William Tauzin: “I offer an amendment, the Mineta-Tauzin amendment. Amendment offered by Mr. Tauzin: Page 26, beginning on line 1, strike…”

“I offer an amendment, the Mineta-Tauzin amendment. Amendment offered by Mr. Tauzin: Page 26, beginning on line 1, strike section 37 through page 28, line 2, and insert the following: ``SEC. 37. APPLICATION OF SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS. ``(a) Safe Harbor In General.--In any private action arising under this title based on a fraudulent statement (as defined in section 10A), a person shall not be liable with respect to any forward-looking statement if and to the extent that the statement-- ``(1) contains a projection, estimate, or description of future events; and ``(2) refers clearly (or is understood by the recipient to refer) to-- ``(A) such projections, estimates, or descriptions as forward-looking statements; and ``(B) the risk that such projections, estimates, or descriptions may not be realized. The safe harbor for forward-looking statements established under this subsection shall be in addition to any safe harbor the Commission may establish by rule or regulation. ``(b) Definition of Forward-Looking Statement.--For the purpose of this section, the term `forward-looking statement' shall include (but not be limited to) projections, estimates, and descriptions of future events, whether made orally or in writing, voluntarily or otherwise.”