S.Amdt. 3605
What it does: Adds SEC. __. FIDUCIARY EXCLUSION wherever appropriate
Sen. Kelly Ayotte (R-NH)What it changes
1 change to S. 2569
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 3605. Ms. AYOTTE submitted an amendment intended to be proposed by her to the bill S. 2569, to provide an incentive for businesses to bring jobs back to America; 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),”.
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Senate amendment submitted
July 23, 2014