S.Amdt. 5049

SA 5049. Mr. ENSIGN 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 401, line 10, after the first period insert the
following:
``(x) No Benefit for Delinquency Within First Six Months.--
No insurance benefits shall be paid by the Secretary pursuant
to this section if a mortgagor fails to timely make any of
his or her first six payments on a refinanced eligible
mortgage insured under this section.''.
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