S.Amdt. 2064Senate115th Congress (2017-2019)
S.Amdt. 2064
Sponsored by
Sen. Elizabeth Warren (D-MA)
Submitted March 6, 2018
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Senate amendment submitted
March 6, 2018
Text
Submitted
SA 2064. Ms. WARREN (for herself and Mr. Durbin) 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) Application.-- (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-- (i) 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; and (ii)(I) that is subject to a consent decree or a deferred prosecution agreement; or (II) with respect to which a monitor has been appointed pursuant to a settlement with the Federal Government or a State agency. (2) Application to certain financial institutions.--This section, and the amendments made by this section, shall not apply with respect to a covered entity. ______