[Congressional Record Volume 167, Number 21 (Thursday, February 4, 2021)]
[Senate]
[Pages S518-S519]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 673. Mr. SCOTT of South Carolina 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 ATTACKS 
                   ON STATE-BASED INSURANCE REGULATORY REGIMES.

       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

[[Page S519]]

     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 limiting the Department of the Treasury and the 
     Federal financial regulators from imposing European-style 
     international insurance capital standards or otherwise 
     undermining the unique State-based insurance regulatory 
     system in the United States 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.
                                 ______