S.Amdt. 3327

SA 3327. Mr. SASSE (for himself, Mr. Toomey, and Mr. Lankford)
submitted an amendment intended to be proposed by him to the concurrent
resolution S. Con. Res. 14, setting forth the congressional budget for
the United States Government for fiscal year 2022 and setting forth the
appropriate budgetary levels for fiscal years 2023 through 2031; 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 RELATING TO
SAFEGUARDING THE COMPETITIVENESS OF AMERICAN
COMPANIES AGAINST CHINA.

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,
and make adjustments to the pay-as-you-go ledger, for one or
more bills, joint resolutions, amendments, amendments between
the Houses, motions, or conference reports relating to
ensuring the tax competitiveness of American businesses
against China, which may include eliminating increases in the
global minimum tax applicable to American companies under
section 250 or 951A of the Internal Revenue Code of 1986
unless China has enacted a global minimum tax applicable to
its domestic companies, 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 2022 through 2026 or the
period of the total of fiscal years 2022 through 2031.
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