S.Amdt. 3964

SA 3964. Mr. HARKIN (for himself and Ms. Cantwell) 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 557, strike lines 4 through 14 and insert the
following:

`swap execution facility' means an electronic trading system
with pre-trade and post-trade transparency in which multiple
participants have the ability to execute or trade swaps by
accepting bids and offers made by other participants that are
open to multiple participants in the system, but which is not
a designated contract market.''; and

Beginning on page 773, strike line 24 and all that follows
through page 774, line 7, and insert the following:

`swap execution facility' means an electronic trading system
with pre-trade and post-trade transparency in which multiple
participants have the ability to execute or trade swaps by
accepting bids and offers made by other participants that are
open to multiple participants in the system, but which is not
a designated contract market.
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