S.Amdt. 1845
What it does: Adds SEC. __. REFORM OF PROHIBITION ON SWAP ACTIVITY ASSISTANCE wherever appropriate
Sen. Bob Corker (R-TN)What it changes
1 change to H.R. 3606
Adds SEC. __. REFORM OF PROHIBITION ON SWAP ACTIVITY ASSISTANCE wherever appropriate
Adds a sectionInserted: SEC. __. REFORM OF PROHIBITION ON SWAP ACTIVITY ASSISTANCE.
Inserted: Section 716 of the Dodd Frank Wall Street Reform and Consumer Protection Act (15 U.S.C. 8305) is amended--
Inserted: (1) in subsection (b), by adding at the end the following:
Inserted: "(3) Covered depository institution.--The term 'covered depository institution' means--
Inserted: "(A) an insured depository institution; and
Inserted: "(B) a United States uninsured branch or agency of a foreign bank that has a prudential regulator."; and
Inserted: (2) in subsection (c)--
Inserted: (A) in the subsection heading, by striking "Insured" and inserting "Covered";
Inserted: (B) by striking "an insured" and inserting "a covered";
Inserted: (C) by striking "such insured" and inserting "such covered"; and
Inserted: (D) by striking "or savings and loan holding company" and inserting "savings and loan holding company, or foreign banking organization (as defined in section 211.21(o) of title 12, Code of Federal Regulations (commonly known as 'Regulation K'), or any successor to such regulation)";
Inserted: (3) in subsection (e), by striking "an insured" and inserting "a covered";
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Inserted: (4) in subsection (f)--
Inserted: (A) by striking "an insured" and inserting "a covered"; and
Inserted: (B) by striking "the insured" each place that term appears and inserting "the covered";
Inserted: (5) in subsection (g), by striking "insured" and inserting "covered"; and
Inserted: (6) in subsection (m), by striking "An insured" and inserting "A covered".
The amendment doesn't say where this goes; the clerk decides.
Original wording
At the appropriate place, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 1845. 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 appropriate place, insert the following:
SEC. __. REFORM OF PROHIBITION ON SWAP ACTIVITY ASSISTANCE.
Section 716 of the Dodd Frank Wall Street Reform and Consumer Protection Act (15 U.S.C. 8305) is amended--
(1) in subsection (b), by adding at the end the following:
“(3) Covered depository institution.--The term ‘covered depository institution' means--
“(A) an insured depository institution; and
“(B) a United States uninsured branch or agency of a foreign bank that has a prudential regulator.”; and
(2) in subsection (c)--
(A) in the subsection heading, by striking “Insured” and inserting “Covered”;
(B) by striking “an insured” and inserting “a covered”;
(C) by striking “such insured” and inserting “such covered”; and
(D) by striking “or savings and loan holding company” and inserting “savings and loan holding company, or foreign banking organization (as defined in section 211.21(o) of title 12, Code of Federal Regulations (commonly known as ‘Regulation K'), or any successor to such regulation)”;
(3) in subsection (e), by striking “an insured” and inserting “a covered”;
(4) in subsection (f)--
(A) by striking “an insured” and inserting “a covered”; and
(B) by striking “the insured” each place that term appears and inserting “the covered”;
(5) in subsection (g), by striking “insured” and inserting “covered”; and
(6) in subsection (m), by striking “An insured” and inserting “A covered”.
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Senate amendment submitted
March 15, 2012