; (ii) by striking subparagraphs (B), (H), (I), and (J); (iii) by redesignating subparagraphs (C), (D), (E), (F), (G), (K), (L), (M), and (N) as subparagraphs (B), (C), (D), (E), (F), (G), (H), (I), and (J), respectively; (iv) in subparagraph (J), as so redesignated— (I) in clause (iii), by adding and at the end; (II) by striking clauses (iv) and (v); and (III) by redesignating clause (vi) as clause (iv); and (B) in subsection (d)— (i) in paragraph (1), by striking the Office of Financial Research, member agencies, and the Federal Insurance Office and inserting member agencies ; (ii) in paragraph (2), by striking the Office of Financial Research, any member agency, and the Federal Insurance Office, and inserting member agencies ; (iii) in paragraph (3)— (I) by striking , acting through the Office of Financial Research, each place it appears; and (II) in subparagraph (B), by striking the Office of Financial Research or ; and (iv) in paragraph (5)(A), by striking , the Office of Financial Research, ; (4) by amending section 118 to read as follows: 118. Council funding There is authorized to be appropriated to the Council $4,000,000 for fiscal year 2017 and each fiscal year thereafter to carry out the duties of the Council. ; (5) in section 163— (A) by striking subsection (a); (B) by redesignating subsection (b) as subsection (a); and (C) in subsection (a), as so redesignated— (i) by striking or a nonbank financial company supervised by the Board of Governors each place such term appears; (ii) in paragraph (4), by striking In addition and inserting the following: (A) In general In addition ; and (iii) by adding at the end the following: (B) Exception for qualifying banking organization Subparagraph (A) shall not apply to a proposed acquisition by a qualifying banking organization, as defined under section 605 of the Financial CHOICE Act of 2017. ; and (6) in section 165— (A) by striking nonbank financial companies supervised by the Board of Governors and each place such term appears