S.Amdt. 2805

SA 2805. Mr. CORNYN submitted an amendment intended to be proposed to
amendment SA 2786 proposed by Mr. Reid (for himself, Mr. Baucus, Mr.
Dodd, and Mr. Harkin) to the bill H.R. 3590, to amend the Internal
Revenue Code of 1986 to modify the first-time homebuyers credit in the
case of members of the Armed Forces and certain other Federal
employees, and for other purposes; which was ordered to lie on the
table; as follows:

At the appropriate place in title I, insert the following:

SEC. 1__. REQUIREMENT OF ELIMINATION OF THE FEDERAL DEFICIT.

Notwithstanding any other provision of this Act (or an
amendment made by this Act), no Federal outlays authorized
under this Act (or such an amendment) may take effect until
the Office of Management and Budget certifies that the
Federal budget deficit has been eliminated.
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