[Congressional Record Volume 171, Number 34 (Thursday, February 20, 2025)]
[Senate]
[Page S1182]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 361. Mr. WELCH submitted an amendment intended to be proposed by 
him to the concurrent resolution S. Con. Res. 7, setting forth the 
congressional budget for the United States Government for fiscal year 
2025 and setting forth the appropriate budgetary levels for fiscal 
years 2026 through 2034; 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 PROMOTING 
                   INNOVATION, DOMESTIC JOB CREATION, AND UNITED 
                   STATES COMPETITIVENESS.

       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 
     promoting innovation, domestic job creation, and the 
     competitiveness of the United States, which may include 
     prohibiting recissions to Federal programs established under 
     the CHIPS Act of 2022 (Public Law 117-167; 136 Stat. 1372), 
     such as the Regional Technology and Innovation Hubs Program, 
     and incentives and investments related to onshoring domestic 
     semiconductor production administered by the Department of 
     Commerce, by the amounts provided in such legislation for 
     those purposes, provided that such legislation would not 
     increase the deficit over the period of the total of fiscal 
     years 2025 through 2034.
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