S.Amdt. 3151

SA 3151. Mr. BARRASSO 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 201, between lines 6 and 7, insert the following:

SEC. 1325. PROHIBITION ON FEDERAL BAILOUT OF A CO-OP PLAN OR
A COMMUNITY HEALTH INSURANCE OPTION.

(a) Prohibition.--Notwithstanding any provision of (or
amendment made by) this Act, no Federal funds shall paid to,
or used to support the operation of (including ensuring the
solvency of), a qualified health plan offered under the
Consumer Operated and Oriented Plan (CO-OP) program under
section 1322 or a community health insurance option under
section 1323.
(b) Exceptions.--Subsection (a) shall not apply to--
(1) loans and grants under section 1322(b) or loans or
payments under section 1323(c); or
(2) any premium tax credit under section 36B of the
Internal Revenue Code of 1986 or any cost-sharing reduction
under section 1402, or any advance payment of either, with
respect to an individual enrolled in a plan or option
described in subsection (a).
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