S.Amdt. 5019

SA 5019. Mr. INHOFE submitted an amendment intended to be proposed to
amendment SA 4983 proposed by Mr. Reid (for 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 385, between lines 8 and 9, insert the following:
``(12) Limitation based on adjusted gross income.--
``(A) In general.--A mortgagor shall not be eligible for
insurance under this section, if the adjusted gross income
reported by the mortgagor exceeds $75,000 or in the case of
mortgagors filing jointly $150,000.
``(B) Definition.--For purposes of this paragraph, the term
`adjusted gross income' has the same meaning given that term
in section 62 of the Internal Revenue Code of 1986.''.

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