S.Amdt. 3330
What it does: Adds SEC. __. LIMITATION ON RULES REGARDING CREDIT RISK RETENTION at the end of the bill
Sen. Kay R. Hagan (D-NC)What it changes
1 change to S. 3637 · shown in the bill's text
Adds SEC. __. LIMITATION ON RULES REGARDING CREDIT RISK RETENTION at the end of the bill
Adds a sectionIn S. 3637 · Placed on Calendar Senate
(2) collecting an amount equal to such estimated losses by September 30 of such calendar year, which shall be in addition to the assessments that would otherwise be collected by the Administration with respect to such year for insured credit unions (as defined in section 101 of that Act (12 U.S.C. 1752)) pursuant to section 202 of that Act (12 U.S.C. 1782).
Inserted: SEC. __. LIMITATION ON RULES REGARDING CREDIT RISK RETENTION.
Inserted: Rules jointly issued in final form under section 15G(b) of the Securities Exchange Act of 1934 (15 U.S.C. 78o-11(b)) may not include a premium capture cash reserve account (or any similar instrument).
Original wording
At the end, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 3330. Mrs. HAGAN (for herself and Mr. Crapo) submitted an amendment intended to be proposed by her to the bill S. 3637, to temporarily extend the transaction account guarantee program, and for other purposes; which was ordered to lie on the table; as follows:
At the end, add the following:
SEC. __. LIMITATION ON RULES REGARDING CREDIT RISK RETENTION.
Rules jointly issued in final form under section 15G(b) of the Securities Exchange Act of 1934 (15 U.S.C. 78o-11(b)) may not include a premium capture cash reserve account (or any similar instrument).
Legislative Activity
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Senate amendment submitted
December 12, 2012