[Congressional Record Volume 167, Number 20 (Wednesday, February 3, 2021)]
[Senate]
[Page S397]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 477. Mr. CASSIDY 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 ENSURING 
                   THAT THE FEDERAL REVIEW OF FEDERAL OIL AND GAS 
                   LEASING, PERMITTING, AND PRODUCTION DOES NOT 
                   RESULT IN AN ECONOMIC SUBSTITUTION EFFECT THAT 
                   INCREASES GREENHOUSE GAS EMISSIONS OVERSEAS.

       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 
     ensuring that the Federal review of Federal oil and gas 
     leasing, permitting, and production does not result in an 
     economic substitution effect that increases greenhouse gas 
     emissions overseas 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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