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TEXT OF AMENDMENTS
(Senate - May 24, 2012)

Text of this article available as:
        


[Pages S3640-S3641]
                           TEXT OF AMENDMENTS

  SA 2153. Mr. ALEXANDER (for himself, Mr. McConnell, Mr. Enzi, Mr. 
Barrasso, Mr. Blunt, Mr. Coats, Mr. Cochran, Mr. Cornyn, Mr. Heller, 
Mr. Inhofe, Mr. Isakson, Mr. Johanns, Mr. Roberts, Mrs. Hutchison, Mr. 
Rubio, Ms. Ayotte, and Mr. Hoeven) submitted an amendment intended to 
be proposed by him to the bill S. 2343, to amend the Higher Education 
Act of 1965 to extend the reduced interest rate for Federal Direct 
Stafford Loans, and for other purposes; as follows:

       Strike all after the enacting clause and insert the 
     following:

     SECTION 1. SHORT TITLE.

       This Act may be cited as the ``Interest Rate Reduction 
     Act''.

     SEC. 2. INTEREST RATE EXTENSION.

       Subparagraph (D) of section 455(b)(7) of the Higher 
     Education Act of 1965 (20 U.S.C. 1087e(b)(7)(D)) is amended--
       (1) in the matter preceding clause (i), by striking 
     ``2012'' and inserting ``2013''; and
       (2) in clause (v), by striking ``2012'' and inserting 
     ``2013''.

[[Page S3641]]

     SEC. 3. REPEALING PREVENTION AND PUBLIC HEALTH FUND.

       (a) In General.--Section 4002 of the Patient Protection and 
     Affordable Care Act (42 U.S.C. 300u 11) is repealed.
       (b) Rescission of Unobligated Funds.--Of the funds made 
     available by such section 4002, the unobligated balance is 
     rescinded.

     SEC. 4. COMPLIANCE WITH STATUTORY PAY-AS-YOU-GO ACT OF 2010.

       The budgetary effects of this Act, for the purpose of 
     complying with the Statutory Pay-As-You-Go Act of 2010, shall 
     be determined by reference to the latest statement titled 
     ``Budgetary Effects of PAYGO Legislation'' for this Act, 
     submitted for printing in the Congressional Record by the 
     Chairman of the Senate Budget Committee, provided that such 
     statement has been submitted prior to the vote on passage.
                                 ______
                                 
  SA 2154. Mr. REID (for Mr. Johnson of South Dakota) proposed an 
amendment to the bill H.R. 5740, to extend the National Flood Insurance 
Program, and for other purposes; as follows:

       Strike all after the enacting clause and insert the 
     following:

     SECTION 1. EXTENSION OF THE NATIONAL FLOOD INSURANCE PROGRAM.

       (a) Program Extension.--Section 1319 of the National Flood 
     Insurance Act of 1968 (42 U.S.C. 4026) is amended by striking 
     ``the earlier of the date of the enactment into law of an Act 
     that specifically amends the date specified in this section 
     or May 31, 2012'' and inserting ``July 31, 2012''.
       (b) Financing.--Section 1309(a) of the National Flood 
     Insurance Act of 1968 (42 U.S.C. 4016(a)) is amended by 
     striking ``the earlier of the date of the enactment into law 
     of an Act that specifically amends the date specified in this 
     section or May 31, 2012'' and inserting ``July 31, 2012''.

     SEC. 2. EXCLUSION OF VACATION HOMES AND SECOND HOMES FROM 
                   RECEIVING SUBSIDIZED PREMIUM RATES.

       (a) In General.--Section 1307(a)(2) of the National Flood 
     Insurance Act of 1968 (42 U.S.C. 4014(a)(2)) is amended by 
     inserting before ``; and'' the following: ``, except that the 
     Administrator shall not estimate rates under this paragraph 
     for any residential property which is not the primary 
     residence of an individual''.
       (b) Phase-out of Subsidized Premium Rates.--Section 1308(e) 
     of the National Flood Insurance Act of 1968 (42 U.S.C. 
     4015(e)) is amended--
       (1) by striking ``under this title for any properties 
     within any single'' and inserting the following: ``under this 
     title for--
       ``(1) any properties within any single''; and
       (2) by striking the period at the end and inserting the 
     following: ``; and
       ``(2) any residential properties which are not the primary 
     residence of an individual, as described in section 
     1307(a)(2), shall be increased by 25 percent each year, until 
     the average risk premium rate for such properties is equal to 
     the average of the risk premium rates for properties 
     described under paragraph (1).''.
       (c) Effective Date.--The first increase in chargeable risk 
     premium rates for residential properties which are not the 
     primary residence of an individual under section 1308(e)(2) 
     of the National Flood Insurance Act of 1968, as added by this 
     Act, shall take effect on July 1, 2012, and the chargeable 
     risk premium rates for such properties shall be increased by 
     25 percent each year thereafter, as provided in such section 
     1308(e)(2).

     SEC. 3. COMPLIANCE WITH PAYGO.

       The budgetary effects of this Act, for the purpose of 
     complying with the Statutory Pay-As-You-Go Act of 2010, shall 
     be determined by reference to the latest statement titled 
     ``Budgetary Effects of PAYGO Legislation'' for this Act, 
     submitted for printing in the Congressional Record by the 
     Chairman of the Senate Budget Committee, provided that such 
     statement has been submitted prior to the vote on passage.
                                 ______
                                 
  SA 2155. Mr. REID (for Mr. Levin) proposed an amendment to the bill 
S. 739, to authorize the Architect of the Capitol to establish battery 
recharging stations for privately owned vehicles in parking areas under 
the jurisdiction of the Senate at no net cost to the Federal 
Government; as follows:

       On page 4, strike lines 14 through 19, and insert the 
     following:
       (e) Reports.--
       (1) In general.--Not later than 30 days after the end of 
     each fiscal year, the Architect of the Capitol shall submit a 
     report on the financial administration and cost recovery of 
     activities under this section with respect to that fiscal 
     year to the Committee on Rules and Administration of the 
     Senate.
       (2) Avoiding subsidy.--
       (A) Determination.--Not later than 3 years after the date 
     of enactment of this Act and every 3 years thereafter, the 
     Architect of the Capitol shall submit a report to the 
     Committee on Rules and Administration of the Senate 
     determining whether Senators and covered employees using 
     battery charging stations as authorized by this Act are 
     receiving a subsidy from the taxpayers.
       (B) Modification of rates and fees.--If a determination is 
     made under subparagraph (A) that a subsidy is being received, 
     the Architect of the Capital shall submit a plan to the 
     Committee on Rules and Administration of the Senate on how to 
     update the program to ensure no subsidy is being received. If 
     the committee does not act on the plan within 60 days, the 
     Architect of the Capitol shall take appropriate steps to 
     increase rates or fees to ensure reimbursement for the cost 
     of the program consistent with an appropriate schedule for 
     amortization, to be charged to those using the charging 
     stations.

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