S.Amdt. 4338
What it does: Adds SEC. 3___. DEFICIT-NEUTRAL RESERVE FUND FOR SARBANES-OXLEY REFORM at the end of title III
Sen. Jim DeMint (R-SC)What it changes
1 change to S.Con.Res. 70 · shown in the resolution's text
Adds SEC. 3___. DEFICIT-NEUTRAL RESERVE FUND FOR SARBANES-OXLEY REFORM at the end of title III
Adds a sectionIn S.Con.Res. 70 · Placed on Calendar Senate
The Chairman of the Senate Committee on the Budget may revise the allocations of a committee or committees, aggregates, and other levels in this resolution for one or more bills, joint resolutions, amendments, motions, or conference reports that would authorize salary adjustments for justices and judges of the United States or increase the number of Federal judgeships, by the amounts provided in such legislation for those purposes, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2008 through 2013 or the period of the total of fiscal years 2008 through 2018.
Inserted: SEC. 3___. DEFICIT-NEUTRAL RESERVE FUND FOR SARBANES-OXLEY REFORM.
Inserted: (a) In General.--Subject to subsection (b), the Chairman of the Senate Committee on the Budget may revise the allocations, aggregates, and other levels in this resolution by the amounts provided by a bill, joint resolution, amendment, motion, or conference report that would make voluntary section 404(a) of the Sarbanes-Oxley Act of 2002 and the rules issued thereunder for smaller public companies.
Inserted: (b) Deficit Neutrality.--Subsection (a) applies only if the legislation described in subsection (a) would not increase the deficit over the period of the total of fiscal years 2008 through 2013 or the period of the total of fiscal years 2008 through 2018.
Original wording
At the end of title III, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 4338. Mr. DeMINT submitted an amendment intended to be proposed by him to the concurrent resolution S. Con. Res. 70, setting forth the congressional budget for the United States Government for fiscal year 2009 and including the appropriate budgetary levels for fiscal years 2008 and 2010 through 2013; which was ordered to lie on the table; as follows:
At the end of title III, add the following:
SEC. 3___. DEFICIT-NEUTRAL RESERVE FUND FOR SARBANES-OXLEY REFORM.
(a) In General.--Subject to subsection (b), the Chairman of the Senate Committee on the Budget may revise the allocations, aggregates, and other levels in this resolution by the amounts provided by a bill, joint resolution, amendment, motion, or conference report that would make voluntary section 404(a) of the Sarbanes-Oxley Act of 2002 and the rules issued thereunder for smaller public companies.
(b) Deficit Neutrality.--Subsection (a) applies only if the legislation described in subsection (a) would not increase the deficit over the period of the total of fiscal years 2008 through 2013 or the period of the total of fiscal years 2008 through 2018.
Legislative Activity
Stay on top of the latest movement without scrolling through every action
Senate amendment submitted
March 13, 2008