[Page S2765]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3731. Mr. WYDEN submitted an amendment intended to be proposed by 
him to the bill S. 3217, to promote the financial stability of the 
United States by improving accountability and transparency in the 
financial system, to end ``too big to fail'', to protect the American 
taxpayer by ending bailouts, to protect consumers from abusive 
financial services practices, and for other purposes; which was ordered 
to lie on the table; as follows:

       At the end of subtitle A of title I, add the following:

     SEC. 122. DISCLOSURE OF FINANCIAL INTERESTS IN THE DECLINE IN 
                   VALUE OF FINANCIAL PRODUCTS.

       (a) Recommendations by Council.--Not later than 180 days 
     after the date of enactment of this Act, the Council shall 
     make recommendations to the primary financial regulatory 
     agencies to require any seller of a financial product or 
     instrument to disclose to the purchaser or prospective 
     purchaser of that product, whether the seller has any direct 
     financial interest in the decline in value of the product.
       (b) Procedures and Implementation.--The procedural and 
     implementation provisions of subsections (b) and (c) of 
     section 120 shall apply to recommendations of the Council 
     under this section.
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