[Pages S6075-S6076]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 5051. Mr. ENSIGN submitted an amendment intended to be proposed to 
amendment SA 4983 proposed by Mr. Reid (for Mr. Dodd (for himself and 
Mr. Shelby)) to the bill H.R. 3221, moving the United States toward 
greater energy independence and security, developing innovative new 
technologies, reducing carbon emissions, creating green jobs, 
protecting consumers, increasing clean renewable energy production, and 
modernizing our energy infrastructure, and to amend the Internal 
Revenue Code of 1986 to provide tax incentives for the production of 
renewable energy and energy conservation; which was ordered to lie on 
the table; as follows:

       On page 575, strike lines 3 through 13 and insert the 
     following:
       ``(A) Increase for 2008.--
       ``(i) In general.--In the case of calendar year 2008, the 
     State ceiling for each State shall be increased by an amount 
     equal to $11,000,000,000 multiplied by the State share for 
     such State.
       ``(ii) State share.--For purposes of this paragraph, the 
     State share for any state

[[Page S6076]]

     shall be the amount, expressed as a percentage, determined 
     with respect to such State under the formula established 
     under clause (iii).
       ``(iii) Formula.--The formula established under this clause 
     shall be established by the Secretary, in consultation with 
     the Secretary of Housing and Urban Development, and shall be 
     based on need, as such need is determined in the discretion 
     of the Secretary, taking into account--

       ``(I) the number and percentage of home foreclosures in 
     each State;
       ``(II) the number and percentage of homes financed by a 
     subprime mortgage related loan in each State; and
       ``(III) the number and percentage of homes in default or 
     delinquency in each State.

       ``(iv) Formula to be devised swiftly.--The formula under 
     clause (iii) shall be established not later than 30 days 
     after the date of enactment of this paragraph.
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