S.Amdt. 2176

SA 2176. Mr. SASSE 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:

At the end of title II, add the following:

SEC. 2__. RULEMAKING AUTHORITY.

Section 1022(b)(3) of the Consumer Financial Protection Act
of 2010 (12 U.S.C. 5512(b)(3)) is amended--
(1) in subparagraph (A), by striking ``may'' and inserting
``shall''; and
(2) in subparagraph (B)--
(A) in the matter preceding clause (i), by striking``, as
appropriate,'';
(B) in clause (ii), by striking ``and'' at the end;
(C) in clause (iii), by striking the period at the end and
inserting ``and''; and
(D) by adding at the end the following:

[[Page S1594]]

``(iv) whether any provision of this title, or any rule
issued under this title, would be unnecessary or unduly
burdensome for the class of covered persons.''.
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