To establish a deficit-neutral reserve fund to facilitate the criminal prosecutions of financial institutions operating in the United States, regardless of size.
What it does: Adds SEC. 3__. DEFICIT-NEUTRAL RESERVE FUND TO ENSURE NO FINANCIAL INSTITUTION IS ABOVE THE LAW REGARDLESS OF SIZE at the end of title III
Sen. Jeff Merkley (D-OR)What it changes
1 change to S.Con.Res. 8 · shown in the resolution's text
Adds SEC. 3__. DEFICIT-NEUTRAL RESERVE FUND TO ENSURE NO FINANCIAL INSTITUTION IS ABOVE THE LAW REGARDLESS OF SIZE 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. 3__. DEFICIT-NEUTRAL RESERVE FUND TO ENSURE NO FINANCIAL INSTITUTION IS ABOVE THE LAW REGARDLESS OF SIZE.
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 criminal liability of a financial institution operating in the United States, which may include measures to address the criminal prosecution of a large financial institution operating in the United States or executives of a large financial institution operating in the United States, including for wrongdoing relating to money laundering or violation of sanctions laws, 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:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 696. Mr. MERKLEY (for himself, Mr. Grassley, Mr. Sanders, Ms. Warren, Mr. Heller, Mr. Tester, Mr. Cornyn, Mr. Shelby, Mr. Begich, and Mr. Levin) 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; as follows:
At the end of title III, add the following:
SEC. 3__. DEFICIT-NEUTRAL RESERVE FUND TO ENSURE NO FINANCIAL INSTITUTION IS ABOVE THE LAW REGARDLESS OF SIZE.
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 criminal liability of a financial institution operating in the United States, which may include measures to address the criminal prosecution of a large financial institution operating in the United States or executives of a large financial institution operating in the United States, including for wrongdoing relating to money laundering or violation of sanctions laws, 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 696 agreed to in Senate by Voice Vote.
March 23, 2013
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Senate amendment agreed to: Amendment SA 696 agreed to in Senate by Voice Vote.
March 23, 2013
Amendment SA 696 agreed to in Senate by Voice Vote.
March 23, 2013
Senate amendment submitted
March 22, 2013
Senate amendment proposed (on the floor): Amendment SA 696 proposed by Senator Murray for Senator Merkley.(consideration: CR S2296-2301; text: CR S2297)
March 22, 2013
Amendment SA 696 proposed by Senator Murray for Senator Merkley. (consideration: CR S2296-2301; text: CR S2297) To establish a deficit-neutral reserve fund to facilitate the criminal prosecutions of financial institutions operating in the United States, regardless of size.
March 22, 2013