S.Amdt. 3781
What it does: Adds TITLE XII--PROHIBITION ON TAXPAYER FUNDED BAILOUTS at the in the amendment being amended
Sen. Susan M. Collins (R-ME)What it changes
1 change to S. 3217
Adds TITLE XII--PROHIBITION ON TAXPAYER FUNDED BAILOUTS at the in the amendment being amended
Adds a titleInserted: TITLE XII--PROHIBITION ON TAXPAYER FUNDED BAILOUTS
Inserted: SEC. 1301. PROHIBITION ON TAXPAYER FUNDED BAILOUTS.
Inserted: No taxpayer funds shall be provided under this or any other Act to provide pecuniary or monetary assistance to any company for the purpose of minimizing losses or otherwise mitigating the financial distress of such company.
Original wording
At the end of the amendment, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 3781. Ms. COLLINS submitted an amendment intended to be proposed by her 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:
At the end of the amendment, insert the following:
TITLE XII--PROHIBITION ON TAXPAYER FUNDED BAILOUTS
SEC. 1301. PROHIBITION ON TAXPAYER FUNDED BAILOUTS.
No taxpayer funds shall be provided under this or any other Act to provide pecuniary or monetary assistance to any company for the purpose of minimizing losses or otherwise mitigating the financial distress of such company.
Legislative Activity
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Senate amendment submitted
May 3, 2010