Page:United States Statutes at Large Volume 124.djvu/1981

 124 STAT. 1955 PUBLIC LAW 111–203—JULY 21, 2010 (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 date on which the Commission obligates amounts under this 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- section shall take effect on October 1, 2011. TITLE X—BUREAU OF CONSUMER FINANCIAL PROTECTION SEC. 1001. SHORT TITLE. This title may be cited as the ‘‘Consumer Financial Protection Act of 2010’’. SEC. 1002. DEFINITIONS. 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 as, or are, officers, directors, agents, or employees of insurers or who are other persons authorized to act on behalf of such persons. 12 USC 5481. 12 USC 5301 note. Consumer Financial Protection Act of 2010. 15 USC 78d note. Deadline. Notification.