S.Amdt. 4366

SA 4366. Mr. ENSIGN 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 subtitle A of title II, insert the following:

SEC. 2__. EXTENSION OF GRANTS FOR SPECIFIED ENERGY PROPERTY
IN LIEU OF TAX CREDITS.

(a) In General.--Subsection (a) of section 1603 of division
B of the American Recovery and Reinvestment Act of 2009 is
amended--
(1) in paragraph (1), by striking ``2009 or 2010'' and
inserting ``2009, 2010, 2011, or 2012'', and
(2) in paragraph (2)--
(A) by striking ``after 2010'' and inserting ``after
2012'', and
(B) by striking ``2009 or 2010'' and inserting ``2009,
2010, 2011, or 2012''.
(b) Conforming Amendment.--Subsection (j) of section 1603
of division B of such Act is amended by striking ``2011'' and
inserting ``2013''.
(c) Effective Date.--The amendments made by this section
shall apply to property placed in service after the date of
the enactment of this Act.
(d) Use of Stimulus Funds To Offset Spending.--
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 increase in spending
resulting from the amendments made by this section. 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to each congressional committee the amounts so rescinded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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