S.Amdt. 3803Senate111th Congress (2009-2011)2nd degree

S.Amdt. 3803

Submitted May 4, 2010

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Senate amendment submitted

May 4, 2010

Text

Submitted

SA 3803. Mr. MENENDEZ 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 278 line 23, strike ``$50,000,000,000'' and insert
``$150,000,000,000''.
On page 284, between lines 10 and 11, insert the following:
``(15) Limitation on use of fund.--Notwithstanding any
other provision of law, amounts in the Orderly Liquidation
Fund may not be used under any circumstances to `bail out' or
maintain the solvency of any covered institution.''.
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