[Congressional Record Volume 156, Number 6 (Wednesday, January 20, 2010)]
[Senate]
[Page S57]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           TEXT OF AMENDMENTS

  SA 3299. Mr. BAUCUS (for Mr. Reid) proposed an amendment to the joint 
resolution H.J. Res. 45, increasing the statutory limit on the public 
debt; as follows:



 =========================== NOTE =========================== 

  
  On page S57, January 20, 2010, in the middle column, under TEXT 
OF AMENDMENTS, the official title of the joint resolution for each 
amendment is missing.
  
  The Record has been corrected to read: SA 3299. Mr. BAUCUS (for 
Mr. Reid) proposed an amendment to the joint resolution H.J. Res. 
45, increasing the statutory limit on the public debt; as follows:


 ========================= END NOTE ========================= 

       Strike all after the resolving clause and insert the 
     following: ``That subsection (b) of section 3101 of title 31, 
     United States Code, is amended by striking out the dollar 
     limitation contained in such subsection and inserting in lieu 
     thereof $14,294,000,000,000.''.
                                 ______
                                 
  SA 3300. Mr. BAUCUS proposed an amendment to amendment SA 3299 
proposed by Mr. Baucus (for Mr. Reid) to the joint resolution H.J. Res. 
45, increasing the statutory limit on the public debt; as follows:



 =========================== NOTE =========================== 

  
  On page S57, January 20, 2010, in the middle column, under TEXT 
OF AMENDMENTS, the official title of the joint resolution for each 
amendment is missing.
  
  The Record has been corrected to read: SA 3300. Mr. BAUCUS 
proposed an amendment to amendment SA 3299 proposed by Mr. Baucus 
(for Mr. Reid) to the joint resolution H.J. Res. 45, increasing 
the statutory limit on the public debt; as follows:


 ========================= END NOTE ========================= 

       At the appropriate place, insert the following:
       (__) (a) Limitation on Changes to the Social Security 
     Act.--Notwithstanding any other provision of law, it shall 
     not be in order in the Senate or the House of Representatives 
     to consider any bill or resolution pursuant to any expedited 
     procedure to consider the recommendations of a Task Force for 
     Responsible Fiscal Action or other commission that contains 
     recommendations with respect to the old-age, survivors, and 
     disability insurance program established under title II of 
     the Social Security Act.
       (b) Waiver.--This section may be waived or suspended in the 
     Senate only by the affirmative vote of three-fifths of the 
     Members, duly chosen and sworn.
       (c) Appeals.--An affirmative vote of three-fifths of the 
     Members of the Senate, duly chosen and sworn, shall be 
     required in the Senate to sustain an appeal of the ruling of 
     the Chair on a point of order raised under this section.
                                 ______
                                 
  SA 3301. Mr. THUNE (for himself, Mr. Vitter, Mr. Inhofe, Mr. Johanns, 
Mrs. Hutchison, Mr. Brownback, Mr. LeMieux, Mr. Burr, Mr. Enzi, Mr. 
Coburn, Mr. Barrasso, Mr. Bennett, Ms. Snowe, Mr. Grassley, Mr. Ensign, 
Mr. Crapo, Mr. Wicker, Mr. Bunning, Mr. Graham, and Mr. Cornyn) 
proposed an amendment to amendment SA 3299 proposed by Mr. Baucus (for 
Mr. Reid) to the joint resolution H.J. Res. 45, increasing the 
statutory limit on the public debt; as follows:



 =========================== NOTE =========================== 

  
  On page S57, January 20, 2010, in the middle column, under TEXT 
OF AMENDMENTS, the official title of the joint resolution for each 
amendment is missing.
  
  The Record has been corrected to read: SA 3301. Mr. THUNE 
proposed an amendment to amendment SA 3299 proposed by Mr. Baucus 
(for Mr. Reid) to the joint resolution H.J. Res. 45, increasing 
the statutory limit on the public debt; as follows:


 ========================= END NOTE ========================= 

       At the appropriate place, insert the following:

     SEC. __. REPEAL OF THE TROUBLED ASSET RELIEF PROGRAM.

       (a) In General.--Notwithstanding any other provision of 
     law, the authorities provided under section 101(a) of the 
     Emergency Economic Stabilization Act of 2008 (excluding 
     section 101(a)(3)) and under section 102 of such Act shall 
     terminate on the date of enactment of this resolution.
       (b) Lowering of National Debt Limit To Correspond to TARP 
     Repayments.--Section 3101 of title 31, United States Code, is 
     amended--
       (1) in subsection (b), by inserting after the dollar 
     limitation contained in such subsection the following: ``, as 
     such amount is reduced by the amount described under 
     subsection (d)''; and
       (2) by adding at the end the following new subsection:
       ``(d) The amount described under this subsection is the 
     amount that equals the amount of all assistance received 
     under title I of the Emergency Economic Stabilization Act of 
     2008 that is repaid on or after the date of enactment of this 
     subsection, along with any dividends, profits, or other funds 
     paid to the Government based on such assistance on or after 
     the date of enactment of this subsection.''.

                          ____________________