To amend the Congressional Budget and Impoundment Control Act of 1974 to limit the phasein of revenue-reducing measures to 1 year.
What it does: Adds SEC. ____. PROHIBITION ON THE CONSIDERATION OF ANY LONG-TERM PHASEIN OF ANY REVENUE-REDUCING MEASURE at the end of subtitle C of title V
Sen. Mark Dayton (D-MN)What it changes
1 change to S. 1054 · shown in the bill's text
Adds SEC. ____. PROHIBITION ON THE CONSIDERATION OF ANY LONG-TERM PHASEIN OF ANY REVENUE-REDUCING MEASURE at the end of subtitle C of title V
Adds a sectionIn S. 1054 · Placed on Calendar Senate
(c) Effective Date.--The amendments made by this section shall apply to amounts paid or accrued after the date of enactment of this section in taxable years ending after such date.
Inserted: SEC. ____. PROHIBITION ON THE CONSIDERATION OF ANY LONG-TERM PHASEIN OF ANY REVENUE-REDUCING MEASURE.
Inserted: (a) In General.--Title III of the Congressional Budget and Impoundment Control Act of 1974 is amended by adding at the end the following:
Inserted: "prohibition on the consideration of any long-term phasein of any revenue-reducing measure
Inserted: "Sec. 316. (a) In General.--It shall not be in order in the House of Representatives or the Senate to consider any bill, joint resolution, amendment, motion, or conference report, that phases in a revenue-reducing measure for a period longer than the 1-taxable year period beginning after the date of the enactment of such measure.
Inserted: "(b) Revenue-Reducing Measure.--The term 'revenue-reducing measure' means any change in any rate of tax, deduction, exemption, credit, exclusion, or similar change to the Internal Revenue Code of 1986 that will result in a reduction in revenues to the United States Treasury.".
Inserted: (b) Supermajority Point of Order.--Subsections (c)(1) and (d)(2) of section 904 of the Congressional Budget and Impoundment Control Act of 1974 are amended by inserting "316," after "313,".
Inserted: (c) Conforming Amendment.--The table of contents for the Congressional Budget and Impoundment Control Act of 1974 is amended by inserting after the item relating to section 315 the following:
Inserted: "Sec. 316. Prohibition on the consideration of any long-term phasein of any revenue-reducing measure.".
Inserted: (d) Effective Date.--The amendments made by this section take effect on January 1, 2004.
Original wording
At the end of subtitle C of title V add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 616. Mr. DAYTON submitted an amendment intended to be proposed by him to the bill S. 1054 to provide for reconciliation pursuant to section 201 of the concurrent resolution on the budget for fiscal year 2004; which was ordered to lie on the table; as follows:
At the end of subtitle C of title V add the following:
SEC. ____. PROHIBITION ON THE CONSIDERATION OF ANY LONG-TERM PHASEIN OF ANY REVENUE-REDUCING MEASURE.
(a) In General.--Title III of the Congressional Budget and Impoundment Control Act of 1974 is amended by adding at the end the following:
“prohibition on the consideration of any long-term phasein of any revenue-reducing measure
“Sec. 316. (a) In General.--It shall not be in order in the House of Representatives or the Senate to consider any bill, joint resolution, amendment, motion, or conference report, that phases in a revenue-reducing measure for a period longer than the 1-taxable year period beginning after the date of the enactment of such measure.
“(b) Revenue-Reducing Measure.--The term ‘revenue-reducing measure' means any change in any rate of tax, deduction, exemption, credit, exclusion, or similar change to the Internal Revenue Code of 1986 that will result in a reduction in revenues to the United States Treasury.”.
(b) Supermajority Point of Order.--Subsections (c)(1) and (d)(2) of section 904 of the Congressional Budget and Impoundment Control Act of 1974 are amended by inserting “316,” after “313,”.
(c) Conforming Amendment.--The table of contents for the Congressional Budget and Impoundment Control Act of 1974 is amended by inserting after the item relating to section 315 the following:
“Sec. 316. Prohibition on the consideration of any long-term phasein of any revenue-reducing measure.”.
(d) Effective Date.--The amendments made by this section take effect on January 1, 2004.
Legislative Activity
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Senate amendment proposed (on the floor): Amendment SA 616 proposed by Senator Dayton.(consideration: CR S6440)
May 15, 2003
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Senate amendment proposed (on the floor): Amendment SA 616 proposed by Senator Dayton.(consideration: CR S6440)
May 15, 2003
Senate amendment not agreed to: Amendment SA 616 not agreed to in Senate by Voice Vote.
May 15, 2003
Amendment SA 616 proposed by Senator Dayton. (consideration: CR S6440) To amend the Congressional Budget and Impoundment Control Act of 1974 to limit the phasein of revenue-reducing measures to 1 year.
May 15, 2003
Amendment SA 616 not agreed to in Senate by Voice Vote.
May 15, 2003
Senate amendment submitted
May 14, 2003