On the recordJune 9, 2010
I ask unanimous consent that the reading of the amendment be dispensed with. The PRESIDING OFFICER. Without objection, it is so ordered. The amendment is as follows: (Purpose: To ensure that any new revenues to the Oil Spill Liability Trust Fund will be used for the purposes of the fund and not used as a budget gimmick to offset deficit spending) At the end of the subtitle D of title IV, add the following: SEC. ___. NEW REVENUES TO THE OIL SPILL LIABILITY TRUST FUND. The revenue resulting from any increase in the Oil Spill Liability Trust Fund financing rate under section 4611 of the Internal Revenue Code of 1986 shall-- (1) not be counted for purposes of offsetting revenues, receipts, or discretionary spending under the Congressional Budget Act of 1974 or the Statutory Pay-As-You-Go Act of 2010; and (2) shall only be used for the purposes of the Oil Spill Liability Trust Fund.
