S.Amdt. 225
What it does: Adds SEC. ___. CREDIT REFORM ACT TREATMENT OF THE PURCHASE OF PRIVATE STOCK, EQUITY, OR CAPITAL at the end of title V
Sen. John Thune (R-SD)What it changes
1 change to S. 493 · shown in the bill's text
Adds SEC. ___. CREDIT REFORM ACT TREATMENT OF THE PURCHASE OF PRIVATE STOCK, EQUITY, OR CAPITAL at the end of title V
Adds a sectionIn S. 493 · Reported to Senate
"(mm) Competitive Selection Procedures for SBIR and STTR Programs.--All funds awarded, appropriated, or otherwise made available in accordance with subsection (f) or (n) must be awarded pursuant to competitive and merit-based selection procedures.".
Inserted: SEC. ___. CREDIT REFORM ACT TREATMENT OF THE PURCHASE OF PRIVATE STOCK, EQUITY, OR CAPITAL.
Inserted: Section 502(5) of the Federal Credit Reform Act of 1990 (2 U.S.C. 661a(5) is amended by inserting at the end the following:
Inserted: "(G) The cost of the purchase of stock, equity, capital, or debt instruments, or the option to purchase any such assets, of a private or publicly-traded company or any enterprise under the conservatorship of the Federal Government shall be determined on a fair value basis according to Financial Accounting Standards No. 157 of the Financial Accounting Standards Board.".
Original wording
At the end of title V, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 225. Mr. THUNE submitted an amendment intended to be proposed by him to the bill S. 493, to reauthorize and improve the SBIR and STTR programs, and for other purposes; which was ordered to lie on the table; as follows:
At the end of title V, insert the following:
SEC. ___. CREDIT REFORM ACT TREATMENT OF THE PURCHASE OF PRIVATE STOCK, EQUITY, OR CAPITAL.
Section 502(5) of the Federal Credit Reform Act of 1990 (2 U.S.C. 661a(5) is amended by inserting at the end the following:
“(G) The cost of the purchase of stock, equity, capital, or debt instruments, or the option to purchase any such assets, of a private or publicly-traded company or any enterprise under the conservatorship of the Federal Government shall be determined on a fair value basis according to Financial Accounting Standards No. 157 of the Financial Accounting Standards Board.”.
Legislative Activity
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Senate amendment submitted
March 15, 2011