S.Amdt. 3055

SA 3055. Mr. ENSIGN 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 1983, strike lines 1-11 and insert the following:

``(II) the 3-year average FEHB program premium increase for
such year.

If any amount determined under this clause is not a multiple
of $50, such amount shall be rounded to the nearest multiple
of $50.
(iv) 3-year average fehb program premium increase.--For
purposes of clause (iii)--

(I) In general.--The term ``3-year average FEHB program
premium increase'' means, with respect to any calendar year,
the average of the FEHB program premium increases for the
preceding 3 calendar years.
(II) FEHB premium increase.--The term ``FEHB program
premium increase'' means, with respect to any calendar year,
the average amount of the increases in premiums (if any) for
all plans offered under the Federal Employee Health Benefits
Program under chapter 89 of title 5, United States Code,
which were offered under such program for the preceding
calendar year.

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