S.Amdt. 4063

SA 4063. Mr. WYDEN 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 30, between lines 11 and 12, insert the following:
(3) Additional views.--In the annual report required by
paragraph (2)(M), the Secretary shall provide additional
views, which shall include--
(A) whether the Secretary agrees with the recommendations
of the Council and the views of the Council on the financial
markets and potential emerging threats;
(B) if the Secretary disagrees with any aspect of the
report of the Council, the Secretary's own views, analysis,
and recommendations; and
(C) recommendations regarding whether there should be
changes made to the laws and rules in place at the time at
which the annual report is delivered to Congress to promote
the integrity, efficiency, and stability of the United States
financial markets or a determination from the Secretary that
the laws and rules in place at the time at which the annual
report of the Council is delivered to Congress are optimal to
achieve the integrity, efficiency, and stability of the
United States financial markets.
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