S.Amdt. 1842
What it does: Adds TITLE VII--LIQUIDITY PROTECTION FOR PRIVATE COMPANIES at the end of the bill
Sen. Bob Corker (R-TN)What it changes
1 change to H.R. 3606 · shown in the bill's text
Adds TITLE VII--LIQUIDITY PROTECTION FOR PRIVATE COMPANIES at the end of the bill
Adds a titleIn H.R. 3606 · Placed on Calendar Senate
Passed the House of Representatives March 8, 2012.
Inserted: TITLE VII--LIQUIDITY PROTECTION FOR PRIVATE COMPANIES
Inserted: SEC. 801. SHORT TITLE.
Inserted: This title may be cited as the "Liquidity Protection for Private Companies Act of 2012".
Inserted: SEC. 802. CLARIFICATION OF PERMITTED ACTIVITIES FOR MARKET-MAKERS.
Inserted: Section 13 of the Bank Holding Company Act of 1956 (12 U.S.C. 1851) is amended--
Inserted: (1) by redesignating subsections (g) and (h) as subsections (h) and (i), respectively; and
Inserted: (2) by inserting after subsection (f) the following:
Inserted: "(g) Protection of Liquidity.--Rules issued under this section shall not impede the ability of a regulated firm to provide reasonable liquidity to its clients, customers, or counterparties. Any such rules proposed or promulgated prior to the date of enactment of the Liquidity Protection for Private Companies Act of 2012 shall have no force or effect.".
Inserted: SEC. 803. ELIMINATION OF PREFERENTIAL TREATMENT OF U. S. TREASURIES AND MORTGAGE BACKED SECURITIES.
Inserted: (a) In General.--Section 13(d)(1) of the Bank Holding Company Act of 1956 (12 U.S.C. 1851(d)(1)) is amended--
Inserted: (1) by striking subparagraph (A); and
Inserted: (2) by redesignating subparagraphs (B) through (J) as subparagraphs (A) through (I), respectively.
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Inserted: (b) Technical and Conforming Amendments.--Section 13 of the Bank Holding Company Act of 1956 (12 U.S.C. 1851) is amended--
Inserted: (1) in subsection (c)(4), by striking "subsection (d)(1)(G)" and inserting "subsection (d)(1)(F)"; and
Inserted: (2) in subsection (f)--
Inserted: (A) by striking "paragraph (d)(1)(G)" each place that term appears and inserting "subsection (d)(1)(F)"; and
Inserted: (B) in paragraph (3)(A)--
Inserted: (i) in clause (i), by striking "subsection (d)(1)(G)" and inserting "subsection (d)(1)(F)"; and
Inserted: (ii) in clause (ii), by striking "subsection (d)(1)(G)(v)" and inserting "subsection (d)(1)(F)(v)".
Original wording
At the end, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 1842. Mr. CORKER submitted an amendment intended to be proposed by him to the bill H.R. 3606, to increase American job creation and economic growth by improving access to the public capital markets for emerging growth companies; which was ordered to lie on the table; as follows:
At the end, add the following:
TITLE VII--LIQUIDITY PROTECTION FOR PRIVATE COMPANIES
SEC. 801. SHORT TITLE.
This title may be cited as the “Liquidity Protection for Private Companies Act of 2012”.
SEC. 802. CLARIFICATION OF PERMITTED ACTIVITIES FOR MARKET-MAKERS.
Section 13 of the Bank Holding Company Act of 1956 (12 U.S.C. 1851) is amended--
(1) by redesignating subsections (g) and (h) as subsections (h) and (i), respectively; and
(2) by inserting after subsection (f) the following:
“(g) Protection of Liquidity.--Rules issued under this section shall not impede the ability of a regulated firm to provide reasonable liquidity to its clients, customers, or counterparties. Any such rules proposed or promulgated prior to the date of enactment of the Liquidity Protection for Private Companies Act of 2012 shall have no force or effect.”.
SEC. 803. ELIMINATION OF PREFERENTIAL TREATMENT OF U. S. TREASURIES AND MORTGAGE BACKED SECURITIES.
(a) In General.--Section 13(d)(1) of the Bank Holding Company Act of 1956 (12 U.S.C. 1851(d)(1)) is amended--
(1) by striking subparagraph (A); and
(2) by redesignating subparagraphs (B) through (J) as subparagraphs (A) through (I), respectively.
(b) Technical and Conforming Amendments.--Section 13 of the Bank Holding Company Act of 1956 (12 U.S.C. 1851) is amended--
(1) in subsection (c)(4), by striking “subsection (d)(1)(G)” and inserting “subsection (d)(1)(F)”; and
(2) in subsection (f)--
(A) by striking “paragraph (d)(1)(G)” each place that term appears and inserting “subsection (d)(1)(F)”; and
(B) in paragraph (3)(A)--
(i) in clause (i), by striking “subsection (d)(1)(G)” and inserting “subsection (d)(1)(F)”; and
(ii) in clause (ii), by striking “subsection (d)(1)(G)(v)” and inserting “subsection (d)(1)(F)(v)”.
Legislative Activity
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Senate amendment submitted
March 15, 2012