An amendment numbered 26 printed in House Report 111-370 to allow rating agency firms to deregister as Nationally Recognized Statistical Rating Organizations (NRSRO), provided such NRSRO certifies that it received less than $250 million during its last full fiscal year in compensation for providing credit ratings on securities and money market instruments issued in the U.S.

1. Rewrites paragraph (5)

   ReplacesPage 1041, line 15Printed page

   Removes paragraph (5) of the printed bill. See that page

   Inserted: (5) in subsection (e), by striking paragraph (1) and inserting the following new paragraph (1):

   Inserted: "(1) Voluntary withdrawal.--A nationally recognized statistical rating organization may, upon such terms and conditions as the Commission may establish as necessary in the public interest or for the protection of investors, withdraw from registration by furnishing a written notice of withdrawal to the Commission, provided that such nationally recognized statistical rating organization certifies that it received less than $250,000,000 during its last full fiscal year in net revenue for providing credit ratings on securities and money market instruments issued in the United States.";

   Original wording

   Page 1041, beginning on line 15, strike paragraph (5) and insert the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed