S.Amdt. 4119

SA 4119. Mr. ENSIGN submitted an amendment intended to be proposed to
amendment SA 3789 proposed by Mr. Brownback (for himself, Mr. Bond, and
Mr. Inhofe) to the 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 1032, strike lines 7 through 11 and insert the
following:
(7) Credit.-- The term ``credit'' means--
(A) the right granted by a person to a consumer to defer
payment of a debt, incur debt and defer its payment, or
purchase property or services and defer payment for such
purchase; and
(B) such right is subject to a finance charge.
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