S.Amdt. 3979

SA 3979. Mrs. McCaskill 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 1552, beginning on line 16, strike ``the
President'' and all that follows through ``Senate,'' on line
19 and insert the following: ``the Class B directors of the
Federal Reserve Bank of New York shall be designated by the
Board of Governors,''.
On page 1553, line 1, strike ``supervised by the Board''
and insert ``subject to enhanced supervision and prudential
standards under section 115''.
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