S.Amdt. 4377

SA 4377. Mr. BOND submitted an amendment intended to be proposed to
amendment SA 4369 proposed by Mr. Baucus to the bill H.R. 4213, to
amend the Internal Revenue Code of 1986 to

[[Page S5137]]

extend certain expiring provisions, and for other purposes; which was
ordered to lie on the table; as follows:

Beginning on page 173, line 6, strike all through page 231,
line 12, 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A of such Act) is rescinded such that the aggregate amount of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committee the amounts so rescinded within the jurisdiction of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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