S.Amdt. 4079

SA 4079. Mr. REED 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 71, strike lines 15 through 23 and insert the
following:
(1) In general.--
(A) Authority.--To assist the Office in assessing financial
stability or otherwise carrying out the functions described
in this subtitle, the Director may require, by subpoena, the
production of the data requested under subsection (a)(1) and
section 154(b)(1), upon a written finding by the Director
that--
(i) such data is required to carry out the functions
described under this subtitle;
(ii) attempts to obtain such data without the use of a
subpoena have been unsuccessful; and
(iii) the Office has coordinated with such agency, as
required under section 154(b)(1)(B)(ii).
(B) Considerations.--The Director shall take into
consideration the burden imposed by the request of the
Director under subparagraph (A).
______