[Congressional Record Volume 164, Number 39 (Tuesday, March 6, 2018)]
[Senate]
[Page S1386]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 2064. Ms. WARREN (for herself and Mr. Durbin) 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) 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 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; and
(ii)(I) that is subject to a consent decree or a deferred
prosecution agreement; or
(II) with respect to which a monitor has been appointed
pursuant to a settlement with the Federal Government or a
State agency.
(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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