S.Amdt. 3763

SA 3763. Mr. PRYOR 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 1013, line 18, strike ``and'' and all that follows
through line 20 and insert the following:
``(ii) a description of any internal review of rating
procedures and methodologies conducted by the nationally
recognized statistical rating organization;
``(iii) an evaluation of how well the nationally recognized
statistical rating organization adheres to the rating
procedures and methodologies of the nationally recognized
statistical rating organization;
``(iv) a narrative response agreeing or disagreeing with
the results of the most recent annual examination of the
nationally recognized statistical rating organization carried
out by the Commission under subsection (p)(3); and
``(v) a certification that the report is accurate and
complete.
On page 1016, line 18, strike ``and'' and all that follows
through line 23 and insert the following:
``(viii) the policies of the nationally recognized
statistical rating organization governing the post-employment
activities of former staff of the nationally recognized
statistical rating organization;
``(ix) whether the nationally recognized statistical rating
organization sufficiently discloses the rating procedures and
methodologies of the nationally recognized statistical rating
organization; and
``(x) whether the rating procedures and methodologies of
the nationally recognized statistical rating organization are
sound.
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