Political Quotes

On the recordDecember 21, 2012
I ask unanimous consent that the Vitter- Brown of Ohio amendment, which is at the desk, be agreed to, and the bill, as amended, be read a third time and passed, the motion to reconsider be laid upon the table, and all statements relating to the bill be printed in the Record. The PRESIDING OFFICER. Without objection, it is so ordered. The amendment (No. 3434) was agreed to, as follows: (Purpose: In the nature of a substitute) Strike all after the enacting clause and insert the following: SECTION 1. GOVERNMENT ACCOUNTABILITY OFFICE STUDY OF TRANSACTIONS BETWEEN LARGE FINANCIAL COMPANIES AND THE FEDERAL GOVERNMENT. (a) Definitions.--For purposes of this Act-- (1) the term ``covered institution'' means any bank holding company having more than $500,000,000,000 in consolidated assets; and (2) the term ``economic benefit'' means the difference between actual loans terms offered, debt or equity prices, or asset values and a reasonable estimate of what such terms, prices, or values might have been, as determined by examining actual values of comparable transaction in the private markets or by estimating the values of comparable transactions priced to properly reflect associated risk.…
Said by
Harry Reid
Democratic · Nevada
Source
govinfo.gov
Dec 21, 2012

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