S.Amdt. 5027

SA 5027. Mr. VITTER submitted an amendment intended to 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 428, line 17, before ``The Federal'' insert ``(a)
In General.--''
On page 428, after line 24, insert the following:
(b) Excess Fees.--To the extent that any fees charged and
collected under subsection (a) exceed the costs of
maintaining and providing access to information from the
Nationwide Mortgage Licensing System and Registry, such
excess fees shall deposited in the Deficit Reduction Fund
established under subsection (c) to be used only to make
payments to reduce the deficit.
(c) Deficit Reduction Fund.--There is established in the
general fund of the Treasury a fund to be known as the
``Deficit Reduction Fund''.
(d) Report.--The Comptroller General shall, on an annual
basis, conduct a study and submit a report to Congress on--
(1) the actual cost of maintaining information on the
Nationwide Mortgage Licensing System and Registry; and
(2) if the fees charged under subsection (a) are excessive.

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