S.Amdt. 3893

SA 3893. Mr. CORNYN 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 1304, line 11, strike ``person--'' and insert
``covered person--''.
On page 1305, line 2, strike ``practice,'' and insert
``practice that violates this title or applicable rules or
orders issued by the Bureau,''.
On page 1310, between lines 16 and 17, insert the
following:
(3) Fee structure.--
(A) In general.--Neither an attorney general of a State nor
a State regulator may enter into a contingency fee agreement
for legal services relating to a civil action or other
proceeding under this section.
(B) Definition.--For purposes of this paragraph, the term
``contingency fee agreement'' means a contract or other
agreement to provide services under which the amount or the
payment of the fee for the services is contingent in whole or
in part on the outcome of the matter for which the services
were obtained.
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