S.Amdt. 4351Senate111th Congress (2009-2011)

To amend the Internal Revenue Code of 1986 to extend the time for closing on a principal residence eligible for the first-time homebuyer credit.

Submitted June 15, 2010

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Floor Latest Action

Senate amendment not agreed to: Amendment SA 4351 under the order of 6/16/10, not having achieved 60 votes in the affirmative, not agreed to in Senate by Yea-Nay Vote. 45 - 52. Record Vote Number: 192.

June 16, 2010

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Floor

Senate amendment not agreed to: Amendment SA 4351 under the order of 6/16/10, not having achieved 60 votes in the affirmative, not agreed to in Senate by Yea-Nay Vote. 45 - 52. Record Vote Number: 192.

June 16, 2010

Floor

Roll call votes on amendments in Senate: Amendment SA 4351 under the order of 6/16/10, not having achieved 60 votes in the affirmative, not agreed to in Senate by Yea-Nay Vote. 45 - 52. Record Vote Number: 192.

June 16, 2010

Floor

Senate amendment proposed (on the floor): Amendment SA 4351 proposed by Senator Isakson, previously submitted to SA 4301, notwithstanding the impendency of a motion to concur in the House amendment to the Senate amendment to H.R. 4213 with an amendment (SA 4369), by Unanimous Consent .(consideration: CR S4969-4971; text: S4970)

June 16, 2010

Floor

Amendment SA 4351 proposed by Senator Isakson, previously submitted to SA 4301, notwithstanding the impendency of a motion to concur in the House amendment to the Senate amendment to H.R. 4213 with an amendment (SA 4369), by Unanimous Consent . (consideration: CR S4969-4971; text: S4970) To amend the Internal Revenue Code of 1986 to extend the time for closing on a principal residence eligible for the first-time homebuyer credit.

June 16, 2010

Floor

Amendment SA 4351 under the order of 6/16/10, not having achieved 60 votes in the affirmative, not agreed to in Senate by Yea-Nay Vote. 45 - 52. Record Vote Number: 192.

June 16, 2010

Floor

Proposed amendment SA 4351 under the order of 6/16/10, not having achieved 60 votes in the affirmative, was withdrawn in Senate. (consideration: CR S4971)

June 16, 2010

Floor

Amendment SA 4351, previously proposed notwithstanding the impendency of the motion to concur in the House amendment to the Senate amendment to the bill (H.R. 4213), is considered to have been proposed to and incorporated into amendment SA 4369, pursuant to the order of 6/15/2010.

June 16, 2010

Floor

Senate amendment submitted

June 15, 2010

Text

Submitted

SA 4351. Mr. ISAKSON (for himself and Mr. Alexander) submitted an
amendment intended to be proposed to amendment SA 4301 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:

At the end of part I of subtitle B of title II, insert the
following:

SEC. --. FIRST-TIME HOMEBUYER CREDIT.

(a) In General.--Paragraph (2) of section 36(h) is amended
by striking ``paragraph (1) shall be applied by substituting
`July 1, 2010' '' and inserting ``and who purchases such
residence before October 1, 2010, paragraph (1) shall be
applied by substituting `October 1, 2010' ''.
(b) Conforming Amendment.--Subparagraph (B) of section
36(h)(3) is amended by inserting ``and for `October 1, 2010'
'' after ``for `July 1, 2010' ''.
(c) Effective Date.--The amendments made by this section
shall apply to residences purchased after June 30, 2010.
(d) Transfer of Stimulus Funds.--Notwithstanding section 5
of the American Recovery and Reinvestment Act of 2009, from
the amounts appropriated or made available and remaining
unobligated under division A of such Act (other than under
title X of such division A), the Director of the Office of
Management and Budget shall transfer from time to time to the
general fund of the Treasury an amount equal to the net
decrease in revenues resulting from the enactment of
subsections (a) and (b).
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