Political Quotes

“Mr. President, I ask unanimous consent that reading of the amendment be dispensed with. The PRESIDING OFFICER. Without objection, it is so ordered. The amendment, as modified, is as follows: (Purpose: To maintain the role of the Board of Governors as the supervisor of holding companies and State member banks) On page 299, strike line 3 and all that follows through page 367, line 19, and insert the following: SEC. 312. POWERS AND DUTIES TRANSFERRED. (a) Effective Date.--This section, and the amendments made by this section, shall take effect on the transfer date. (b) Functions of the Office of Thrift Supervision.-- (1) Savings and loan holding company functions transferred.--There are transferred to the Board of Governors all functions of the Office of Thrift Supervision and the Director of the Office of Thrift Supervision (including the authority to issue orders) relating to-- (A) the supervision of-- (i) any savings and loan holding company; and (ii) any subsidiary (other than a depository institution) of a savings and loan holding company; and (B) all rulemaking authority of the Office of Thrift Supervision and the Director of the Office of Thrift Supervision relating to savings and loan holding companies. (2) All other functions transferred.-- (A) Board of governors.--All rulemaking authority of the Office of Thrift Supervision and the Director of the Office of Thrift Supervision under section 11 of the Home Owners' Loan Act (12 U.S.C.…”