To establish a deficit-neutral reserve fund relating to sanctions with respect to Iran.
What it does: Adds SEC. 332. DEFICIT-NEUTRAL RESERVE FUND RELATING TO SANCTIONS WITH RESPECT TO IRAN at the end of title III
Sen. Mark Kirk (R-IL)What it changes
1 change to S.Con.Res. 8 · shown in the resolution's text
Adds SEC. 332. DEFICIT-NEUTRAL RESERVE FUND RELATING TO SANCTIONS WITH RESPECT TO IRAN at the end of title III
Adds a sectionIn S.Con.Res. 8 · Placed on Calendar Senate
The Chairman of the Committee on the Budget of the Senate 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, motions, or conference reports that would reduce inefficient overlap, improve access, and enhance outcomes with Federal workforce development, job training, and reemployment programs, by the amounts provided in such legislation for those purposes, 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.
Inserted: SEC. 332. DEFICIT-NEUTRAL RESERVE FUND RELATING TO SANCTIONS WITH RESPECT TO IRAN.
Inserted: The Chairman of the Committee on the Budget of the Senate 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 relating to Iran, which may include efforts to clarify that the clearance and settlement of euro-denominated transactions through European Union financial institutions may not result in the evasion of or otherwise undermine the impact of sanctions imposed with respect to Iran by the United States and the European Union (including provisions designed to strictly limit the access of the Government of Iran to its foreign exchange reserves and the facilitation of transactions on behalf of sanctioned entities), by the amounts provided in such legislation for those purposes, 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.
Original wording
At the end of title III, add the following:
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As printed
SA 671. Mr. KIRK (for himself, Mr. Manchin, Mr. Menendez, Mr. Johnson of South Dakota, Mr. Heller, Mr. Rubio, Mr. Cardin, Mr. Casey, Mr. Merkley, and Mr. Coons) proposed an amendment 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; as follows:
At the end of title III, add the following:
SEC. 332. DEFICIT-NEUTRAL RESERVE FUND RELATING TO SANCTIONS WITH RESPECT TO IRAN.
The Chairman of the Committee on the Budget of the Senate 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 relating to Iran, which may include efforts to clarify that the clearance and settlement of euro-denominated transactions through European Union financial institutions may not result in the evasion of or otherwise undermine the impact of sanctions imposed with respect to Iran by the United States and the European Union (including provisions designed to strictly limit the access of the Government of Iran to its foreign exchange reserves and the facilitation of transactions on behalf of sanctioned entities), by the amounts provided in such legislation for those purposes, 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.
Legislative Activity
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Senate amendment agreed to: Amendment SA 671 agreed to in Senate by Unanimous Consent.
March 23, 2013
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Senate amendment agreed to: Amendment SA 671 agreed to in Senate by Unanimous Consent.
March 23, 2013
Senate amendment proposed (on the floor): Amendment SA 671 proposed by Senator Kirk.(consideration: CR S2308-2311; text: CR S2309)
March 23, 2013
Amendment SA 671 proposed by Senator Kirk. (consideration: CR S2308-2311; text: CR S2309) To establish a deficit-neutral reserve fund relating to sanctions with respect to Iran.
March 23, 2013
Amendment SA 671 agreed to in Senate by Unanimous Consent.
March 23, 2013
Senate amendment submitted
March 22, 2013