S.Amdt. 3855

SA 3855. Mr. REED 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 1055, after line 22, add the following:
(c) Liability for Sale of Securities.--Section 12 of the
Securities Act of 1933 (15 U.S.C. 77l) is amended--
(1) in subsection (a)(2)--
(A) by inserting after ``subsection (a) thereof'' the
following: ``, and whether or not exempted by the provisions
of section 4''; and
(B) by inserting after ``prospectus'' the following: ``,
other offering document,''; and
(2) in subsection (b), by inserting after ``prospectus''
the following: ``, other offering document,''.
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