S.Amdt. 296
What it does: Adds SEC. ___. INCLUSION OF APPLICATION TO INDEPENDENT REGULATORY AGENCIES at the end of S.Amdt. 186
Sen. Rob Portman (R-OH)What it changes
1 change to S.Amdt. 186 · shown in S.Amdt. 186's text
Adds SEC. ___. INCLUSION OF APPLICATION TO INDEPENDENT REGULATORY AGENCIES at the end of S.Amdt. 186
Adds a sectionIn S.Amdt. 186 as proposed
(2) with full recognition of the constitutional right of either House to change the rules (so far as they relate to the procedure of that House) at any time, in the same manner, and to the same extent as in the case of any other rule of that House.
Inserted: SEC. ___. INCLUSION OF APPLICATION TO INDEPENDENT REGULATORY AGENCIES.
Inserted: (a) In General.--Section 421(1) of the Congressional Budget and Impoundment Control Act of 1974 (2 U.S.C. 658(1)) is amended by striking ", but does not include independent regulatory agencies".
Inserted: (b) Exemption for Monetary Policy.--The Unfunded Mandates Reform Act of 1995 (2 U.S.C. 1501 et seq.) is amended by inserting after section 5 the following:
Inserted: "SEC. 6. EXEMPTION FOR MONETARY POLICY.
Inserted: "Nothing in title II, III, or IV shall apply to rules that concern monetary policy proposed or implemented by the Board of Governors of the Federal Reserve System or the Federal Open Market Committee.".
Original wording
At the end, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 296. Mr. PORTMAN submitted an amendment intended to be proposed to amendment SA 186 proposed by Mr. Cornyn 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, add the following:
SEC. ___. INCLUSION OF APPLICATION TO INDEPENDENT REGULATORY AGENCIES.
(a) In General.--Section 421(1) of the Congressional Budget and Impoundment Control Act of 1974 (2 U.S.C. 658(1)) is amended by striking “, but does not include independent regulatory agencies”.
(b) Exemption for Monetary Policy.--The Unfunded Mandates Reform Act of 1995 (2 U.S.C. 1501 et seq.) is amended by inserting after section 5 the following:
“SEC. 6. EXEMPTION FOR MONETARY POLICY.
“Nothing in title II, III, or IV shall apply to rules that concern monetary policy proposed or implemented by the Board of Governors of the Federal Reserve System or the Federal Open Market Committee.”.
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Senate amendment submitted
April 14, 2011