S.Amdt. 3766Senate111th Congress (2009-2011)2nd degree
S.Amdt. 3766
Sponsored by
Sen. Richard J. Durbin (D-IL)
Submitted May 3, 2010
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Senate amendment submitted
May 3, 2010
Text
Submitted
SA 3766. Mr. DURBIN 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 1258, line 8, strike ``or''. On page 1258, line 11, strike the period and insert ``; or''. On page 1258, between lines 11 and 12, insert the following: (C) an insured depository institution or an insured credit union with total assets of more than $1,000,000,000 and less than $10,000,000,000, and any affiliate thereof-- (i) which depository institution, credit union, or affiliate, considered singly or collectively, extends, services, or acquires a substantial amount of credit that is extended to a consumer expressly, in whole or in part, for postsecondary educational expenses, regardless of whether such credit is provided by the educational institution that the student attends; and (ii) only with respect to such activities relating to the credit described in clause (i). ______