Summary

Deletes a paragraph from federal financial-data law, specifies locations in two existing statutory provisions where new language will be added, limits the Office of Financial Research’s subpoena authority by inserting text into its statute, and adds unspecified confidentiality rules to the Financial Stability Act’s provisions. The bill lays out where changes go in the U.S. Code but does not include the actual new text, dollar amounts, effective dates, or detailed implementation steps. Because the bill supplies placement instructions without the substantive wording, its immediate legal effect is removal of one existing paragraph and a set of blank insertion points; the practical impact depends on the language later inserted or supplied by implementing action or subsequent legislation.

• Removes one paragraph from 31 U.S.C. § 313(e), deleting that existing statutory text.
• Specifies three insertion points in 31 U.S.C. § 313(e)(5) for new language but does not supply the new language.
• Directs insertion of additional text limiting OFR subpoena authority in 12 U.S.C. § 5343(f)(1), without providing the substantive limits.
• Adds unspecified confidentiality provisions to the Financial Stability Act and updates the Dodd–Frank table of contents.
• Does not specify dollar amounts, effective dates, enforcement mechanisms, or implementing regulations.
• Immediate legal effect is largely limited to the repeal of the one paragraph; other effects depend on future text or implementation.
• Could change data access, sharing, or disclosure rules for financial and insurance information depending on the eventual inserted language.
• Creates legal uncertainty because the substantive content that will occupy the new insertion points is not included.
• Could affect oversight, research, and regulatory information flows if confidentiality rules or subpoena limits are later defined.