To establish a reserve fund to allow for deficit-neutral legislation that would provide for an extension of the Medicare part D enrollment period.

SA 3073. Mr. GRASSLEY proposed an amendment to the concurrent
resolution S. Con. Res. 83, setting forth the congressional budget for
the United States Government for fiscal year 2007 and including the
appropriate budgetary levels for fiscal years 2006 and 2008 through
2011; as follows:

At the end of title III, insert the following:

SEC. ___. RESERVE FUND FOR EXTENSION OF THE MEDICARE PART D
ENROLLMENT PERIOD.

If the Committee on Finance of the Senate reports a bill,
or if an amendment is offered thereto, or if a conference
report is submitted thereon, that--
(1) authorizes the Secretary of Health and Human Services
to extend the initial open enrollment period under part D of
title XVIII of the Social Security Act beyond May 15, 2006;
(2) provides funding to the Centers for Medicare & Medicaid
Services and the Social Security Administration for the
purpose of conducting enrollment activities for the period of
any extension of the initial open enrollment period;
(3) waives the application of the late enrollment penalty
for the period of any extension of the initial open
enrollment period; and
(4) permits beneficiaries to change their enrollment
election in such part D once during the initial open
enrollment period, including throughout any extension of the
initial open enrollment period;
the Chairman of the Committee on the Budget of the Senate may
make the appropriate adjustments in allocations and
aggregates to the extent that such legislation would not
increase the deficit for fiscal year 2007 and for the period
of fiscal years 2007 through 2011 .
______