S.Amdt. 3829Senate111th Congress (2009-2011)2nd degree

S.Amdt. 3829

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]]

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