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Concurrent Budget Resolution on the Budget, Fiscal Year 2014

Floor Speech

By:
Date:
Location: Washington, DC

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SEC. 3__. DEFICIT-NEUTRAL RESERVE FUND TO REQUIRE FINANCIAL REGULATORS TO CONDUCT RIGOROUS COST-BENEFIT ANALYSES ON ALL PROPOSED RULES.

The Chairman of the Senate Committee on the Budget may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution for one or more bills, joint resolutions, amendments, amendments between the Houses, motions, or conference reports that relate to the finalization of rules with positive cost-benefit analyses promulgated by a financial regulator, including the Board of Governors of the Federal Reserve System, the Bureau of Consumer Financial Protection, the Commodity Futures Trading Commission, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the Financial Stability Oversight Council, the Office of the Comptroller of the Currency, the Office of Financial Research, the National Credit Union Administration, and the Securities and Exchange Commission, by the amounts provided in such legislation for that purpose, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2013 through 2018 or the period of the total of fiscal years 2013 through 2023.

AMENDMENT NO. 624

The ACTING PRESIDENT pro tempore. There is now 2 minutes equally divided prior to a vote in relation to amendment No. 624, offered by the Senator from Nebraska, Mr. Johanns.

The Senator from Nebraska.

Mr. JOHANNS. Mr. President, this amendment restores a family's ability to plan ahead for health care costs and afford care. It eliminates a cap on flexible spending accounts.

It also eliminates the silly requirement that Americans get a doctor's prescription to purchase over-the-counter medications with their FSA or health savings account.

In addition, the health savings account can be used for people who have disabilities, so this eliminates the possibility of doing that beyond the cap.

I ask my colleagues to support me in eliminating the cap and eliminating this crazy requirement about getting a doctor's prescription to use a common medication.

It is supported by the National Downs Syndrome Society, the National Center for Learning Disabilities, and the Chamber of Commerce. I urge my colleagues to support this amendment.

The ACTING PRESIDENT pro tempore. The Senator from Washington.

Mrs. MURRAY. Mr. President, I have looked at this amendment. I do have some concerns about the implementation, but I think we can work them out. I would be willing to accept this on a voice vote.

The ACTING PRESIDENT pro tempore. The question is on agreeing to the amendment.

The amendment (No. 624) was agreed to.

Mrs. MURRAY. Mr. President, I move to reconsider the vote and lay that motion on the table.

The motion to lay on the table was agreed to.

AMENDMENT NO. 295 WITHDRAWN

The ACTING PRESIDENT pro tempore. There is now 2 minutes equally divided prior to a vote in relation to amendment No. 295 offered by the Senator from Tennessee, Mr. Corker.

Mr. CORKER. Mr. President, we saw during this last CR that there is a process called ChIMPS where you can take money out of mandatory spending temporarily and spend more in discretionary spending, which over the last 2 years has allowed us to spend $35 billion more than the Budget Control Act allowed. Senator Mikulski and Senator Shelby both agree that there is a problem here. They have agreed to try to work toward a solution to keep this gimmick from being used in the future. I will say that this came over from the House this way. It is not something that originated here in the Senate. But because they have agreed to work toward a solution, I withdraw my amendment and thank them for their cooperation.

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