[Congressional Record Volume 167, Number 20 (Wednesday, February 3, 2021)]
[Senate]
[Pages S404-S405]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 518. Ms. LUMMIS submitted an amendment intended to be proposed by 
her 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 PROVIDING 
                   FINANCIAL INNOVATION GRANTS TO STATE AND 
                   FEDERAL FINANCIAL REGULATORS.

       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 
     providing financial innovation grants to State and Federal 
     financial regulators, including regulators who already have 
     offices or working groups focused on innovation, for the 
     purposes of studying emerging uses of technology in banking, 
     consumer protection, capital markets, consumer finance, 
     trade, which may include financial inclusion, market 
     surveillance distributed ledger technology, reducing 
     settlement times and risk in capital markets, digital assets, 
     implementation of a central bank digital currency, anti-money 
     laundering or Bank Secrecy Act enforcement, and faster

[[Page S405]]

     payments 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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