S.Amdt. 3093

SA 3093. Mr. BENNETT 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, insert the following:

SEC. __. LIMITATION ON NEW ENTITLEMENT SPENDING.

Notwithstanding any other provision of this Act (or an
amendment made by this Act), no entitlement program
established under this Act (or amendments) shall be
implemented until the Secretary of the Treasury certifies to
Congress that total Federal mandatory spending will not
exceed total Federal outlays for the first 5 years of the
implementation of this Act.
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