S.Amdt. 2848

SA 2848. Mr. SANDERS (for himself and Mr. Wyden) 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:

On page 214, line 12, insert ``, except that the Secretary
shall determine such amount on the basis of reasonable
estimates until such time as data regarding the experiences
of other States become available and if such estimates are
determined to be incorrect on the basis of such data, the
Secretary shall adjust subsequent payments to correct errors
in earlier payments that were based on such estimates'' after
``States''.
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