 124 Stat. 2101 , 2113, provided that, effective on the designated transfer date, this section is repealed and a new section is enacted to read as follows:

"§2806. Compliance improvement methods

"(a) In general

"(1) Consultation required

"The Director of the Bureau of Consumer Financial Protection, with the assistance of the Secretary, the Director of the Bureau of the Census, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and such other persons as the Bureau deems appropriate, shall develop or assist in the improvement of, methods of matching addresses and census tracts to facilitate compliance by depository institutions in as economical a manner as possible with the requirements of this chapter.

"(2) Authorization of appropriations

"There are authorized to be appropriated, such sums as may be necessary to carry out this subsection.

"(3) Contracting authority

"The Director of the Bureau of Consumer Financial Protection is authorized to utilize, contract with, act through, or compensate any person or agency in order to carry out this subsection.

"(b) Recommendations to Congress

"The Director of the Bureau of Consumer Financial Protection shall recommend to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives, such additional legislation as the Director of the Bureau of Consumer Financial Protection deems appropriate to carry out the purpose of this chapter."

See Effective Date of Repeal and Enactment of Section note below.

Amendments

1989-Subsecs. (a)(1), (3), (b). Pub. L. 101–73 substituted "Director of the Office of Thrift Supervision" for "Federal Home Loan Bank Board" wherever appearing.

1988-Subsec. (b). Pub. L. 100–628 substituted "Committee on Banking, Finance and Urban Affairs of the House of Representatives" for "Committee on Banking, Currency and Housing of the House of Representatives" and inserted a comma after Housing in the phrase "Committee on Banking, Housing, and Urban Affairs of the Senate".

Change of Name

Committee on Banking, Finance and Urban Affairs of House of Representatives treated as referring to Committee on Banking and Financial Services of House of Representatives by section 1(a) of Pub. L. 104–14, set out as a note preceding section 21 of Title 2, The Congress. Committee on Banking and Financial Services of House of Representatives abolished and replaced by Committee on Financial Services of House of Representatives, and jurisdiction over matters relating to securities and exchanges and insurance generally transferred from Committee on Energy and Commerce of House of Representatives by House Resolution No. 5, One Hundred Seventh Congress, Jan. 3, 2001.

Effective Date of Repeal and Enactment of Section

Repeal and enactment of section effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as an Effective Date of 2010 Amendment note under section 552a of Title 5, Government Organization and Employees.