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Congressional Record — Senate, S6325 (August 10, 2021)

Summary

Congressional Record, Senate, page S6325, August 10, 2021. The page prints amendments SA 3206, SA 3208, SA 3209 and SA 3211, all submitted by Tuberville to the concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2022. Printed deficit-neutral reserve fund topics include prohibiting sums in the Thrift Savings Fund from being invested in any security of an entity organized or established in the People's Republic of China, prohibiting financial regulatory agencies from taking action to address climate change, a tax credit for domestic mining or processing of critical minerals, and preserving existing step-up basis capital gains tax rules.

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“Congressional Record — Senate, S6325 (August 10, 2021).” Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/crec-crec-2021-08-10-crec-2021-08-10-pt1-pgs6325-2-d129b01183/, SHA-256 96600bd94f2b112cb7556ac2288e0667f4743cde0d71aa6c8448ad0cac775a2c.

Full text

                                             August 10, 2021                                   CONGRESSIONAL RECORD — SENATE                                                                      S6325
                                             joint resolutions, amendments, amendments                 SA 3208. Mr. TUBERVILLE sub-                          SEC. 3lll. DEFICIT-NEUTRAL RESERVE FUND
                                             between the Houses, motions, or conference                                                                                RELATING TO PRESERVING EXIST-
                                                                                                     mitted an amendment intended to be                                ING STEP-UP BASIS CAPITAL GAINS
                                             reports relating to prohibiting funds subject           proposed by him to the concurrent res-                            TAX RULES.
                                             to the requirements of the Employee Retire-
                                                                                                     olution S. Con. Res. 14, setting forth                    The Chairman of the Committee on the
                                             ment Income Security Act of 1974 (29 U.S.C.
                                                                                                     the congressional budget for the United                 Budget of the Senate may revise the alloca-
                                             1001 et seq.) from investing in any security of                                                                 tions of a committee or committees, aggre-
                                             a company organized or established in the               States Government for fiscal year 2022
                                                                                                                                                             gates, and other appropriate levels in this
                                             People’s Republic of China, by the amounts              and setting forth the appropriate budg-
                                                                                                                                                             resolution, and make adjustments to the
                                             provided in such legislation for those pur-             etary levels for fiscal years 2023                      pay-as-you-go ledger, for one or more bills,
                                             poses, provided that such legislation would             through 2031; which was ordered to lie                  joint resolutions, amendments, amendments
                                             not increase the deficit over either the pe-            on the table; as follows:                               between the Houses, motions, or conference
                                             riod of the total of fiscal years 2022 through                                                                  reports relating to preserving existing step-
                                                                                                          At the end of title III, add the following:
                                             2026 or the period of the total of fiscal years                                                                 up basis capital gains tax rules, by the
                                             2022 through 2031.                                      SEC. 3lll. DEFICIT-NEUTRAL RESERVE FUND
                                                                                                               RELATING TO PROHIBITING SUMS IN               amounts provided in such legislation for
                                                                                                               THE THRIFT SAVINGS FUND FROM                  those purposes, provided that such legisla-
                                               SA 3206. Mr. TUBERVILLE sub-                                    BEING INVESTED IN ANY SECURITY                tion would not increase the deficit over ei-
                                             mitted an amendment intended to be                                OF AN ENTITY ORGANIZED OR ES-                 ther the period of the total of fiscal years
                                             proposed by him to the concurrent res-                            TABLISHED IN THE PEOPLE’S RE-                 2022 through 2026 or the period of the total of
                                                                                                               PUBLIC OF CHINA.                              fiscal years 2022 through 2031.
                                             olution S. Con. Res. 14, setting forth
                                             the congressional budget for the United                   The Chairman of the Committee on the
                                                                                                     Budget of the Senate may revise the alloca-               SA 3211. Mr. TUBERVILLE sub-
                                             States Government for fiscal year 2022                  tions of a committee or committees, aggre-              mitted an amendment intended to be
                                             and setting forth the appropriate budg-                 gates, and other appropriate levels in this             proposed by him to the concurrent res-
                                             etary levels for fiscal years 2023                      resolution, and make adjustments to the                 olution S. Con. Res. 14, setting forth
                                             through 2031; which was ordered to lie                  pay-as-you-go ledger, for one or more bills,            the congressional budget for the United
                                             on the table; as follows:                               joint resolutions, amendments, amendments               States Government for fiscal year 2022
                                               At the end of title III, add the following:           between the Houses, motions, or conference              and setting forth the appropriate budg-
                                                                                                     reports relating to prohibiting sums in the
