S.Amdt. 3936

SA 3936. Mrs. GILLIBRAND 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 541, strike line 24 and insert the following:

as a major swap participant.
``(E) Consultation; coordination.--In making a
determination under subparagraph (B), the Commission shall
consult with the members of the Council, and shall seek to
establish standards consistent with standards established by
the Securities and Exchange Commission, in determining
substantial positions for security-based major swap
participants.''.
On page 767, between lines 10 and 11, insert the following:
``(E) Consultation; coordination.--In making a
determination under subparagraph (B), the Commission shall
consult with the members of the Council, and shall seek to
establish standards consistent with standards established by
the Commodity Futures Trading Commission, in determining
substantial positions for major swap participants.
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