There is also authority in the bill, if the FCAC and the financial literacy leader should choose to use it, to actually have assessments against financial institutions so that the rest of the FCAC's activities would be paid for via assessments that the financial institutions would pay. There is an option to also assess financial institutions if the commissioner and the FCAC and the financial literacy leader should determine that it is appropriate.
On October 1st, 2012. See this statement in context.