S.Amdt. 2060

SA 2060. Ms. WARREN submitted an amendment intended to be proposed by
her to the bill S. 2155, to promote economic growth, provide tailored
regulatory relief, and enhance consumer protections, and for other
purposes; which was ordered to lie on the table; as follows:

In section 401, add at the end the following:
(g) Prohibition on Stock Buybacks.--
(1) Definitions.--In this subsection--
(A) the terms ``bank holding company'' and ``nonbank
financial company supervised by the Board of Governors'' have
the meanings given the terms in section 102(a) of the
Financial Stability Act of 2010 (12 U.S.C. 5311(a)); and
(B) the term ``covered entity'' means a bank holding
company or a nonbank financial company supervised by the
Board of Governors that is not subject to prudential
standards under section 165 of the Financial Stability Act of
2010 (12 U.S.C. 5365) because of the amendments made by this
section.
(2) Prohibition.--During the 5-year period beginning on the
date of enactment of this Act, no covered entity may buy back
the stock of that covered entity.
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