S.Amdt. 4104Senate111th Congress (2009-2011)2nd degree

S.Amdt. 4104

Submitted May 18, 2010

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Senate amendment submitted

May 18, 2010

Text

Submitted

SA 4104. Mr. MENENDEZ (for himself, Mr. Bayh, and Mr. Schumer)
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 615, line 18, strike ``all'' and all that follows
through line 21, and insert the following: ``or to the
registered swap data repositories, as the Commission may by
rule prescribe, all information that is determined by the
Commission to be necessary for each to perform their
respective responsibilities under this Act''.
On page 623, line 12, strike ``In this paragraph'' and
insert ``Subject to subparagraph (E), in this paragraph''.
On page 624, line 18, strike ``With'' and all that follows
through ``subsection (h),'' on line 22, and insert the
following: ``The registered swap data repositories and''.
On page 625, strike line 2, and insert the following:
``swap trading volumes and positions for both cleared and
uncleared trades.''.
On page 625, line 3, strike ``With respect'' and insert
``Subject to subparagraph (E), with respect''.
On page 625, line 6, strike ``(10)'' and insert ``(9)''.
On page 630, line 14, insert ``for both cleared and
uncleared trades'' after ``swap data''.
On page 637, strike line 17 and all that follows through
page 638, line 12.
On page 810, line 22, after the first period, insert the
following:
``(m) Duty of Clearing Agency.--Each clearing agency that
clears security-based swaps shall provide to the Commission
or to the registered security-based swap data repositories,
as the Commission may by rule prescribe, all information that
is determined by the Commission to be necessary for each to
perform their respective responsibilities under this Act.
On page 835, line 7, strike ``In this paragraph'' and
insert ``Subject to subparagraph (E), in this paragraph''.
On page 836, line 14, strike ``With'' and all that follows
through ``section 3C(a),'' on line 18, and insert the
following: ``The registered security-based swap data
repositories and''.
On page 836, strike lines 23 and 24, and insert the
following: ``security-based swap trading volumes and
positions for both cleared and uncleared trades.''.
On page 837, lines 3 and 4, strike ``but are subject to the
requirements of section 3C(a)(8)'' and insert ``pursuant to
section 3C(a)(9)''.
On page 842, line 9, before the semicolon insert ``for both
cleared and uncleared trades, including compliance and
frequency of end user clearing exemption claims by individual
and affiliated entities''.
On page 883, strike line 7 and all that follows through
page 884, line 9.
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