S.Amdt. 3405

SA 3405. Mr. NELSON of Nebraska submitted an amendment intended to be
proposed to amendment SA 3336 proposed by Mr. Baucus to the bill H.R.
4213, to amend the Internal Revenue Code of 1986 to extend certain
expiring provisions, and for other purposes; which was ordered to lie
on the table; as follows:

On page 161, between lines 10 and 11, insert the following:

SEC. ___. REPLENISHMENT OF GENERAL FUND THROUGH RESCISSION OF
CERTAIN STIMULUS FUNDS.

Notwithstanding section 5 of the American Recovery and
Reinvestment Act of 2009 (Public Law 111-5; 123 Stat. 116),
from the amounts appropriated or made available under
division A such Act (other than under title X of such
division A), there is rescinded $36,000,000,000 of any
remaining unobligated amounts. The Director of the Office of
Management and Budget shall apply the rescission in a pro
rata manner with respect to such amounts. The Director of the
Office of Management and Budget shall report to each
congressional committee the amounts so rescinded within the
jurisdiction of such committee.
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