S.Amdt. 226
What it does: Adds SEC. ___. PAYGO AND TRUST FUNDS at the end of title V
Sen. John Thune (R-SD)What it changes
1 change to S. 493 · shown in the bill's text
Adds SEC. ___. PAYGO AND TRUST FUNDS at the end of title V
Adds a sectionIn S. 493 · Reported to Senate
"(mm) Competitive Selection Procedures for SBIR and STTR Programs.--All funds awarded, appropriated, or otherwise made available in accordance with subsection (f) or (n) must be awarded pursuant to competitive and merit-based selection procedures.".
Inserted: SEC. ___. PAYGO AND TRUST FUNDS.
Inserted: (a) In General.--Any increase in revenues or reduced spending in a Federal trust fund resulting from a bill, amendment, resolution, motion, or conference report shall--
Inserted: (1) not be counted for purposes of offsetting revenues, receipts, or discretionary spending under the Congressional Budget Act of 1974 or the Statutory Pay-As-You-Go Act of 2010; and
Inserted: (2) only be used for the purposes of the Federal trust as provided by law.
Inserted: (b) Intergovernmental Transfers.--Nothing in this section shall impact intergovernmental lending from a Federal trust fund to annual government operations.
Original wording
At the end of title V, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 226. Mr. THUNE submitted an amendment intended to be proposed by him to the bill S. 493, to reauthorize and improve the SBIR and STTR programs, and for other purposes; which was ordered to lie on the table; as follows:
At the end of title V, insert the following:
SEC. ___. PAYGO AND TRUST FUNDS.
(a) In General.--Any increase in revenues or reduced spending in a Federal trust fund resulting from a bill, amendment, resolution, motion, or conference report shall--
(1) not be counted for purposes of offsetting revenues, receipts, or discretionary spending under the Congressional Budget Act of 1974 or the Statutory Pay-As-You-Go Act of 2010; and
(2) only be used for the purposes of the Federal trust as provided by law.
(b) Intergovernmental Transfers.--Nothing in this section shall impact intergovernmental lending from a Federal trust fund to annual government operations.
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Senate amendment submitted
March 15, 2011