S.Amdt. 3872

SA 3872. Mr. BROWN of Massachusetts (for himself, Mr. Kerry, and Mr.
Gregg) 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 485, line 25, strike ``and'' and all that follows
through ``the term'' on page 486, line 1 and insert the
following:
``(3) the term `insured depository institution' does not
include an insured depository institution--
``(A) the activities of which are limited to providing
trust or fiduciary services; and
``(B) that does not--
``(i) accept insured deposits from persons other than
affiliates;
``(ii) exercise discount or borrowing privileges pursuant
to section 19(b)(7) of the Federal Reserve Act (12 U.S.C.
461(b)(7)); or
``(iii) does not make commercial or consumer loans; and
``(4) the term''.
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