S.Amdt. 923

1. Adds SEC. ___. LIMIT ON FEDERAL SPENDING at the end of title III

   Adds a section

   In S.Con.Res. 13 · Placed on Calendar Senate

   (2) with full recognition of the constitutional right of the Senate to change those rules at any time, in the same manner, and to the same extent as is the case of any other rule of the Senate.

   Inserted: SEC. ___. LIMIT ON FEDERAL SPENDING.

   Inserted: (a) Definition.--In this section:

   Inserted: (1) Federal spending limit.--The term "Federal spending limit" means with respect to a fiscal year, outlays not exceeding 20 per cent of the GDP.

   Inserted: (2) GDP.--The term "GDP" means the gross domestic product for the relevant fiscal year.

   Inserted: (b) Federal Spending Limit Point of Order.--

   Inserted: (1) In general.--It shall not be in order in the Senate to consider any bill, joint resolution, amendment, or conference report that includes any provision that would exceed the Federal spending limit for such fiscal year.

   Inserted: (2) Waiver or suspension.--This subsection may be waived or suspended in the Senate only by the affirmative rollcall vote of three-fifths of the Members, duly chosen and sworn.

   Inserted: (3) Appeals.--Appeals in the Senate from the decisions of the Chair relating to any provision of this subsection 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 subsection.

   Original wording

   At the end of title III, insert the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed