[Congressional Record Volume 164, Number 40 (Wednesday, March 7, 2018)]
[Senate]
[Pages S1490-S1491]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2126. Mr. REED 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 V, add the following:

     SEC. 5__. STUDY ON ECONOMIC GROWTH AND CONSUMER PROTECTION.

       (a) Study.--The Comptroller General of the United States 
     shall conduct a study to evaluate the impact of this Act, and 
     the amendments made by this Act, on economic growth and 
     consumer protection, including whether--
       (1) any additional revenues generated by financial 
     institutions as a result of this Act, or the amendments made 
     by this Act, directly led to any changes in the wages of the

[[Page S1491]]

     employees of those financial institutions who are not in 
     managerial roles;
       (2) any revenues described in paragraph (1) with respect to 
     a financial institution described in that paragraph were 
     used--
       (A) to buy back the securities of that financial 
     institution; or
       (B) to provide higher rates of interest for consumers with 
     respect to savings accounts or money market accounts;
       (3) any positions of employment at any financial 
     institution affected by this Act, or the amendments made by 
     this Act, were moved outside of the United States after the 
     date of enactment of this Act;
       (4) a buy back of securities described in subparagraph (A) 
     of paragraph (2) with respect to a financial institution 
     described in that paragraph had a direct impact on the 
     compensation paid to the top 5 highest paid senior executives 
     of that financial institution;
       (5) this Act, or the amendments made by this Act, has had 
     any material impact on, on a State-by-State basis, the rates 
     of--
       (A) the delinquency of residential mortgages; and
       (B) foreclosures; and
       (6) during the 3-year period beginning on the date of 
     enactment of this Act, any settlements or enforcement actions 
     with respect to a financial institution affected by this Act, 
     or the amendments made by this Act, could have been avoided 
     if this Act, and the amendments made by this Act, had not 
     been enacted, including the costs to investors and consumers 
     of those settlements or enforcement actions.
       (b) Report.--Not later than 4 years after the date of 
     enactment of this Act, the Comptroller General of the United 
     States shall submit to the Committee on Banking, Housing, and 
     Urban Affairs of the Senate and the Committee on Financial 
     Services of the House of Representatives a report that 
     includes the findings and conclusions of the Comptroller 
     General with respect to the study required under subsection 
     (a).
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