S.Amdt. 4451

SA 4451. 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 22 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 the greater of--
``(i) $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, or

``(ii) the amount determined under subparagraph (B).
``(B) Minimum amount.--The amount determined under this
subparagraph is--
``(i) in the case of a State (other than a possession) or
Puerto Rico, $90,300,606, and
``(ii) in the case of a possession of the United States
(other than Puerto Rico) with a population less than the
least populous State (other than a possession), the product
of--

``(I) a fraction the numerator of which is $90,300,606 and
the denominator of which is population of the least populous
State (other than a possession), and
``(II) the population of such possession.

In the case of any possession of the United States not
described in clause (i) or (ii), the amount determined under
this subparagraph shall be zero.
``(C) Set aside.--
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