; and (B) shall not be collected for any fiscal year except to the extent provided in advance in appropriation Acts. . (b) Conforming amendment Section 5240 ( 12 U.S.C. 481 et seq.) of the Revised Statutes of the United States is amended by striking the fourth undesignated paragraph. (c) Effective Date The amendments made by this section shall apply with respect to expenses paid and fees collected on or after October 1, 2018. 908. Bringing the non-monetary policy related functions of the Board of Governors of the Federal Reserve System into the appropriations process (a) In general The Federal Reserve Act is amended by inserting after section 11B the following: 11C. Appropriations requirement for non-monetary policy related administrative costs (a) Appropriations requirement (1) Recovery of costs of annual appropriation The Board of Governors of the Federal Reserve System and the Federal reserve banks shall collect assessments and other fees, as provided under this Act, that are designed to recover the costs to the Government of the annual appropriation to the Board of Governors of the Federal Reserve System by Congress. The Board of Governors of the Federal Reserve System and the Federal reserve banks may only incur obligations or allow and pay expenses with respect to non-monetary policy related administrative costs pursuant to an appropriations Act. (2) Offsetting collections Assessments and other fees described under paragraph (1) for any fiscal year— (A) shall be deposited and credited as offsetting collections to the account providing appropriations to the Board of Governors of the Federal Reserve System