S.Amdt. 1938
What it does: Adds SEC. __. FIDUCIARY EXCLUSION wherever appropriate
Sen. Kelly Ayotte (R-NH)What it changes
1 change to H.R. 3606
Adds SEC. __. FIDUCIARY EXCLUSION wherever appropriate
Adds a sectionInserted: SEC. __. FIDUCIARY EXCLUSION.
Inserted: Section 3(21)(A) of the Employee Retirement Income and Security Act of 1974 (29 U.S.C. 1002(21)(A)) is amended by inserting "and except to the extent a person is providing an appraisal or fairness opinion with respect to qualifying employer securities (as defined in section 407(d)(5)) included in an employee stock ownership plan (as defined in section 407(d)(6))," after "subparagraph (B),".
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 1938. Ms. AYOTTE 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. __. FIDUCIARY EXCLUSION.
Section 3(21)(A) of the Employee Retirement Income and Security Act of 1974 (29 U.S.C. 1002(21)(A)) is amended by inserting “and except to the extent a person is providing an appraisal or fairness opinion with respect to qualifying employer securities (as defined in section 407(d)(5)) included in an employee stock ownership plan (as defined in section 407(d)(6)),” after “subparagraph (B),”.
Legislative Activity
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Senate amendment submitted
March 20, 2012