Senate Amendment 3333 PAG LIN 1 1 Amend Senate File 341, as passed by the Senate, as 1 2 follows: 1 3 #1. Page 2, by inserting after line 6 the 1 4 following: 1 5 <Sec. . Section 9H.2, subsection 4, Code 2003, 1 6 is amended to read as follows: 1 7 4. A processor which was in compliance with this 1 8 section prior to April 5, 2000, and which was in 1 9 violation of this section as a result of 2000 Iowa 1 10 Acts, chapter 1048, shall have until June 30,20041 11 2006, to comply with 2000 Iowa Acts, chapter 1048. A 1 12 processor shall not take action on or after April 5, 1 13 2000, which would be in violation of this section.> 1 14 #2. Page 2, line 13, by striking the figure <2005> 1 15 and inserting the following: <2007>. 1 16 #3. Page 2, by inserting after line 18, the 1 17 following: 1 18 <Sec. . Section 9H.2A, subsections 1 through 3, 1 19 Code 2003, are amended to read as follows: 1 20 1. A processor that was in compliance with section 1 21 9H.2, Code 2001, prior to January 1, 2002, and which 1 22 is in violation of section 9H.2, as amended bythis 1 23 Act2002 Acts, chapter 1095, shall have until June 30, 1 2420042006, to comply with section 9H.2, as amended by 1 25this Act2002 Acts, chapter 1095. 1 26 2. Notwithstanding any provision of this section, 1 27 a processor shall not take an action on or after 1 28 January 1, 2002, that would be in violation of section 1 29 9H.2, as amended bythis Act2002 Acts, chapter 1095. 1 30 3. The two=year period that a person who holds an 1 31 executive position in a processor or owes a processor 1 32 a fiduciary duty and thus is deemed to be a processor 1 33 as provided in section 9H.1, subsection 27, paragraph 1 34 "b", shall not apply if the person held the position 1 35 or owed the duty on January 1, 2002, and relinquishes 1 36 the position or duty on or before June 30,20042006. 1 37 Sec. . Section 9H.2A, subsection 4, Code 2003, 1 38 is amended by striking the subsection.> 1 39 #4. Page 4, line 27, by inserting after the word 1 40 <section.> the following: <The Code editor shall 1 41 substitute the term "chapter" for "section" in the law 1 42 text.> 1 43 #5. Page 4, line 29, by striking the figure <28,>. 1 44 #6. Page 4, line 31, by inserting before the 1 45 figure <29> the following: <28,>. 1 46 #7. By renumbering as necessary. 1 47 SF 341.H 1 48 da/es/25 1 49 1 50 -1-