To establish a deficit-neutral reserve fund for legislation that requires financial regulators to conduct rigorous cost-benefit analyses on all proposed rules.

SA 340. Mr. SHELBY (for himself and Mr. Inhofe) submitted an
amendment intended to be proposed by him to the concurrent resolution
S. Con. Res. 8, setting forth the congressional budget for the United
States Government for fiscal year 2014, revising the appropriate
budgetary levels for fiscal year 2013, and setting forth the
appropriate budgetary levels for fiscal years 2015 through 2023; which
was ordered to lie on the table; as follows:

At the end of title III, add the following:

SEC. 3__. DEFICIT-NEUTRAL RESERVE FUND TO REQUIRE FINANCIAL
REGULATORS TO CONDUCT RIGOROUS COST-BENEFIT
ANALYSES ON ALL PROPOSED RULES.

The Chairman of the Senate Committee on the Budget may
revise the allocations of a committee or committees,
aggregates, and other appropriate levels in this resolution
for one or more bills, joint resolutions, amendments,
amendments between the Houses, motions, or conference reports
that relate to the finalization of rules with positive cost-
benefit analyses promulgated by a financial regulator,
including the Board of Governors of the Federal Reserve
System, the Bureau of Consumer Financial Protection, the
Commodity Futures Trading Commission, the Federal Deposit
Insurance Corporation, the Federal Housing Finance Agency,
the Financial Stability Oversight Council, the Office of the
Comptroller of the Currency, the Office of Financial
Research, the National Credit Union Administration, and the
Securities and Exchange Commission, by the amounts provided
in such legislation for that purpose, provided that such
legislation would not increase the deficit over either the
period of the total of fiscal years 2013 through 2018 or the
period of the total of fiscal years 2013 through 2023.
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