S.Amdt. 3046

SA 3046. Mr. KERRY (for himself, Ms. Stabenow, Ms. Collins, Ms.
Snowe, Mr. Wyden, Mrs. Lincoln, Mr. Johnson, Mr. Specter, and Mrs.
Gillibrand) 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

[[Page S12726]]

was ordered to lie on the table; as follows:

Beginning on page 983, strike line 11 and all that follows
through page 984, line 3, and insert the following:
``(vi) Productivity adjustment.--After determining the home
health market basket percentage increase under clause (iii),
and after application of clause (v), the Secretary shall
reduce such percentage, for 2015 and each subsequent year, by
the productivity adjustment described in section
1886(b)(3)(B)(xi)(II). The application of the preceding
sentence may result in the home health market basket
percentage increase under clause (iii) being less than 0.0
for a year, and may result in payment rates under the system
under this subsection for a year being less than such payment
rates for the preceding year.''.
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