S.Amdt. 2965

SA 2965. Mr. COBURN 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:

After title IX, insert the following:

TITLE X--CERTIFICATION OF FINANCIAL SUSTAINABILITY AND FISCAL SOLVENCY

SEC. 10001. FINANCIAL SUSTAINABILITY AND FISCAL SOLVENCY
REQUIREMENT.

Notwithstanding any other provision of law, the provisions
of this Act (and the amendments made by this Act), including
any health insurance programs created, run, or expanded by
the government through this Act (or the amendments made by
this Act), shall not take effect unless the actuary of the
Department of Health and Human Services and the actuary of
the Social Security Administration each independently
certify, in testimony before Congress and in an official
report to Congress, that, as of January 1, 2009, the Medicare
program under title XVIII of the Social Security Act (42
U.S.C. 1395 et seq.) and the Medicaid program under title XIX
of the Social Security Act (42 U.S.C. 1396 et seq.) are
financially sustainable and fiscally solvent through January
1, 2029.
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