Congressional Record, Senate, August 6, 2022: Page S4324
Summary
Page S4324 of the Senate section of the Congressional Record for August 6, 2022, in interleaved columns, listing submitted amendments to SA 5194 proposed by Mr. Schumer to H.R. 5376, the reconciliation bill under title II of S. Con. Res. 14. SA 5353 and SA 5354 are from Mr. Toomey and SA 5356 is from Mr. Rubio, each ordered to lie on the table. Amendment text includes striking a section on loan and grant terms, $837,500,000 for direct loans and grants with gross obligations not to exceed $4,000,000,000, a rule that a new clean vehicle shall not include certain vehicles, and a taxable-year increase of $250,000.
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“Congressional Record, Senate, August 6, 2022: Page S4324.”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/crec-crec-2022-08-06-crec-2022-08-06-pt1-pgs4324-2-a49f3e3aac/
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S4324 CONGRESSIONAL RECORD — SENATE August 6, 2022
(2) by adding at the end the following new amendment SA 5194 proposed by Mr. Strike section 30002(a)(1) and insert the fol-
subclause: SCHUMER to the bill H.R. 5376, to pro- lowing:
‘‘(II) INCREASE.—In the case of taxable vide for reconciliation pursuant to title (1) $837,500,000, to remain available until
years beginning after December 31, 2022, the September 30, 2028, for the cost of providing
II of S. Con. Res. 14; which was ordered
amount in subclause (I) shall be increased by direct loans, and for grants, as provided for
$250,000.’’. to lie on the table; as follows: in subsection (b), including to subsidize gross
(b) ALLOWANCE OF CREDIT.— In section 30002(c), strike paragraph (1) and obligations for the principal amount of di-
(1) IN GENERAL.—Paragraph (1) of section insert the following: rect loans, not to exceed $4,000,000,000, to
3111(f) is amended— (1) the term ‘‘eligible recipient’’ means any fund projects that improve security, prevent
(A) by striking ‘‘for a taxable year, there owner or sponsor of eligible property for crime, and increase resident safety;
shall be allowed’’ and inserting ‘‘for a tax- whom the community service requirements
able year— under section 12(c) of the United States SA 5356. Mr. RUBIO submitted an
‘‘(A) there shall be allowed’’, Housing Act of 1937 (42 U.S.C. 1437j(c)) shall
amendment intended to be proposed to
(B) by striking ‘‘equal to the’’ and insert- apply; and
amendment SA 5194 proposed by Mr.
ing ‘‘equal to so much of the’’,
SA 5354. Mr. TOOMEY submitted an SCHUMER to the bill H.R. 5376, to pro-
(C) by striking the period at the end and
inserting ‘‘as does not exceed the limitation amendment intended to be proposed to vide for reconciliation pursuant to title
of subclause (I) of section 41(h)(4)(B)(i) (ap- amendment SA 5194 proposed by Mr. II of S. Con. Res. 14; which was ordered
plied without regard to subclause (II) there- SCHUMER to the bill H.R. 5376, to pro- to lie on the table; as follows:
of), and’’, and vide for reconciliation pursuant to title On page 390, strike lines 1 through 18 and
(D) by adding at the end the following new II of S. Con. Res. 14; which was ordered insert the following:
subparagraph: to lie on the table; as follows: ‘‘(7) EXCLUDED ENTITIES.—For purposes of
‘‘(B) there shall be allowed as a credit Strike section 30002(b) and insert the fol- this section, the term ‘new clean vehicle’
against the tax imposed by subsection (b) for lowing: shall not include—
the first calendar quarter which begins after (b) LOAN AND GRANT TERMS AND CONDI- ‘‘(A) any vehicle with respect to which any
the date on which the taxpayer files the re- TIONS.— of the applicable critical minerals contained
turn specified in section 41(h)(4)(A)(ii) an (1) IN GENERAL.—Amounts made available in the battery of such vehicle (as described
amount equal to so much of the payroll tax under this section shall be for direct loans, in subsection (e)(1)(A)) were extracted, proc-
credit portion determined under section grants, and direct loans that can be con- essed, or recycled—
41(h)(2) as is not allowed as a credit under verted to grants to eligible recipients that ‘‘(i) by a foreign entity of concern (as de-
subparagraph (A).’’. agree to an extended period of affordability fined in section 40207(a)(5) of the Infrastruc-
(2) LIMITATION.—Paragraph (2) of section for the property. ture Investment and Jobs Act (42 U.S.C.
3111(f) is amended— (2) REPORTING GREENHOUSE GAS EMIS- 18741(a)(5))), or
(A) by striking ‘‘paragraph (1)’’ and insert- SIONS.— ‘‘(ii) in—
ing ‘‘paragraph (1)(A)’’, and (A) REPORTING REQUIREMENT.—A recipient ‘‘(I) the People’s Republic of China,
(B) by inserting ‘‘, and the credit allowed of amounts made available under this sec- ‘‘(II) the Russian Federation,
by paragraph (1)(B) shall not exceed the tax tion shall annually report to the Secretary, ‘‘(III) the Islamic Republic of Iran,
imposed by subsection (b) for any calendar until the end of the extended period of af- ‘‘(IV) the Democratic People’s Republic of
quarter,’’ after ‘‘calendar quarter’’. fordability described in paragraph (1), the Korea, or
(3) CARRYOVER.—Paragraph (3) of section scope 1 emissions, scope 2 emissions, and ‘‘(V) the Republic of Belarus, or
3111(f) is amended by striking ‘‘the credit’’ scope 3 emissions of the recipient for the pre- ‘‘(B) any vehicle with respect to which any
and inserting ‘‘any credit’’. ceding year. of the components contained in the battery
(4) DEDUCTION ALLOWED.—Paragraph (4) of (B) DEFINITIONS.—For purposes of this of such vehicle (as described in subsection
section 3111(f) is amended— paragraph, with respect to a recipient of (e)(2)(A)) were manufactured or assembled—
(A) by striking ‘‘credit’’ and inserting amounts made available under this section: ‘‘(i) by a foreign entity of concern (as so
‘‘credits’’, and (i) DIRECT GREENHOUSE GAS EMISSIONS.— defined), or
(B) by striking ‘‘subsection (a)’’ and insert- The term ‘‘direct greenhouse gas emissions’’ ‘‘(ii) in any nation described in subpara-
ing ‘‘subsection (a) or (b)’’. means greenhouse gas emissions expressed in graph (A)(ii).’’.
