[Congressional Record Volume 164, Number 39 (Tuesday, March 6, 2018)]
[Senate]
[Pages S1385-S1386]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2063. Ms. WARREN submitted an amendment intended to be proposed by

[[Page S1386]]

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 would not be 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) on which the Attorney General, or the head of any 
     other Federal agency, has imposed more than $10,000,000 in 
     fines during the 10-year period preceding the date of 
     enactment of this Act.
       (2) Application to certain financial institutions.--This 
     section, and the amendments made by this section, shall not 
     apply with respect to a covered entity.
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