S.Amdt. 1504

SA 1504. Mr. WELCH submitted an amendment intended to be proposed by
him to the concurrent resolution H. Con. Res. 14, establishing the
congressional budget for the United States Government for fiscal year
2025 and setting forth the appropriate budgetary levels for fiscal
years 2026 through 2034; 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 PROMOTING
INNOVATION, DOMESTIC JOB CREATION, AND UNITED
STATES COMPETITIVENESS.

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
promoting innovation, domestic job creation, and United
States competitiveness, which may include prohibiting
recissions to Federal programs established through the Act
entitled ``An Act making appropriations for Legislative
Branch for the fiscal year ending September 30, 2022, and for
other purposes'' (Public Law 117-167; 136 Stat. 1366)
(commonly known as the ``CHIPS and Science Act of 2022''),
such as the Regional Technology and Innovation Hubs Program,
and incentives and investments related to on-shoring domestic
semiconductor production administered by the Department of
Commerce, by the amounts provided in such legislation for
those purposes, provided that such legislation would not
increase the deficit over the period of the total of fiscal
years 2025 through 2034.
______