S.Amdt. 612

SA 612. Mr. COBURN submitted an amendment intended to be proposed to
amendmdent SA 602 proposed by Mr. Reid to the joint resolution H.J.
Res. 66, approving the renewal of import restrictions contained in the
Burmese Freedom and Democracy Act of 2003; which was ordered to lie on
the table; as follows:

At the appropriate place insert the following:

SEC. ___. RESCISSION OF UNSPENT FEDERAL FUNDS TO OFFSET
INCREASE IN SPENDING.

(a) In General.--Notwithstanding any other provision of
law, of all available unobligated funds, $28,000,000,000 in
appropriated discretionary funds are hereby rescinded.
(b) Implementation.--The Director of the Office of
Management and Budget shall determine and identify from which
appropriation accounts the rescission under subsection (a)
shall apply and the amount of such rescission that shall
apply to each such account. Not later than 60 days after the
date of the enactment of this Act, the Director of the Office
of Management and Budget shall submit a report to the
Secretary of the Treasury and Congress of the accounts and
amounts determined and identified for rescission under the
preceding sentence.
(c) Exception.--This section shall not apply to the
unobligated funds of the Department of Defense, the
Department of Veterans Affairs, or the Social Security
Administration.
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