S.Amdt. 732
What it does: Adds SEC. ___. INCLUSION OF APPLICATION TO INDEPENDENT REGULATORY AGENCIES wherever appropriate
Sen. Rob Portman (R-OH)What it changes
1 change to S. 1619
Adds SEC. ___. INCLUSION OF APPLICATION TO INDEPENDENT REGULATORY AGENCIES wherever appropriate
Adds a sectionInserted: 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.".
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
SA 732. Mr. PORTMAN submitted an amendment intended to be proposed by him to the bill S. 1619, to provide for identification of misaligned currency, require action to correct the misalignment, and for other purposes; which was ordered to lie on the table; as follows:
At the appropriate place, insert 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
October 5, 2011