Rand Paul: “I call up amendment No. 107 and ask that it be reported by number. The PRESIDING OFFICER. The clerk will report the…”

“I call up amendment No. 107 and ask that it be reported by number. The PRESIDING OFFICER. The clerk will report the amendment by number. The senior assistant legislative clerk read as follows: The Senator from Kentucky [Mr. Paul] proposes an amendment numbered 107. The amendment is as follows: (Purpose: In the nature of a substitute) Strike all after the enacting clause and insert the following: SECTION 1. SHORT TITLE. This Act may be cited as the ``Five Penny Plan of 2023''. SEC. 2. STATUTORY ENFORCEMENT OF OUTLAY LIMITS THROUGH SEQUESTRATION. (a) In General.--Part C of the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 900 et seq.) is amended by adding at the end the following: ``SEC. 258D. ENFORCING OUTLAY LIMITS. ``(a) Enforcing Outlay Limits.--In this section, the term `outlay limit' means an amount equal to-- ``(1) for fiscal year 2024, $4,839,204,000,000 in outlays; ``(2) for fiscal year 2025, $4,597,244,000,000 in outlays; ``(3) for fiscal year 2026, $4,367,382,000,000 in outlays; ``(4) for fiscal year 2027, $4,149,013,000,000 in outlays; and ``(5) for fiscal year 2028, $3,941,562,000,000 in outlays. ``(b) Total Federal Outlays.--In this section, total Federal outlays shall include all on-budget outlays.…”