S.Amdt. 778

SA 778. Mr. BENNETT 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:

At the appropriate place, insert the following:

SEC. ___. TARP OFFSET.

(a) In General.--It shall not be in order in the Senate to consider a bill, resolution, amendment, or conference report that provides additional funding for the TARP program unless the measure provides an offsetting reduction in the discretionary spending caps set forth in section 301 of this resolution.

(b) Matter Stricken.--If the point of order prevails under subsection (a), the provision shall be stricken in accordance with the procedures provided in section 313(e) of the Congressional Budget Act of 1974.

(c) Waivers and Appeals.--

(1) Waiver or suspension.--This section may be waived or suspended in the Senate only by the affirmative rollcall vote of three-fifths of the Members, duly chosen and sworn.

(2) Appeals.--Appeals in the Senate from the decisions of the Chair relating to any provision of this section shall be limited to 1 hour, to be equally divided between, and controlled by, the appellant and the manager of the bill or joint resolution. An affirmative vote of three-fifths of the Members of the Senate, duly chosen and sworn, shall be required to sustain an appeal of the ruling of the Chair on a point of order raised under this section.