S.Amdt. 3951Senate111th Congress (2009-2011)2nd degree
S.Amdt. 3951
Sponsored by
Sen. Robert Menendez (D-NJ)
Submitted May 11, 2010
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Senate amendment submitted
May 11, 2010
Text
Submitted
SA 3951. Mr. MENENDEZ (for himself and Mr. Bayh) 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 ``to 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 615, line 18, strike ``all'' and all that follows through line 21, and insert the following: ``and the registered swap data repositories all information that is determined by the Commission to be necessary for the Commission and each of the swap data repositories to perform their respective responsibilities under this Act''. On page 623, line 12, strike ``In this paragraph'' and insert ``Subject to subparagraph (E), in this paragraph''. On page 624, line 18, strike ``With'' and all that follows through ``subsection (h),'' on line 22, and insert the following: ``The registered swap data repositories or''. On page 625, strike line 2, and insert the following: ``swap trading volumes and positions for both cleared and uncleared trades.''. On page 625, line 3, strike ``With respect'' and insert ``Subject to subparagraph (E), with respect''. On page 625, line 6, strike ``(10)'' and insert ``(9)''. On page 630, line 14, insert ``on an aggregate basis for both cleared and uncleared trades'' after ``swap data''. On page 637, strike line 17 and all that follows through page 638, line 12. On page 810, line 22, after the first period, insert the following: ``(m) Duty of Clearing Agency.--Each clearing agency that clears security-based swaps shall provide to the Commission and the registered security-based swap data repositories all information that is determined by the Commission to be necessary for the Commission and each of the security-based swap data repositories to perform their respective responsibilities under this Act. On page 835, line 7, strike ``In this paragraph'' and insert ``Subject to subparagraph (E), in this paragraph''. On page 836, line 14, strike ``With'' and all that follows through ``section 3C(a),'' on line 18, and insert the following: ``The registered security-based swap data repositories or''. On page 836, strike lines 23 and 24, and insert the following: ``security-based swap trading volumes and positions for both cleared and uncleared trades.''. On page 837, lines 3 and 4, strike ``but are subject to the requirements of section 3C(a)(8)'' and insert ``pursuant to section 3C(a)(9)''. On page 842, line 9, before the semicolon insert ``on an aggregate basis for both cleared and uncleared trades, including compliance and frequency of end user clearing exemption claims by individual and affiliated entities''. On page 883, strike line 7 and all that follows through page 884, line 9. ______