[Congressional Record Volume 171, Number 34 (Thursday, February 20, 2025)]
[Senate]
[Page S1279]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 1065. Ms. WARREN submitted an amendment intended to be proposed by
her 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 HIRING
ADDITIONAL BANK EXAMINERS IN RESPONSE TO THE
UNDERSTAFFING ISSUES THAT CONTRIBUTED TO THE
FAILURES OF SILICON VALLEY BANK, SIGNATURE
BANK, AND FIRST REPUBLIC BANK.
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 hiring
additional bank examiners in response to the understaffing
issues that contributed to the failures of Silicon Valley
Bank, Signature Bank, and First Republic Bank, 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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