II
Calendar No. 411
111th CONGRESS
2d Session
S. 3421
IN THE SENATE OF THE UNITED STATES
May 25, 2010
Mr. Grassley introduced the following bill; which was read the first time
May 26, 2010
Read the second time and placed on the calendar
A BILL
To provide a temporary extension of certain programs, and for other purposes.
Short title
This Act may be cited as the
Protecting Against Indebting our
Descendants through Fully Offset Relief (PAID FOR) Temporary Extension Act of
2010
.
Extension of unemployment insurance provisions
In general
Section 4007 of the Supplemental Appropriations Act, 2008 (Public Law 110–252; 26 U.S.C. 3304 note) is amended—
by striking June 2, 2010
each place it appears and inserting July 7, 2010
;
in the heading for subsection (b)(2), by
striking june 2,
2010
and inserting july 7, 2010
; and
in subsection (b)(3), by striking
November 6, 2010
and inserting December 11,
2010
.
Section 2002(e) of the Assistance for Unemployed Workers and Struggling Families Act, as contained in Public Law 111–5 (26 U.S.C. 3304 note; 123 Stat. 438), is amended—
in paragraph (1)(B), by striking
June 2, 2010
and inserting July 7, 2010
;
in the heading for paragraph (2), by
striking june 2,
2010
and inserting july 7, 2010
; and
in paragraph (3), by striking
December 7, 2010
and inserting January 11,
2011
.
Section 2005 of the Assistance for Unemployed Workers and Struggling Families Act, as contained in Public Law 111–5 (26 U.S.C. 3304 note; 123 Stat. 444), is amended—
by striking June 2, 2010
each place it appears and inserting July 7, 2010
; and
in subsection (c), by striking
November 6, 2010
and inserting December 11,
2010
.
Section 5 of the Unemployment Compensation
Extension Act of 2008 (Public Law 110–449; 26 U.S.C. 3304 note) is amended by
striking November 6, 2010
and inserting December 11,
2010
.
Funding
Section 4004(e)(1) of the Supplemental Appropriations Act, 2008 (Public Law 110–252; 26 U.S.C. 3304 note) is amended—
in subparagraph (D), by striking
and
at the end; and
by inserting after subparagraph (E) the following:
the amendments made by section 2(a)(1) of the Protecting Against Indebting our Descendants through Fully Offset Relief (PAID FOR) Temporary Extension Act of 2010; and
.
Effective date
The amendments made by this section shall take effect as if included in the enactment of the Continuing Extension Act of 2010 (Public Law 111–157).
Extension and improvement of premium assistance for COBRA benefits
Extension of eligibility period
Subsection (a)(3)(A)
of section 3001 of division B of the American Recovery and Reinvestment Act of
2009 (Public Law 111–5), as amended by section 3(a) of the Continuing Extension
Act of 2010 (Public Law 111–157), is amended by striking May 31,
2010
and inserting June 30, 2010
.
Effective date
The amendment made by this section shall take effect as if included in the provisions of section 3001 of division B of the American Recovery and Reinvestment Act of 2009.
Increase in the Medicare physician payment update
Paragraph (10) of section 1848(d) of the Social Security Act, as added by section 1011(a) of the Department of Defense Appropriations Act, 2010 (Public Law 111–118) and as amended by section 5 of the Temporary Extension Act of 2010 (Public Law 111–144) and section 4 of the Continuing Extension Act of 2010 (Public Law 111–157), is amended—
in subparagraph (A), by striking May
31, 2010
and inserting June 30, 2010
; and
in subparagraph (B), by striking
June 1, 2010
and inserting July 1, 2010
.
Extension of use of 2009 poverty guidelines
Section 1012 of the
Department of Defense Appropriations Act, 2010 (Public Law 111–118), as amended
by section 6 of the Continuing Extension Act of 2010 (Public Law 111–157), is
amended by striking May 31, 2010
and inserting June 30,
2010
.
Extension of national flood insurance program
Extension
Section 129 of the Continuing
Appropriations Resolution, 2010 (Public Law 111–68), as amended by section 7 of
the Continuing Extension Act of 2010 (Public Law 111–157), is amended by
striking by substituting
and all that follows through the period
at the end and inserting by substituting June 30, 2010, for the date
specified in each such section.
.
Effective date
The amendments made by subsection (a) shall be considered to have taken effect on February 28, 2010.
Extension of small business loan guarantee program
Appropriation
There is appropriated, out of any funds in
the Treasury not otherwise appropriated, $60,000,000, for an additional amount
for Small Business Administration—Business Loans Program
Account
, to remain available until expended, for the cost of fee
reductions and eliminations under section 501 of division A of the American
Recovery and Reinvestment Act of 2009 (Public Law 111–5; 123 Stat. 151) and
loan guarantees under section 502 of division A of the American Recovery and
Reinvestment Act of 2009 (Public Law 111–5; 123 Stat. 152), as amended by this
section: Provided, That such costs shall be as defined in
section 502 of the Congressional Budget Act of 1974.
Extension of sunset date
Section 502(f) of division A of the
American Recovery and Reinvestment Act of 2009 (Public Law 111–5; 123 Stat.
153) is amended by striking May 31, 2010
and inserting
June 30, 2010
.
Use of stimulus funds to offset spending
The unobligated balance of each amount appropriated or made available under the American Recovery and Reinvestment Act of 2009 (Public Law 111–5) (other than under title X of division A of such Act) is rescinded pro rata such that the aggregate amount of such rescissions equals $13,000,000,000 in order to offset the net increase in spending resulting from the provisions of, and amendments made by, sections 2 through 7. The Director of the Office of Management and Budget shall report to each congressional committee the amounts so rescinded within the jurisdiction of such committee.
Determination of budgetary effects
In general
The budgetary effects of this Act, for the
purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be
determined by reference to the latest statement titled Budgetary Effects
of PAYGO Legislation
for this Act, submitted for printing in the
Congressional Record by the Chairman of the Senate Budget Committee, provided
that such statement has been submitted prior to the vote on passage.
Emergency Designation for Congressional Enforcement
In the House of Representatives, this Act, with the exception of section 4, is designated as an emergency for purposes of pay-as-you-go principles. In the Senate, this Act is designated as an emergency requirement pursuant to section 403(a) of S. Con. Res. 13 (111th Congress), the concurrent resolution on the budget for fiscal year 2010.
Emergency Designation for Statutory PAYGO
This Act, with the exception of section 4, is designated as an emergency requirement pursuant to section 4(g) of the Statutory Pay-As-You-Go Act of 2010 (Public Law 111-139; 2 U.S.C. 933(g)).
May 26, 2010
Read the second time and placed on the calendar