S.Amdt. 3287

SA 3287. Mr. GREGG 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. __. PREVENTING THE GAMING OF THE 10 YEAR BUDGET WINDOW.

Section 402 of the Congressional Budget Act of 1974 5 (2
U.S. C. 653) is amended--
(1) in paragraph (2), by striking ``and'' after the
semicolon;
(2) in paragraph (3), by striking the period and insert ``;
and''; and
(3) by inserting at the end the following:
``(4) for any provisions with delayed effective dates or
phase-in periods, an estimate of the costs for the year that
the provision first becomes fully effective and for each of
the following 9 fiscal years.''.
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