S.Amdt. 4357

SA 4357. Mr. BOND 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:

Beginning on page 170, line 6, strike all through page 225,
line 4, and insert the following:

SEC. 401. USE OF STIMULUS FUNDS TO OFFSET SPENDING.

The unobligated balance of each amount appropriated or made
available under the American Recovery and Reinvestment Act of
2009 (Public Law 111-5) (other than under title X of division
A of such Act) is rescinded such that the aggregate amount of
such rescissions equal $39,860,000,000 in order to offset the
net increase in spending resulting from the provisions of,
and amendments made by, this Act. 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committee the amounts so rescinded within the jurisdiction of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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