S.Amdt. 518

SA 518. Ms. LUMMIS submitted an amendment intended to be proposed by
her 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 PROVIDING
FINANCIAL INNOVATION GRANTS TO STATE AND
FEDERAL FINANCIAL REGULATORS.

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 financial innovation grants to State and Federal
financial regulators, including regulators who already have
offices or working groups focused on innovation, for the
purposes of studying emerging uses of technology in banking,
consumer protection, capital markets, consumer finance,
trade, which may include financial inclusion, market
surveillance distributed ledger technology, reducing
settlement times and risk in capital markets, digital assets,
implementation of a central bank digital currency, anti-money
laundering or Bank Secrecy Act enforcement, and faster

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payments 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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