S.Amdt. 3984

SA 3984. Mr. CORKER 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 293, line 11, strike ``(r)'' and insert the
following:
(r) Additional Limitation.--Notwithstanding any other
provision of this section, or any other provision of law, the
Corporation, when acting as a receiver under this title, may
not reject or repudiate a real property lease under which a
covered financial company is a lessee unless--

[[Page S3651]]

(1) the lessor consents to such rejection or repudiation;
or
(2) the Corporation agrees to pay damages to the lessee, as
if the lease had been rejected under section 365 of title 11,
United States Code.
(s)
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