S.Amdt. 4027Senate111th Congress (2009-2011)2nd degree
S.Amdt. 4027
Sponsored by
Sen. Claire McCaskill (D-MO)
Submitted May 13, 2010
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Senate amendment submitted
May 13, 2010
Text
Submitted
SA 4027. 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, line 12, strike ``Selection of the president'' and insert ``Class b directors''. On page 1552, beginning on line 16, strike ``the President'' and all that follows through ``years'' 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 1552, line 21, insert ``of new york'' after ``bank''. On page 1553, line 1, strike ``supervised by the Board'' and insert ``subject to enhanced supervision and prudential standards under section 115''. On page 1553, beginning on line 2, strike ``a Federal reserve bank, and no past or'' and insert ``the Federal Reserve Bank of New York, and no''. On page 1553, line 6, strike ``a Federal reserve bank'' and insert ``the Federal Reserve Bank of New York''. ______