[Congressional Record Volume 161, Number 51 (Thursday, March 26, 2015)]
[Senate]
[Page S2071]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1043. Mr. SCHUMER (for himself, Mr. Wyden, Mr. Durbin, Mrs. 
Murray, Ms. Stabenow, Mr. Brown, Mr. Casey, Mr. Menendez, Mr. 
Whitehouse, and Mr. Cardin) submitted an amendment intended to be 
proposed by him to the concurrent resolution S. Con. Res. 11, setting 
forth the congressional budget for the United States Government for 
fiscal year 2016 and setting forth the appropriate budgetary levels for 
fiscal years 2017 through 2025; which was ordered to lie on the table; 
as follows:

       At the appropriate place, insert the following:

     SEC. ___. DEFICIT-NEUTRAL RESERVE FUND RELATING TO EXPANDING 
                   AND MAKING PERMANENT THE AMERICAN OPPORTUNITY 
                   TAX CREDIT.

       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 
     for one or more bills, joint resolutions, amendments, 
     amendments between the Houses, motions, or conference reports 
     relating to education tax benefits and the American 
     opportunity tax credit, which may include increasing the 
     maximum annual amount of credit allowed, increasing the 
     income thresholds for phasing out the credit, adjustments to 
     lifetime limitations on the credit, increasing refundability 
     of the credit, and excluding amounts received as Pell Grants 
     from income, 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 2016 through 2020 or the period of the total of 
     fiscal years 2016 through 2025.
                                 ______