[Congressional Record Volume 144, Number 61 (Thursday, May 14, 1998)]
[Senate]
[Page S4923]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




SECURITIES LITIGATION UNIFORM STANDARDS ACT OF 1998--AMENDMENT NO. 2397

 Mr. DODD. Is it the intention of the sponsor of amendment No. 
2397 to the Securities Litigation Uniform Standards Act that it should 
apply solely to States, their political subdivisions, and their pension 
plans?
  Mr. SARBANES. Yes.
  Mr. DODD. And is it the Senator's intention that the amendment not be 
used by plaintiff's lawyers to piggy-back class action suits onto suits 
brought by the entities mentioned in the amendment?
  Mr. SARBANES. That is correct.




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