[Congressional Record Volume 164, Number 39 (Tuesday, March 6, 2018)]
[Senate]
[Page S1384]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  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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