[Congressional Record (Bound Edition), Volume 156 (2010), Part 15]
[Senate]
[Page 23502]
[From the U.S. Government Publishing Office, www.gpo.gov]




                       OMNIBUS TRADE ACT OF 2010

  Mr. BROWN of Ohio. Mr. President, I thank the Republican leader for 
his willingness to let us move on this UC.
  I ask unanimous consent the Senate proceed to the immediate 
consideration of H.R. 6517, which was received from the House and is at 
the desk.
  The PRESIDING OFFICER. The clerk will report the bill by title.
  The legislative clerk read as follows:

       A bill (H.R. 6517) to extend trade adjustment assistance 
     and certain trade preference programs, to amend the 
     Harmonized Tariff Schedule of the United States to modify 
     temporarily certain rates of duty, and for other purposes.

  There being no objection, the Senate proceeded to consider the bill.
  Mr. CONRAD. This is the Statement of Budgetary Effects of PAYGO 
Legislation for H.R. 6517, as amended.

       Total Budgetary Effects of H.R. 6517 for the 5-year 
     Statutory PAYGO Scorecard: net decrease in the deficit of 
     $2.208 billion.
       Total Budgetary Effects of H.R. 6517 for the 10-year 
     Statutory PAYGO Scorecard: net decrease in the deficit of 
     $450 billion.

  Also submitted for the Record as part of this statement is a table 
prepared by the Congressional Budget Office, which provides additional 
information on the budgetary effects of this act, as follows:

 CBO ESTIMATE OF THE STATUTORY PAY-AS-YOU-GO EFFECTS FOR THE SENATE AMENDMENT IN THE NATURE OF A SUBSTITUTE TO H.R. 6517, THE OMNIBUS TRADE ACT OF 2010,
                                                       AS TRANSMITTED TO CBO ON DECEMBER 22, 2010
                                                          [Millions of dollars, by fiscal year]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                          2011     2012     2013     2014      2015      2016     2017     2018     2019     2020   2011-2015  2011-2020
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                       Net Increase or Decrease (-) in the Deficit
 
Statutory Pay-As-You-Go Impact........      122      115       25        5     -2,475    2,475        0        0        0     -717      -2208      -450
--------------------------------------------------------------------------------------------------------------------------------------------------------
Note: Components may not sum to totals because of rounding.
Source: Congressional Budget Office and staff of the Joint Committee on Taxation.

  Mr. BROWN of OHIO. Mr. President, I ask unanimous consent that the 
Brown amendment, which is at the desk, be agreed to; the bill, as 
amended, be read a third time and passed; the motions to reconsider be 
laid on the table, with no intervening action or debate, and any 
statements related to the bill be printed in the Record.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The amendment (No. 4924) was agreed to.
  (The amendment is printed in today's Record under ``Text of 
Amendments.'')
  The amendment was ordered to be engrossed and the bill to be read a 
third time. The bill (H.R. 6517), as amended, was read the third time, 
and passed.
  Mr. BROWN of Ohio. Mr. President, in light of the generosity of the 
Republican leader and the assistant majority leader, 30 seconds.
  This agreement among Senator Casey, Senator Kyl, Senator McCain, and 
me will make a difference in restoring TAA, trade adjustment, and the 
health care tax credit, in addition to the Andean trade references and 
some other things that will make a difference.
  It will make a difference. It will mean that 50,000 people don't lose 
their health insurance the first of the year. I am appreciative of all 
who have been part of this.
  I will yield to Senator Casey for a moment. I thank the leaders for 
their generosity.
  Mr. CASEY. Mr. President, I thank Senator Brown, as well as Senators 
McCain and Kyl, for entering into this agreement. It extends this for a 
short period of time. It is important as it relates to manufacturing 
jobs in a State such as ours, where we have lost over 200,000 in less 
than a decade. I am sure that number corresponds to other States' 
losses. We are grateful for this extension. We have more work to do.
  The PRESIDING OFFICER. The Republican leader is recognized.

                          ____________________