S.Amdt. 4463
What it does: Replaces “conform with those customarily used by secondary market purchasers of residential mortgag…” with “improve the overall default risk evaluation currently used by secondary market purchasers…”
Sen. Sam Brownback (R-KS)What it changes
1 change to H.R. 3221
We couldn't match these changes to the text of H.R. 3221, so they're shown as written.
Replaces “conform with those customarily used by secondary market purchasers of residential mortgag…” with “improve the overall default risk evaluation currently used by secondary market purchasers…”
[struck: conform with those customarily used by secondary market purchasers of residential mortgage loans][inserted: improve the overall default risk evaluation currently used by secondary market purchasers of residential mortgage loans. Particular attention shall be given to the development and utilization of processes and technologies that provide a means to standardize the measurement of risk to the Fund as well as to the consumer]Original wording
On page 27, beginning on line 20, strike “conform with those customarily used by secondary market purchasers of residential mortgage loans” and insert the following: “improve the overall default risk evaluation currently used by secondary market purchasers of residential mortgage loans. Particular attention shall be given to the development and utilization of processes and technologies that provide a means to standardize the measurement of risk to the Fund as well as to the consumer”.
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As printed
SA 4463. Mr. BROWNBACK submitted an amendment intended to be proposed by him to the bill H.R. 3221, moving the United States toward greater energy independence and security, developing innovative new technologies, reducing carbon emissions, creating green jobs, protecting consumers, increasing clean renewable energy production, and modernizing our energy infrastructure, and to amend the Internal Revenue Code of 1986 to provide tax incentives for the production of renewable energy and energy conservation; which was ordered to lie on the table; as follows:
On page 27, beginning on line 20, strike “conform with those customarily used by secondary market purchasers of residential mortgage loans” and insert the following: “improve the overall default risk evaluation currently used by secondary market purchasers of residential mortgage loans. Particular attention shall be given to the development and utilization of processes and technologies that provide a means to standardize the measurement of risk to the Fund as well as to the consumer”.
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Senate amendment submitted
April 7, 2008