S.Amdt. 4450

SA 4450. Mr. ENSIGN submitted an amendment intended to be proposed to
amendment SA 4387 submitted by Mr. Dodd (for himself and Mr. Shelby) to
the bill H.R. 3221, moving the United States toward greater energy
independence and security, developing innovative new technologies,
reducing carbon emissions, creating green jobs, protecting consumers,
increasing clean renewable energy production, and modernizing our
energy infrastructure, and to amend the Internal Revenue Code of 1986
to provide tax incentives for the production of renewable energy and
energy conservation; which was ordered to lie on the table; as follows:

On page 70, strike lines 14 through 21 and insert the
following:
``(A) Increase for 2008.--In the case of calendar year
2008, the State ceiling for each State shall be increased by
an amount equal to $10,000,000,000 multiplied by a fraction--
``(i) the numerator of which is the number of foreclosures
on residential property filed in such State, and
``(ii) the denominator of which is the total number of
foreclosures on residential property filed in all States.
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