S.Amdt. 458

SA 458. Mr. WICKER submitted an amendment intended to be proposed by
him to the concurrent resolution S. Con. Res. 5, setting forth the
congressional budget for the United States Government for fiscal year
2021 and setting forth the appropriate budgetary levels for fiscal
years 2022 through 2030; 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 AMERICAN
INFRASTRUCTURE BONDS.

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
providing additional Federal investment for American
infrastructure, which may include allowing State and local
governments to issue taxable bonds for any public expenditure
which would be eligible to be financed by tax-exempt bonds,
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 2021 through 2025 or the period of the total of fiscal
years 2021 through 2030.
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