S.Amdt. 865
What it does: Adds SEC. 216. DEFICIT-NEUTRAL RESERVE FUND TO MODERNIZE THE ARMED FORCES AND REQUIRE A MINIMUM BASELINE FOR DEFENSE FUNDING at the end of title II
Sen. James M. Inhofe (R-OK)What it changes
1 change to S.Con.Res. 13 · shown in the resolution's text
Adds SEC. 216. DEFICIT-NEUTRAL RESERVE FUND TO MODERNIZE THE ARMED FORCES AND REQUIRE A MINIMUM BASELINE FOR DEFENSE FUNDING at the end of title II
Adds a sectionIn S.Con.Res. 13 · Placed on Calendar Senate
The Chairman of the Senate Committee on the Budget may revise the allocations of a committee or committees, aggregates, and other appropriate levels and limits in this resolution for one or more bills, joint resolutions, amendments, motions, or conference reports that increase transparency at the Federal Reserve System, including audits of the Board of Governors of the Federal Reserve System and the Federal reserve banks and increased public disclosure with respect to the recipients of all loans and other financial assistance it has provided since March 24, 2008, by the amounts provided in such legislation for those purposes, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2009 through 2014 or the period of the total of fiscal years 2009 through 2019.
Inserted: SEC. 216. DEFICIT-NEUTRAL RESERVE FUND TO MODERNIZE THE ARMED FORCES AND REQUIRE A MINIMUM BASELINE FOR DEFENSE FUNDING.
Inserted: The Chairman of the Senate Committee on the Budget may revise the allocations of a committee or committees, aggregates, and other appropriate levels and limits in this resolution for one or more bills, joint resolutions, amendments, motions, or conference reports that would guarantee a baseline budget (not including supplemental or war funding) that sets a spending floor for military investment and modernization to equip, train, and modernize a full-spectrum force to preserve America's security based on the gross domestic product of the United States and setting that minimum baseline at not less than 4 percent of the gross domestic product of the United States over the next 10 years, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2009 through 2014 or the period of the total of fiscal year 2009 through 2019.
Original wording
At the end of title II, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 865. Mr. INHOFE 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 end of title II, add the following:
SEC. 216. DEFICIT-NEUTRAL RESERVE FUND TO MODERNIZE THE ARMED FORCES AND REQUIRE A MINIMUM BASELINE FOR DEFENSE FUNDING.
The Chairman of the Senate Committee on the Budget may revise the allocations of a committee or committees, aggregates, and other appropriate levels and limits in this resolution for one or more bills, joint resolutions, amendments, motions, or conference reports that would guarantee a baseline budget (not including supplemental or war funding) that sets a spending floor for military investment and modernization to equip, train, and modernize a full-spectrum force to preserve America's security based on the gross domestic product of the United States and setting that minimum baseline at not less than 4 percent of the gross domestic product of the United States over the next 10 years, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2009 through 2014 or the period of the total of fiscal year 2009 through 2019.
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Senate amendment submitted
April 1, 2009