What the document says“Section 1017(a)(2)(A)(iii) of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5497(a)(2)(A)(iii)) is amended by striking "12" and inserting "6.5".”
The section strikes the number 12 and inserts 6.5 in section 1017(a)(2)(A)(iii) of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5497(a)(2)(A)(iii)). That older provision is not indexed here, so this record states the change and stops.
What the document actually says“Section 1017(a)(2)(A)(iii) of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5497(a)(2)(A)(iii)) is amended by striking "12" and inserting "6.5".”
The number 12 is taken out of a 2010 law. The number 6.5 is put in.
That number sits in the cap on the bureau's funding. Cutting it in about half lowers the ceiling. The older law is not indexed here.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.