S.Amdt. 3752

SA 3752. Mrs. MURRAY submitted an amendment intended to be proposed
to amendment SA 3739 proposed by Mr. Reid (for Mr. Dodd (for himself
and Mrs. Lincoln)) to the bill S. 3217, to promote the financial
stability of the United States by improving accountability and
transparency in the financial system, to end ``too big to fail,'' to
protect the American taxpayer by ending bailouts, to protect consumers
from abusive financial services practices, and for other purposes;
which was ordered to lie on the table; as follows:

On page 329, strike line 15 and all that follows through
page 333, line 24, and insert the following:
(a) Funding of Office of the Comptroller of the Currency.--
Chapter 4 of title LXII of the Revised Statutes is amended by
inserting after section 5240 (12 U.S.C. 481, 482) the
following:
``Sec. 5240A.  The Comptroller of the Currency may collect
an assessment, fee, or other charge from any entity described
in section 3(q)(1) of the Federal Deposit Insurance Act (12
U.S.C. 1813(q)(1)), as the Comptroller determines is
necessary or appropriate to carry out the responsibilities of
the Office of the Comptroller of the Currency. The
Comptroller of the Currency also may collect an assessment,
fee, or other charge from any entity, the activities of which
are supervised by the Comptroller of the Currency under
section 6 of the Bank Holding Company Act of 1956, as the
Comptroller determines is necessary or appropriate to carry
out the responsibilities of the Office of the Comptroller of
the Currency in connection with such activities. In
establishing the amount of an assessment, fee, or charge
collected from an entity under this section, the

[[Page S3008]]

Comptroller of the Currency may take into account the nature
and scope of the activities of the entity, the amount and
type of assets that the entity holds, the financial and
managerial condition of the entity, and any other factor, as
the Comptroller of the Currency determines is appropriate.
Funds derived from any assessment, fee, or charge collected
or payment made pursuant to this section may be deposited by
the Comptroller of the Currency in accordance with the
provisions of section 5234. Such funds shall not be construed
to be Government funds or appropriated monies, and shall not
be subject to apportionment for purposes of chapter 15 of
title 31, United States Code, or any other provision of law.
The authority of the Comptroller of the Currency under this
section shall be in addition to the authority under section
5240.
``The Comptroller of the Currency shall have sole authority
to determine the manner in which the obligations of the
Office of the Comptroller of the Currency shall be incurred
and its disbursements and expenses allowed and paid, in
accordance with this section.''.
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