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TREAS/DO RIN: 1505-AC59 Publication ID: Spring 2019 
Title: Assessment of Fees to Cover the Expenses of the Financial Research Fund 

Treasury intends to issue a Notice of Proposed Rulemaking in order to implement section 401(c)(1)(D) of the Economic Growth, Regulatory Relief, and Consumer Protection Act, Pub. L. 115-174 (the Act), which was signed into law on May 24, 2018.

The Act amends section 155(d) of the Dodd-Frank Act, 12 U.S.C. 5345(d), pursuant to which assessments equal to the total expenses of the Office of Financial Research (OFR).  Included in the OFR’s expenses are the expenses of the Financial Stability Oversight Council and certain expenses of the Federal Deposit Insurance Corporation, as provided under sections 118 and 210, respectively, of the Dodd-Frank Act.  Section 155(d) of the Dodd-Frank Act, as amended by the Act, requires the Secretary of the Treasury to establish, by regulation, and with the approval of the Financial Stability Oversight Council, an assessment schedule applicable to bank holding companies (BHCs) with total consolidated assets of $250,000,000,000 or greater and nonbank financial companies supervised by the Board of Governors of the Federal Reserve System.  In addition, under the Act, any BHC, regardless of asset size, that has been identified as a global systemically important BHC under section 217.402 of title 12, Code of Federal Regulations (G-SIBs), shall be considered a BHC with total consolidated assets equal to or greater than $250,000,000,000 with respect to the application of standards or requirements under section 155(d) of the Dodd-Frank Act.

Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Other 
CFR Citation: 31 CFR 150   
Legal Authority: Pub. L. 115-174   
Legal Deadline:  None
Action Date FR Cite
NPRM  09/00/2019 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
John Zitko
Department of the Treasury
1500 Pennsylvania Avenue NW.,
Washington, DC 20220
Phone:202 927-8372