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Full Text of this Amendment

SA 275. Ms. SNOWE (for herself, Mr. THUNE, Mr. RUBIO, Mr. MORAN, Mr. BROWN of Massachusetts, Mr. ENZI, and Mr. VITTER) submitted an amendment intended to be proposed by her to the bill S. 493, to reauthorize and improve the SBIR and STTR programs, and for other purposes; which was ordered to lie on the table; as follows:

At the end, add the following:
SEC. 504. USE OF STIMULUS FUNDS TO OFFSET.
Notwithstanding section 5 of the American Recovery and Reinvestment Act of 2009 (Public Law 111-5; 123 Stat. 116), $150,000,000 is rescinded on a pro rata basis, by account, from unobligated amounts appropriated or made available under division A of the American Recovery and Reinvestment Act of 2009 (Public Law 111-5; 123 Stat. 116) (other than under title X of division A of such Act) in order to offset the cost under this Act, and the amendments made by this Act, relating to the SBIR program
or the STTR program. The Director of the Office of Management and Budget shall report to each congressional committee the amounts rescinded under this subsection within the jurisdiction of such committee.


(As printed in the Congressional Record for the Senate on Mar 30, 2011.)