To limit the amount that may be deducted from proceeds due to the United States under the False Claims Act for purposes of compensating private intervenors to the greater of $50,000,000 or 300 percent of the expenses and costs of the intervenor.

SA 986. Mr. KYL submitted an amendment intended to be proposed by him
to the bill S. 386, to improve enforcement of mortgage fraud,
securities fraud, financial institution fraud, and other frauds related
to federal assistance and relief programs, for the recovery of funds
lost to these frauds, and for other purposes; as follows:

On page 26, after line 22, insert the following:

SEC. 5. LIMITATION ON AWARDS TO CERTAIN INTERVENORS.

Section 3730(d) of title 31, United States Code, is
amended--
(1) in paragraph (1)--
(A) in the first sentence, by inserting ``but in no event
more than the greater of $50,000,000 or 300 percent of the
expenses, fees, and costs awarded to such person under the
fourth sentence of this paragraph'' after ``prosecution of
the action''; and
(B) in the second sentence--
(i) by striking ``Government Accounting Office'' and
inserting ``Government Accountability Office'';
(ii) by inserting ``but in no event more than the greater
of $50,000,000 or 300 percent of the expenses, fees, and
costs awarded to such person under the fourth sentence of
this paragraph'' after ``advancing the case to litigation'';
and
(2) in paragraph (2), by striking the second sentence and
inserting ``The amount, which shall be paid out of the
proceeds of the action or settlement, shall be not less than
25 percent and not more than 30 percent of the amount of such
proceeds, but in no event more than the greater of
$50,000,000 or 300 percent of the expenses, fees, and costs
awarded to such person under the third sentence of this
paragraph''.
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