                                             SEC. 3lll. DEFICIT-NEUTRAL RESERVE FUND
                                                                                                     Thrift Savings Fund from being invested in
                                                                                                                                                             etary levels for fiscal years 2023
                                                       TO PROHIBIT FINANCIAL REGU-                                                                           through 2031; which was ordered to lie
                                                       LATORY AGENCIES FROM TAKING                   any security of an entity organized or estab-
                                                       ACTION   TO  ADDRESS  CLIMATE                 lished in the People’s Republic of China by             on the table; as follows:
                                                       CHANGE OR REQUIRING COMPANIES                 the amounts provided in such legislation for              At the end of title III, add the following:
                                                       TO REPORT DATA RELATED TO CLI-                those purposes, provided that such legisla-             SEC. 3lll. DEFICIT-NEUTRAL RESERVE FUND
                                                       MATE CHANGE.                                  tion would not increase the deficit over ei-                      RELATING TO A TAX CREDIT FOR
                                               The Chairman of the Committee on the                                                                                    DOMESTIC MINING OR PROCESSING
                                                                                                     ther the period of the total of fiscal years
                                             Budget of the Senate may revise the alloca-                                                                               OF CRITICAL MINERALS.
                                                                                                     2022 through 2026 or the period of the total of
                                             tions of a committee or committees, aggre-                                                                        The Chairman of the Committee on the
                                                                                                     fiscal years 2022 through 2031.
                                             gates, and other appropriate levels in this                                                                     Budget of the Senate may revise the alloca-
                                             resolution, and make adjustments to the                                                                         tions of a committee or committees, aggre-
                                                                                                       SA 3209. Mr. TUBERVILLE sub-                          gates, and other appropriate levels in this
                                             pay-as-you-go ledger, for one or more bills,
                                                                                                     mitted an amendment intended to be                      resolution, and make adjustments to the
                                             joint resolutions, amendments, amendments
                                             between the Houses, motions, or conference              proposed by him to the concurrent res-                  pay-as-you-go ledger, for one or more bills,
                                                                                                     olution S. Con. Res. 14, setting forth                  joint resolutions, amendments, amendments
                                             reports to prohibit financial regulatory
                                                                                                     the congressional budget for the United                 between the Houses, motions, or conference
                                             agencies from taking action to address cli-
                                                                                                                                                             reports relating to Federal income taxes,
                                             mate change or requiring companies to re-               States Government for fiscal year 2022
                                                                                                                                                             which may include establishing a tax credit
                                             port data related to climate change that is             and setting forth the appropriate budg-                 of 20 percent of net income from new domes-
                                             not material to the financial performance of            etary levels for fiscal years 2023                      tic mining or processing of critical minerals
                                             the regulated entity by the amounts pro-                through 2031; which was ordered to lie                  including aluminum, antimony, arsenic, bar-
                                             vided in such legislation for those purposes,                                                                   ite, beryllium, bismuth, cesium, chromium,
                                                                                                     on the table; as follows:
                                             provided that such legislation would not in-                                                                    cobalt, fluorspar, gallium, germanium,
                                             crease the deficit over either the period of                 At the end of title III, add the following:
                                                                                                                                                             graphite, hafnium, helium, indium, lithium,
                                             the total of fiscal years 2022 through 2026 or          SEC. 3lll. DEFICIT-NEUTRAL RESERVE FUND                 magnesium, manganese, niobium, platinum
                                             the period of the total of fiscal years 2022                      RELATING TO A TAX CREDIT FOR
                                                                                                               THE DOMESTIC MANUFACTURE AND
                                                                                                                                                             group metals, potash, the rare earth ele-
                                             through 2031.                                                                                                   ments group, rhenium, rubidium, scandium,
                                                                                                               SALE OF SEMICONDUCTORS.
                                                                                                                                                             strontium, tantalum, tellurium, tin, tita-
                                               SA 3207. Mr. TUBERVILLE sub-                            The Chairman of the Committee on the
