To provide for a deficit-neutral reserve fund to increase the borrowing authority of the Federal Deposit Insurance Corporation and the National Credit Union Administration, and for other purposes.
What it does: Adds SEC. __. DEFICIT-NEUTRAL RESERVE FUND INCREASE FDIC AND NCUA BORROWING AUTHORITY wherever appropriateAdds SEC. __. DEFICIT-NEUTRAL RESERVE FUND INCREASE FDIC AND NCUA BORROWING AUTHORITY wherever appropriate
Adds a sectionInserted: SEC. __. DEFICIT-NEUTRAL RESERVE FUND INCREASE FDIC AND NCUA BORROWING AUTHORITY.
Inserted: The chairman of the Committee on the Budget of the Senate may revise the aggregates, allocations, and other appropriate levels in this resolution for one or more bills, joint resolutions, amendments, motions, or conference reports to increase the borrowing authority of the Federal Deposit Insurance Corporation and the National Credit Union Administration, provided that such legislation does not increase the deficit over the period of the total of fiscal years 2009 through 2019.
The amendment doesn't say where this goes; the clerk decides.
Original wording
At the appropriate place, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
At the appropriate place, insert the following:
SEC. __. DEFICIT-NEUTRAL RESERVE FUND INCREASE FDIC AND NCUA BORROWING AUTHORITY.
The chairman of the Committee on the Budget of the Senate may revise the aggregates, allocations, and other appropriate levels in this resolution for one or more bills, joint resolutions, amendments, motions, or conference reports to increase the borrowing authority of the Federal Deposit Insurance Corporation and the National Credit Union Administration, provided that such legislation does not increase the deficit over the period of the total of fiscal years 2009 through 2019.
Legislative Activity
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Senate amendment submitted
April 2, 2009
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Senate amendment submitted
April 2, 2009
Senate amendment proposed (on the floor): Amendment SA 958 proposed by Senator Conrad for Senator Crapo.(consideration: CR S4281-4282; text: CR S4281)
April 2, 2009
Senate amendment agreed to: Amendment SA 958 agreed to in Senate by Unanimous Consent.
April 2, 2009
Amendment SA 958 proposed by Senator Conrad for Senator Crapo. (consideration: CR S4281-4282; text: CR S4281) To provide for a deficit-neutral reserve fund to increase the borrowing authority of the Federal Deposit Insurance Corporation and the National Credit Union Administration, and for other purposes.
April 2, 2009
Amendment SA 958 agreed to in Senate by Unanimous Consent.
April 2, 2009