[Page S3195]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3820. Mr. BROWN of Ohio submitted an amendment intended to be 
proposed to amendment SA 3739 proposed by Mr. Reid (for Mr. Dodd (for 
himself and Mrs. Lincoln)) 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:

       On page 235, between lines 13 and 14, insert the following 
     new subparagraph after subparagraph (C) and redesignate the 
     subsequent subparagraph:
       (D) Services performed under a collective bargain agreement 
     after appointment and prior to repudiation.--If, in the case 
     of any collective bargaining agreement between a labor 
     organization and a covered financial company, the Corporation 
     as receiver accepts performance of services subject to such 
     agreement before making any determination to exercise the 
     right of repudiation of such collective bargaining agreement 
     under this section--
       (i) the persons covered by such collective bargaining 
     agreement shall be paid under the terms of such agreement for 
     the services performed; and
       (ii) the amount of such payment shall be treated as an 
     administrative expense of the receivership.
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