                                                                                                                                                             nium, tungsten, uranium, vanadium, zir-
                                             mitted an amendment intended to be                      Budget of the Senate may revise the alloca-             conium, and any other minerals that the De-
                                                                                                     tions of a committee or committees, aggre-              partment of the Interior or the Department
                                             proposed by him to the concurrent res-                  gates, and other appropriate levels in this
                                             olution S. Con. Res. 14, setting forth                                                                          of Defense designate as critical to the United
                                                                                                     resolution, and make adjustments to the                 States’ security or economic prosperity , by
                                             the congressional budget for the United                 pay-as-you-go ledger, for one or more bills,            the amounts provided in such legislation for
                                             States Government for fiscal year 2022                  joint resolutions, amendments, amendments               those purposes, provided that such legisla-
                                             and setting forth the appropriate budg-                 between the Houses, motions, or conference              tion would not increase the deficit over ei-
                                             etary levels for fiscal years 2023                      reports relating to Federal income taxes,               ther the period of the total of fiscal years
                                             through 2031; which was ordered to lie                  which may include establishing a tax credit             2022 through 2026 or the period of the total of
                                             on the table; as follows:                               of 20 percent of the net income earned from             fiscal years 2022 through 2031.
                                                                                                     the domestic manufacturing and sales of
                                               At the end of title III, add the following:           semiconductors produced in the United                     SA 3212. Mr. TUBERVILLE sub-
                                             SEC. 3lll. DEFICIT-NEUTRAL RESERVE FUND                 States, by the amounts provided in such leg-            mitted an amendment intended to be
                                                       RELATING TO ENDING THE FED-                   islation for those purposes, provided that
                                                       ERAL PANDEMIC UNEMPLOYMENT                                                                            proposed by him to the concurrent res-
                                                       COMPENSATION PROGRAM.
                                                                                                     such legislation would not increase the def-            olution S. Con. Res. 14, setting forth
                                                                                                     icit over either the period of the total of fis-
                                               The Chairman of the Committee on the                                                                          the congressional budget for the United
                                                                                                     cal years 2022 through 2026 or the period of
                                             Budget of the Senate may revise the alloca-
                                                                                                     the total of fiscal years 2022 through 2031.
                                                                                                                                                             States Government for fiscal year 2022
                                             tions of a committee or committees, aggre-                                                                      and setting forth the appropriate budg-
                                             gates, and other appropriate levels in this                                                                     etary levels for fiscal years 2023
                                             resolution, and make adjustments to the                   SA 3210. Mr. TUBERVILLE sub-
                                                                                                     mitted an amendment intended to be                      through 2031; which was ordered to lie
                                             pay-as-you-go ledger, for one or more bills,                                                                    on the table; as follows:
                                             joint resolutions, amendments, amendments               proposed by him to the concurrent res-
                                                                                                     olution S. Con. Res. 14, setting forth                    At the end of title III, add the following:
                                             between the Houses, motions, or conference
                                                                                                                                                             SEC. 3lll. DEFICIT-NEUTRAL RESERVE FUND
                                             reports relating to ending the Federal Pan-             the congressional budget for the United                           RELATING TO A TAX CREDIT FOR




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                                             demic Unemployment Compensation pro-                    States Government for fiscal year 2022                            THE DOMESTIC MANUFACTURE AND
                                             gram by the amounts provided in such legis-             and setting forth the appropriate budg-                           SALE OF PERSONAL PROTECTIVE
                                             lation for those purposes, provided that such                                                                             EQUIPMENT.
                                                                                                     etary levels for fiscal years 2023
                                             legislation would not increase the deficit                                                                        The Chairman of the Committee on the
                                             over either the period of the total of fiscal           through 2031; which was ordered to lie                  Budget of the Senate may revise the alloca-
                                             years 2022 through 2026 or the period of the            on the table; as follows:                               tions of a committee or committees, aggre-
                                             total of fiscal years 2022 through 2031.                     At the end of title III, add the following:        gates, and other appropriate levels in this




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