S.Amdt. 4121

SA 4121. Mr. ENSIGN submitted an amendment intended to be proposed to
amendment SA 3746 proposed by Mr. Whitehouse (for himself, Mr. Merkley,
Mr. Durbin, Mr. Sanders, Mr. Levin, and Mr. Burris) to the amendment SA
3739 proposed by Mr. Reid (for Mr. Dodd (for himself and Mrs. Lincoln))

[[Page S3991]]

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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