S.Amdt. 3829Senate111th Congress (2009-2011)2nd degree
S.Amdt. 3829
Sponsored by
Sen. Lisa Murkowski (R-AK)
Submitted May 5, 2010
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Senate amendment submitted
May 5, 2010
Text
Submitted
SA 3829. 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) Exemptions.--Each insured depository institution or insured credit union with assets of not more than $5,000,000,000, and that has not violated the consumer protection statutes is exempt from the regulations of the Bureau. Supervision and enforcement for such institutions shall remain with the primary prudential regulator for such institutions. [[Page S3228]] ______