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The Committee on Commerce (Lynn) recommended the following

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amendment to amendment (359502):

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     Senate Amendment

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     Between line(s) 85 and 86

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insert:

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     (4) This chapter does not apply to any arbitrator or any

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arbitration organization in an arbitration proceeding governed by

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rules adopted by a securities self-regulatory organization and

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approved by the United States Securities and Exchange Commission

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under the Securities and Exchange Act of 1934, 15 U.S.C. s. 78s.

3/31/2008  3:41:00 PM     7-06235-08