Political Quotes

“Mr. President, I ask unanimous consent to call up amendment No. 64. The PRESIDING OFFICER. The clerk will report. The legislative clerk read as follows: The Senator from Oklahoma [Mr. Coburn] proposes an amendment numbered 64. The amendment is as follows: (Purpose: To rescind unused earmarks) At the appropriate place, insert the following: SEC. ___. ORPHAN EARMARKS ACT. (a) Short Title.--This section may be cited as the ``Orphan Earmarks Act''. (b) Unused Earmarks.-- (1) Definition.--In this subsection, the term ``earmark'' means the following: (A) A congressionally directed spending item, as defined in Rule XLIV of the Standing Rules of the Senate. (B) A congressional earmark, as defined for purposes of Rule XXI of the Rules of the House of Representatives. (2) Rescission.--Any earmark of funds provided for any Federal agency with more than 90 percent of the appropriated amount remaining available for obligation at the end of the 9th fiscal year following the fiscal year in which the earmark was made available is rescinded effective at the end of that 9th fiscal year, except that the agency head may delay any such rescission if the agency head determines that an additional obligation of the earmark is likely to occur during the following 12-month period. (3) Identification and report.-- (A) Agency identification.--Each Federal agency shall identify and report every project that is an earmark with an unobligated balance at the end of each fiscal year to the Director of OMB.…”