S.Amdt. 3828

SA 3828. Ms. MURKOWSKI 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 1270, after line 21, insert the following:
(f) Scope of Authority.--No regulation promulgated under
the rulemaking authority of the Bureau under this title shall
be enforceable with respect to an entity that has not
violated a consumer protection statute and is--
(1) an insured depository institution with assets of not
more than $5,000,000,000;
(2) an insured credit union with assets of not more than
$5,000,000,000; or
(3) a nonfinancial institution,

until such time as the Bureau certifies that the regulation
will not result in an unfunded mandate, increase costs for
consumers, or reduce the availability of credit and credit
products.
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