To appropriate $5,000,000 for OFHEO to meet emergency funding needs; these funds are supported by fees collected from the regulated GSEs.

SA 547. Mr. COCHRAN (for Mr. Bond) proposed an amendment to the bill H.R. 1268, Making emergency supplemental appropriations for the fiscal year ending September 30, 2005, to establish and rapidly implement regulations for State driver's license and identification document security standards, to prevent terrorists from abusing the asylum laws of the United States, to unify terrorism-related grounds for inadmissibility and removal, to ensure expeditious construction of the San Diego border fence, and for other purposes; as follows:

Insert the following on page 203, after line 17:

“Office of Federal Housing Enterprise Oversight Salaries and Expenses

(INCLUDING TRANSFER OF FUNDS)

For an additional amount for the “Office of Federal Housing Enterprise Oversight” for carrying out the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, $5,000,000 to remain available until expended, to be derived from the Federal Housing Enterprises Oversight Fund: Provided, That not to exceed the amount provided herein shall be available from the general fund of the Treasury to the extent necessary to incur obligations and make expenditures pending the receipt of collections to the Fund: Provided further, That the general fund amount shall be reduced as collections are received during the fiscal year so as to result in a final appropriation from the general fund estimated at not more than $0.”.