S.Amdt. 3768

SA 3768. Mr. DURBIN (for himself and Mr. Reed) 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 1206, strike lines 14 through 21 and insert the
following:

Subtitle A--Consumer Financial Protection Agency

SEC. 1011. ESTABLISHMENT OF THE CONSUMER FINANCIAL PROTECTION
AGENCY.

(a) Establishment.--There is established the Consumer
Financial Protection Agency, which shall be an independent
establishment, as defined under section 104 of title 5,
United States Code, and shall regulate the provision of
consumer financial products or services under this title, the
enumerated consumer laws, and the authorities transferred
under subtitles F and H.
On page 1210, strike line 1 and all that follows through
page 1211, line 19.
On page 1235, line 24, strike ``, except that nothing'' and
all that follows through page 1236, line 3, and insert a
period.
On page 1243, strike line 15 and all that follows through
page 1248, line 18.
On page 1456, strike line 6 and all that follows through
page 1457, line 4, and insert the following:

Inspector General Act of 1978 (5 U.S.C. App.) is amended in
section 8G(a)(2), by inserting ``the Consumer Financial
Protection Agency,'' before ``and the United States Postal
Service''.
Strike ``Bureau of Consumer Financial Protection'' each
place that term appears and insert ``Consumer Financial
Protection Agency''.
Strike ``Bureau'' each place that term appears and insert
``Agency''.
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