Amendment · S.Amdt. 2340· Senate(119-SAMDT-2340)

S.Amdt. 2340

Age: 77 years

Massachusetts

This amendment was never taken up, and the bill finished without it. It was never voted on.

What this amendment would do

The amendment changes section 7(f) of the bill, which deals with the preservation of State law.
It aims to make sure that nothing in the Act limits a State's authority to enact, adopt, promulgate, and enforce any statute, regulation, or interpretation, unless it directly clashes with the Act.
It clarifies that a State law is not inconsistent with the Act if it gives customers greater protection than what the Act provides.
It allows the Director of the Bureau of Consumer Financial Protection to decide if a State law clashes with the Act, either on their own or because an interested person filed a nonfrivolous petition.