S.Amdt. 2109

SA 2109. Mr. MERKLEY (for himself and Mrs. Feinstein) submitted an
amendment intended to be proposed by him 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:

Strike section 203 and insert the following:

SEC. 203. ATTESTATION.

Section 13 of the Bank Holding Company Act of 1956 (12
U.S.C. 1851) is amended by adding at the end the following:
``(i) Attestation.--The requirements to comply with
regulations implementing this section shall be considered to
have been satisfied for a banking entity that does not have,
and is not controlled by a company that has, more than
$10,000,000,000 in total consolidated assets if the chief
executive officer of the banking entity submits to the
appropriate Federal banking agency a signed attestation that
the banking entity, during the examination period covered by
the attestation, has not been and, as of the date on which
the attestation is submitted, is not engaging in covered
activities, other than trading in certain government, agency,
State, and municipal obligations, as such concepts are set
forth in `simplified program for less active banking
entities' of the regulations implementing this section.''.
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