July 9, 2009, 12:00 am ET - Amendment SA 1463 proposed by Senator Murray for Senator Lincoln to Amendment SA 1373.
July 9, 2009, 12:00 am ET - Amendment SA 1463 as modified agreed to in Senate by Unanimous Consent.
Full Text of this Amendment
On page 77, between lines 16 and 17 insert the following:
SEC. 556. FEDERAL DEPOSIT INSURANCE ACT TECHNICAL CORRECTION.
(a) Applicable Annual Percentage Rate of Interest.--Section 44(f)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1831u(f)(1)) is amended--
(1) in the matter preceding subparagraph (A), by inserting ``(or in the case of a governmental entity located in such State, paid)'' after ``received, or reserved''; and
(2) in subparagraph (B)--
(A) in the matter preceding clause (i), by striking ``nondepository institution operating in such State'' and inserting ``governmental entity located in such State and any person that is not a depository institution described in subparagraph (A) doing business in such State'';
(B) by redesignating clause (ii) as clause (iii);
(C) in clause (i)--
(i) in subclause (III)--
(I) in item (aa), by adding ``and'' at the end;
(II) in item (bb), by striking ``, to facilitate'' and all that follows through ``2009''; and
(III) by striking item (cc); and
(ii) by adding after subclause (III) the following:
``(IV) the uniform accessibility of bonds and obligations issued under the American Recovery and Reinvestment Act of 2009;''; and
(D) by inserting after clause (i) the following:
``(ii) to facilitate interstate commerce through the issuance of bonds and obligations under any provision of State law, including bonds and obligations for the purpose of economic development, education, and improvements to infrastructure; and''.
(b) Effective Period.--The amendments made by this section shall apply with respect to contracts consummated during the period beginning on the date of enactment of this Act and ending on December 31, 2010.
(As printed in the Congressional Record for the Senate on Jul 9, 2009.)