S.Amdt. 4111Senate111th Congress (2009-2011)2nd degree

S.Amdt. 4111

Submitted May 18, 2010

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Senate amendment submitted

May 18, 2010

Text

Submitted

SA 4111. Ms. STABENOW 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 707, line 19, strike the first period and insert
the following:
``(6) Rules, regulations, and orders.--Notwithstanding any
other provision of law, including any authority granted
pursuant to this title or title VII of the Restoring American
Financial Stability Act of 2010, the Commission, the
Securities and Exchange Commission, or the appropriate
Federal banking agencies shall not issue any rule,
regulation, or order that would void, terminate, or require
the renegotiation, modification, or amendment of any contract
or transaction (including any related credit support
arrangement) entered into before the date of enactment of the
Wall Street Transparency and Accountability Act of 2010.
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