Text of Senate Amendment 1745

On 2025-04-03, Senator Mark Kelly (D-AZ) delivered a floor speech titled "Text Of Senate Amendment 1745" in the Senate.

Text of Senate Amendment 1745

Congressional Record, Volume 171 Issue 60 (Thursday, April 3, 2025) [Congressional Record Volume 171, Number 60 (Thursday, April 3, 2025)] [Senate] [Page S2261] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] SA 1745. Mr. KELLY submitted an amendment intended to be proposed by him to the concurrent resolution H. Con. Res. 14, establishing the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034; which was ordered to lie on the table; as follows: At the appropriate place in title IV, add the following: SEC. 4___. POINT OF ORDER AGAINST LEGISLATION THAT INCREASES TAXES ON UNIVERSITY ENDOWMENTS. (a) Point of Order.--It shall not be in order in the Senate to consider any bill, joint resolution, motion, amendment, amendment between the Houses, or conference report relating to increasing the tax liability of university endowments. (b) Waiver and Appeal.--Subsection (a) may be waived or suspended in the Senate only by an affirmative vote of three- fifths of the Members, duly chosen and sworn. An affirmative vote of three-fifths of the Members of the Senate, duly chosen and sworn, shall be required to sustain an appeal of the ruling of the Chair on a point of order raised under subsection (a). ______