S.Amdt. 677Senate117th Congress (2021-2023)
S.Amdt. 677
Sponsored by
Sen. Tim Scott (R-SC)
Submitted February 4, 2021
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Senate amendment submitted
February 4, 2021
Text
Submitted
SA 677. Mr. SCOTT of South Carolina 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 PROVIDING ACCOUNTABILITY WITH RESPECT TO THE FUNDING OF THE BUREAU OF CONSUMER FINANCIAL PROTECTION. 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 funding the Bureau of Consumer Financial Protection through the congressional appropriations process, which may include making amounts so appropriated subject to apportionment for the purposes of chapter 15 of title 31, United States Code, and revoking the authority of the Board of Governors of the Federal Reserve System to transfer funds to the Bureau, 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. ______