S.Amdt. 677Senate117th Congress (2021-2023)

S.Amdt. 677

Sponsored by Tim ScottSen. 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.
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