S.Amdt. 3815

SA 3815. Mr. DORGAN (for himself and Mr. Grassley) 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 1533, line 5, strike ``Section'' and insert the
following:
``(a) In General.--Not later than 60 days after the date of
enactment of this Act, the Board of Governors shall disclose
to Congress and to the public, with respect to any

[[Page S3173]]

emergency financial assistance provided during the 5-year
period preceding the date of enactment of this Act under the
authority of the Board of Governors in the third undesignated
paragraph of section 13 of the Federal Reserve Act (12 U.S.C.
343)--
``(1) the name of each financial company that received such
assistance;
``(2) the value or amount and description of the emergency
assistance provided, including loans to investment banks from
the Federal Reserve discount lending program or special
purpose entities;
``(3) the date on which the financial assistance was
provided;
``(4) the terms and conditions for the emergency
assistance; and
``(5) a full description of any collateral required by the
Board of Governors and secured from the recipients of such
emergency assistance.
``(b) Public Disclosure.--Section''.
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