An amendment numbered 3 printed in House Report 111-71 to exempt from compensation standards any institutions that receive TARP funding or payment agreements entered into before the enactment of this bill.

1. 1

   Change 1: Replaces “has received or receives a direct capital investment under the Troubled Assets Relief Pro…” at the subsection (e)(1) with “receives a direct capital investment under the Troubled Assets Relief Program under this…”

   Replaces

   [struck: has received or receives a direct capital investment under the Troubled Assets Relief Program under this title][inserted: receives a direct capital investment under the Troubled Assets Relief Program under this title after the date of enactment of this subsection]

   Original wording

   (1) strike “has received or receives a direct capital investment under the Troubled Assets Relief Program under this title” and insert “receives a direct capital investment under the Troubled Assets Relief Program under this title after the date of enactment of this subsection”; and

2. 2

   Change 2: Replaces “any existing compensation arrangement” at the subsection (e)(1) with “any compensation arrangement other than a compensation arrangement entered into prior to…”

   Replaces

   [struck: any existing compensation arrangement][inserted: any compensation arrangement other than a compensation arrangement entered into prior to the date of enactment of this subsection]

   Original wording

   (2) strike “any existing compensation arrangement” and insert “any compensation arrangement other than a compensation arrangement entered into prior to the date of enactment of this subsection”.

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

As printed