[Congressional Record Volume 167, Number 145 (Tuesday, August 10, 2021)]
[Senate]
[Page S6387]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3621. Mr. SASSE submitted an amendment intended to be proposed by 
him to the concurrent resolution S. Con. Res. 14, setting forth the 
congressional budget for the United States Government for fiscal year 
2022 and setting forth the appropriate budgetary levels for fiscal 
years 2023 through 2031; 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 FEDERAL TAX LAWS DO NOT HARM AMERICAN 
                   COMPETITIVENESS BASED ON A POLITICAL PROMISE BY 
                   THE CHINESE COMMUNIST PARTY.

       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 
     preserving the global competitiveness of American businesses, 
     which may include eliminating any increase in the global 
     minimum tax applicable to American companies under section 
     250 or 951A of the Internal Revenue Code of 1986 which (as 
     determined by the Joint Committee on Taxation) is based on a 
     political promise from the Chinese Communist Party that China 
     will meet the terms of the ``Inclusive Framework on Base 
     Erosion and Profit Shifting'' established by the Organisation 
     for Economic Co-operation and Development and the Group of 
     Twenty, 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 2022 through 2026 or the period of the total of fiscal 
     years 2022 through 2031.
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