Dan Crenshaw: “Yes, Mr. Chairman, there is an objection. The Acting CHAIR. Objection is heard. The Clerk will read the next paragraph.…”

“Yes, Mr. Chairman, there is an objection. The Acting CHAIR. Objection is heard. The Clerk will read the next paragraph. The Clerk read as follows: Sec. 502. Effective October 1, 2015, notwithstanding section 1017 of Public Law 111-203-- (1) the Board of Governors of the Federal Reserve System shall not transfer amounts specified under such section to the Bureau of Consumer Financial Protection; and (2) there are authorized to be appropriated to the Bureau of Consumer Financial Protection such sums as may be necessary to carry out the authorities of the Bureau under Federal consumer financial law. Amendment Offered by Ms. Waters”