S.Amdt. 4558

SA 4558. Mrs. HUTCHISON (for herself, Mr. Graham, and Mr. Cornyn)
submitted an amendment intended to be proposed to amendment SA 4519
proposed by Mr. Reid (for himself, Mr. Baucus, and Ms. Landrieu) to the
bill H.R. 5297, to create the Small Business Lending Fund Program to
direct the Secretary of the Treasury to make capital investments in
eligible institutions in order to increase the availability of credit
for small businesses, to amend the Internal Revenue Code of 1986 to
provide tax incentives for small business job creation, and for other
purposes; which was ordered to lie on the table; as follows:

At the end of subtitle B, add the following:

PART ___--TITLE 17 INNOVATIVE TECHNOLOGY LOAN GUARANTEE PROGRAM

SEC. 4___. TITLE 17 INNOVATIVE TECHNOLOGY LOAN GUARANTEE
PROGRAM.

(a) Funding.--The matter under the heading ``Title 17
Innovative Technology Loan Guarantee Program'' of title III
of division C of the Omnibus Appropriations Act, 2009 (Public
Law 111-8; 123 Stat. 619) is amended, in the matter preceding
the first proviso--
(1) by striking ``$47,000,000,000'' and inserting
``$56,000,000,000''; and
(2) by striking ``$18,500,000,000'' and inserting
``$27,500,000,000''.
(b) Use of Stimulus Funds to Offset Spending.--
(1) In general.--The unobligated balance of each amount
appropriated or made available under the American Recovery
and Reinvestment Act of 2009 (Public Law 111-5; 123 Stat.
115) (other than under title X of division A of that Act) is
rescinded, on a pro rata basis, by an aggregate amount that
equals the amounts necessary to offset any net increase in
spending or foregone revenues resulting from this section and
the amendments made by this section.
(2) Report.--The Director of the Office of Management and
Budget shall submit to each congressional committee the
amounts rescinded under paragraph (1) that are within the
jurisdiction of the committee.
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