S.Amdt. 674

SA 674. Mr. VITTER (for himself and Mr. Brown) 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 appropriate place insert the following:

SEC.___. DEFICIT-NEUTRAL RESERVE FUND TO END “TOO BIG TO FAIL” SUBSIDIES OR FUNDING ADVANTAGE FOR WALL STREET MEGA-BANKS (OVER $500 BILLION IN TOTAL ASSETS).

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 houses, motions, or conference reports related to funding subsidies received by bank holding companies with over $500,000,000,000 in total assets, which may include elimination of any funding subsidies resulting from the perception of federal assistance to prevent receivership, or any funding subsidies resulting from the perception of federal assistance to facilitate exit from receivership, or to realign market incentives to protect the taxpayer, except in the case of Federal assistance provided in response to a natural disaster, without raising new revenue, 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 2014 through 2018 or the period of the total of fiscal years 2014 through 2023.