(c) AGGREGATION RULES.—Clause (ii) of sec- metric tons of carbon dioxide equivalent
tion 41(h)(5)(B) is amended by striking ‘‘the from operations that are owned or controlled SA 5357. Mr. RUBIO submitted an
$250,000 amount’’ and inserting ‘‘each of the by the recipient. amendment intended to be proposed to
$250,000 amounts’’. (ii) GREENHOUSE GAS.—The term ‘‘green- amendment SA 5194 proposed by Mr.
(d) EFFECTIVE DATE.—The amendments house gas’’ means carbon dioxide, methane,
made by this section shall apply to taxable SCHUMER to the bill H.R. 5376, to pro-
nitrous oxide, nitrogen trifluoride,
years beginning after December 31, 2022. vide for reconciliation pursuant to title
hydrofluorocarbons, perfluorocarbons, and
sulfur hexafluoride. II of S. Con. Res. 14; which was ordered
SA 5351. Mr. TOOMEY submitted an (iii) INDIRECT GREENHOUSE GAS EMISSIONS.— to lie on the table; as follows:
amendment intended to be proposed to The term ‘‘indirect greenhouse gas emis- At the appropriate place, insert the fol-
amendment SA 5194 proposed by Mr. sions’’ means greenhouse gas emissions ex- lowing:
SCHUMER to the bill H.R. 5376, to pro- pressed in metric tons of carbon dioxide SEC. lllll. CVV REQUIREMENT FOR ONLINE
vide for reconciliation pursuant to title equivalent that result from the activities of CONTRIBUTIONS TO POLITICAL OR-
II of S. Con. Res. 14; which was ordered the recipient, but occur at sources not owned GANIZATIONS.
to lie on the table; as follows: or controlled by the recipient. (a) IN GENERAL.—Section 527 of the Inter-
(iv) SCOPE 1 EMISSIONS.—The term ‘‘scope 1 nal Revenue Code of 1986 is amended by add-
In section 30002(c)(1), by inserting ‘‘who
prohibit from federally assisted housing any emissions’’ means direct greenhouse gas ing at the end the following new subsection:
emissions. ‘‘(m) CVV REQUIREMENT FOR ONLINE CON-
household that includes any individual who
(v) SCOPE 2 EMISSIONS.—The term ‘‘scope 2 TRIBUTIONS.—An organization shall not be
is subject to a lifetime registration require-
ment under a State sex offender registration emissions’’ means indirect greenhouse gas treated as an organization described in this
program’’ after ‘‘property’’. emissions from the generation of purchased section unless, in the case of any Internet
or acquired electricity, steam, heat, or cool- credit card contribution accepted by such or-
SA 5352. Mr. TOOMEY submitted an ing that is consumed by operations owned or ganization, the individual or entity making
amendment intended to be proposed by controlled by the recipient. such contribution is required, at the time
him to the bill H.R. 5376, to provide for (vi) SCOPE 3 EMISSIONS.—The term ‘‘scope 3 such contribution is made, to disclose the
emissions’’ means all indirect greenhouse credit verification value of such credit
reconciliation pursuant to title II of S. card.’’.
Con. Res. 14; which was ordered to lie gas emissions that—
(I) are not scope 2 emissions; and (b) EFFECTIVE DATE.—The amendment
on the table; as follows: (II) occur in the upstream activities or made by this section shall apply to contribu-
At the appropriate place, insert the fol- downstream activities of the value chain of tions made in taxable years beginning after
lowing: the recipient. the date of the enactment of this Act.
SEC. llll. RESCISSION OF AMERICAN RESCUE
PLAN ACT FUNDING. SA 5355. Mr. TOOMEY submitted an SA 5358. Ms. COLLINS submitted an
dlhill on DSK120RN23PROD with SENATE
There is rescinded the unobligated balance amendment intended to be proposed to amendment intended to be proposed to
of amounts made available under title III of amendment SA 5194 proposed by Mr.
the American Rescue Plan Act of 2021 (Pub-
amendment SA 5194 proposed by Mr.
lic Law 117–2; 135 Stat. 53). SCHUMER to the bill H.R. 5376, to pro- SCHUMER to the bill H.R. 5376, to pro-
vide for reconciliation pursuant to title vide for reconciliation pursuant to title
SA 5353. Mr. TOOMEY submitted an II of S. Con. Res. 14; which was ordered II of S. Con. Res. 14; which was ordered
amendment intended to be proposed to to lie on the table; as follows: to lie on the table; as follows:
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