S.Amdt. 4120

SA 4120. Mr. ENSIGN submitted an amendment intended to be proposed to
amendment SA 3883 proposed by Ms. Snowe (for herself and Mr. Pryor) 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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