The Congressional Record is a unique source of public documentation. It started in 1873, documenting nearly all the major and minor policies being discussed and debated.
“TEXT OF AMENDMENTS” mentioning the Federal Reserve System was published in the Senate section on pages S4488-S4489 on July 11, 2011.
The publication is reproduced in full below:
TEXT OF AMENDMENTS
SA 527. Mr. HELLER submitted an amendment intended to be proposed by him to the bill S. 1323, to express the sense of the Senate on shared sacrifice in resolving the budget deficit; which was ordered to lie on the table; as follows:
At the end of the bill, add the following:
SEC. 2. CONGRESSIONAL BUDGET RESPONSIBILITY.
(a) Short Title.--This section may be cited as the
``Congressional Budget Responsibility Act of 2011''.
(b) Definition.--In this section, the term ``Member of Congress''--
(1) has the meaning given under section 2106 of title 5, United States Code; and
(2) does not include the Vice President.
(c) Timely Approval of Concurrent Resolution on the Budget.--If both Houses of Congress have not approved a concurrent resolution on the budget as described under section 301 of the Congressional Budget and Impoundment Control Act of 1974 (2 U.S.C. 632) for a fiscal year before October 1 of that fiscal year, the pay of each Member of Congress may not be paid for each day following that October 1 until the date on which both Houses of Congress approve a concurrent resolution on the budget for that fiscal year.
(d) No Pay Without Concurrent Resolution on the Budget.--
(1) In general.--Notwithstanding any other provision of law, no funds may be appropriated or otherwise be made available from the United States Treasury for the pay of any Member of Congress during any period determined by the Chairperson of the Committee on the Budget of the Senate or the Chairperson of the Committee on the Budget of the House of Representatives under subsection (e).
(2) No retroactive pay.--A Member of Congress may not receive pay for any period determined by the Chairperson of the Committee on the Budget of the Senate or the Chairperson of the Committee on the Budget of the House of Representatives under subsection (e), at any time after the end of that period.
(e) Determinations.--
(1) Senate.--
(A) Request for certifications.--On October 1 of each year, the Secretary of the Senate shall submit a request to the Chairperson of the Committee on the Budget of the Senate for certification of determinations made under subparagraph
(B)(i) and (ii).
(B) Determinations.--The Chairperson of the Committee on the Budget of the Senate shall--
(i) on October 1 of each year, make a determination of whether Congress is in compliance with subsection (d) and whether Senators may not be paid under that subsection; and
(ii) determine the period of days following each October 1 that Senators may not be paid under subsection (d); and
(iii) provide timely certification of the determinations under clauses (i) and (ii) upon the request of the Secretary of the Senate.
(2) House of representatives.--
(A) Request for certifications.--On October 1 of each year, the Chief Administrative Officer of the House of Representatives shall submit a request to the Chairperson of the Committee on the Budget of the House of Representatives for certification of determinations made under subparagraph
(B)(i) and (ii).
(B) Determinations.--The Chairperson of the Committee on the Budget of the House of Representatives shall--
(i) on October 1 of each year, make a determination of whether Congress is in compliance with subsection (d) and whether Senators may not be paid under that subsection; and
(ii) determine the period of days following each October 1 that Senators may not be paid under subsection (d); and
(iii) provide timely certification of the determinations under clauses (i) and (ii) upon the request of the Chief Administrative Officer of the House of Representatives.
(f) Effective Date.--This section shall take effect on February 1, 2013.
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SA 528. Mr. PORTMAN submitted an amendment intended to be proposed by him to the bill S. 1323, to express the sense of the Senate on shared sacrifice in resolving the budget deficit; which was ordered to lie on the table; as follows:
At the end of the bill, add the following:
SEC. 2. INCLUSION OF APPLICATION TO INDEPENDENT REGULATORY
AGENCIES.
(a) In General.--Section 421(1) of the Congressional Budget and Impoundment Control Act of 1974 (2 U.S.C. 658(1)) is amended by striking ``, but does not include independent regulatory agencies''.
(b) Exemption for Monetary Policy.--The Unfunded Mandates Reform Act of 1995 (2 U.S.C. 1501 et seq.) is amended by inserting after section 5 the following:
``SEC. 6. EXEMPTION FOR MONETARY POLICY.
``Nothing in title II, III, or IV shall apply to rules that concern monetary policy proposed or implemented by the Board of Governors of the Federal Reserve System or the Federal Open Market Committee.''.
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SA 529. Mr. REID proposed an amendment to the bill S. 1323, to express the sense of the Senate on shared sacrifice in resolving the budget deficit; as follows:
At the end, add the following new section:
SEC 2. EFFECTIVE DATE.
The provisions of this Act shall become effective 3 days after enactment.
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SA 530. Mr. REID proposed an amendment to amendment SA 529 proposed by Mr. Reid to the bill S. 1323, to express the sense of the Senate on shared sacrifice in resolving the budget deficit; as follows:
In the amendment, strike ``3'', insert ``2''.
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SA 531. Mr. REID proposed an amendment to the bill S. 1323, to express the sense of the Senate on shared sacrifice in resolving the budget deficit; as follows:
On page 2, line 10, after ``deficit'' strike all that follows and insert the following:
``(1) should require that those earning $1,000,000 or more per year make a more meaningful contribution to the deficit reduction effort; and
(2) should not end Medicare as we know it.''
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SA 532. Mr. REID proposed an amendment to amendment SA 531 proposed by Mr. Reid to the bill S. 1323, to express the sense of the Senate on shared sacrifice in resolving the budget deficit; as follows:
After ``Medicare'', strike all that follows and insert
``and Medicaid as we know it.''.
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SA 533. Mr. REID proposed an amendment to amendment SA 532 proposed by Mr. Reid to the amendment SA 531 proposed by Mr. Reid to the bill S. 1323, to express the sense of the Senate on shared sacrifice in resolving the budget deficit; as follows:
Strike ``we'' and insert ``all Americans''.
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