S.Amdt. 2636
What it does: Replaces the period at the end of page 121, line 4 with new text
Sen. James M. Inhofe (R-OK)What it changes
1 change to S. 2020
Replaces the period at the end of page 121, line 4 with new text
ReplacesPrinted pageRemoves the period at the end of the printed bill. See that page
Inserted: , or
Inserted: "(v)(I) the applicable exempt organization, or a financing subsidiary or affiliate wholly owned by one or more applicable exempt organizations, is the sole owner and beneficiary of the contract,
Inserted: "(II) the interest in the contract of each person other than the applicable exempt organization arises solely from a security or collateral interest, and
Inserted: "(III) a principal portion of the death benefits attributable to the insurance contract is paid to the applicable exempt organization, or a subsidiary or affiliate wholly owned by one or more applicable exempt organizations.
Original wording
On page 121, line 4, strike the period at the end and insert “, or
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 2636. Mr. INHOFE submitted an amendment intended to be proposed by him to the bill S. 2020, to provide for reconciliation pursuant to section 202(b) of the concurrent resolution on the budget for fiscal year 2006; which was ordered to lie on the table; as follows:
On page 121, line 4, strike the period at the end and insert “, or
“(v)(I) the applicable exempt organization, or a financing subsidiary or affiliate wholly owned by one or more applicable exempt organizations, is the sole owner and beneficiary of the contract,
“(II) the interest in the contract of each person other than the applicable exempt organization arises solely from a security or collateral interest, and
“(III) a principal portion of the death benefits attributable to the insurance contract is paid to the applicable exempt organization, or a subsidiary or affiliate wholly owned by one or more applicable exempt organizations.
Legislative Activity
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Senate amendment submitted
November 17, 2005