S.Amdt. 43
What it does: Adds SEC. __. SELF-SETTLED TRUSTS wherever appropriate
Sen. Hillary Rodham Clinton (D-NY)What it changes
1 change to S. 256
Adds SEC. __. SELF-SETTLED TRUSTS wherever appropriate
Adds a sectionInserted: SEC. __. SELF-SETTLED TRUSTS.
Inserted: Section 541(c)(2) of title 11, United States Code, is amended by striking the period at the end and inserting the following:
Inserted: " unless--
Inserted: "(A) the settler of the trust is also a trust beneficiary;
Inserted: "(B) the trust is a domestic self-settled trust; or
Inserted: "(C) the trust is a foreign self-settled trust.".
The amendment doesn't say where this goes; the clerk decides.
Original wording
At the appropriate place, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 43. Mrs. CLINTON (for herself and Mr. Corzine) submitted an amendment intended to be proposed by her to the bill S. 256, to amend title 11 of the United States Code, and for other purposes; which was ordered to lie on the table; as follows:
At the appropriate place, insert the following:
SEC. __. SELF-SETTLED TRUSTS.
Section 541(c)(2) of title 11, United States Code, is amended by striking the period at the end and inserting the following:
“ unless--
“(A) the settler of the trust is also a trust beneficiary;
“(B) the trust is a domestic self-settled trust; or
“(C) the trust is a foreign self-settled trust.”.
Legislative Activity
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Senate amendment submitted
March 3, 2005