S.Amdt. 740

SA 740. Mr. VOINOVICH (for himself and Mr. Lieberman) submitted an amendment intended to be proposed by him to the concurrent resolution S. Con. Res. 13, setting forth the congressional budget for the United States Government for fiscal year 2010, revising the appropriate budgetary levels for fiscal year 2009, and setting forth the appropriate budgetary levels for fiscal years 2011 through 2014; which was ordered to lie on the table; as follows:

On page 49, after line 3, insert the following:

SEC. __. DEFICIT NEUTRAL RESERVE FUND FOR A BIPARTISAN PROCESS TO REDUCE THE LONG-TERM FISCAL GAP.

The Chairman of the Senate Committee on the Budget may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution for one or more bills, joint resolutions, amendments, motions or conference reports that provide for the creation of a bipartisan commission, task force, or other entity, with a membership that includes sitting Members of Congress, to recommend solutions that Congress will consider under expedited procedures to--

(1) address the long-term fiscal imbalance;

(2) increase net national savings to spur investment and growth; and

(3) improve the budget process to emphasize the long term;

by the amounts provided in such legislation for those purposes, provided that such legislation would not increase the deficit over the period of the total of fiscal years 2009 through 2014 or the period of the total of fiscal years 2009 through 2019.