S.Amdt. 1814Senate117th Congress (2021-2023)2nd degree

S.Amdt. 1814

Sponsored by Jack ReedSen. Jack Reed (D-RI)
Submitted May 20, 2021

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Senate amendment submitted

May 20, 2021

Text

Submitted

SA 1814. Mr. REED submitted an amendment intended to be proposed to
amendment SA 1502 proposed by Mr. Schumer to the bill S. 1260, to
establish a new Directorate for Technology and Innovation in the
National Science Foundation, to establish a regional technology hub
program, to require a strategy and report on economic security,
science, research, innovation, manufacturing, and job creation, to
establish a critical supply chain resiliency program, and for other
purposes; which was ordered to lie on the table; as follows:

[[Page S3256]]

On page 347, strike lines 2 and 3 and insert the
following:

economy of the United States.'';
(2) in subsection (a), by adding at the end the following:
``(6) Taxpayer protections.--The Secretary may receive
warrants, options, preferred stock, debt securities, notes,
or other financial instruments issued by covered entities
that receive a financial assistance award under this
subsection which, in the sole determination of the Secretary,
provide appropriate compensation to the Federal Government
for the provision of the financial assistance award.''; and
(3) by adding at the end the following:
______