S.Amdt. 3951Senate111th Congress (2009-2011)2nd degree

S.Amdt. 3951

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.
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