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May 13, 2009, 12:00 am ET - Amendment SA 1104 proposed by Senator Isakson to Amendment SA 1084.
May 13, 2009, 12:00 am ET - Amendment SA 1104 agreed to in Senate by Unanimous Consent.

Full Text of this Amendment

SA 1104. Mr. ISAKSON (for himself and Mr. Chambliss) submitted an amendment intended to be proposed to amendment SA 1084 submitted by Mrs. Gillibrand to the amendment SA 1058 proposed by Mr. Dodd (for himself and Mr. Shelby) to the bill H.R. 627, to amend the Truth in Lending Act to establish fair and transparent practices relating to the extension of credit under an open end consumer credit plan, and for other purposes; as follows:

Beginning on page 1, line 2, strike all through page 2, line 9, and insert the following:
SEC. 503. GAO STUDY AND REPORT ON FLUENCY IN THE ENGLISH LANGUAGE AND FINANCIAL LITERACY.
(a) Study.--The Comptroller General of the United States shall conduct a study examining--
(1) the relationship between fluency in the English language and financial literacy; and
(2) the extent, if any, to which individuals whose native language is a language other than English are impeded in their conduct of their financial affairs.
(b) Report.--Not later than 1 year after the date of enactment of this Act, the Comptroller General of the United States shall submit a report to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives that contains a detailed summary of the findings and conclusions of the study required under subsection (a).


(As printed in the Congressional Record for the Senate on May 13, 2009.)