Mr. COBURN. Madam President, I ask unanimous consent that reading of the amendment be dispensed with.
The PRESIDING OFFICER. Without objection, it is so ordered.
The amendment is as follows:
Beginning on page 17, strike line 14 and all that follows through page 18, line 10, and insert the following:
(a) Brightfields Demonstration Program.--Section 218 of the Public Works and Economic Development Act of 1965 (42 U.S.C. 3154d) is repealed.
(b) Termination of Global Climate Change Mitigation Incentive Fund.--Not later than 30 days after the date of enactment of this Act, the Secretary of Commerce shall terminate the Global Climate Change Mitigation Incentive Fund of the Department of Commerce.
AMENDMENT NO. 436, AS MODIFIED
Mr. COBURN. Madam President, as a matter of right, I ask that my amendment be modified with the changes I now send to the desk. Further, I make the point that I retain my right to the floor after the modification is made under the precedents of the Senate.
The PRESIDING OFFICER. The Senator has the right to modify the amendment.
The amendment, as modified, is as follows:
(Purpose: To repeal the Volumetric Ethanol Excise Tax Credit)
At the end, add the following:
SEC. __X. REPEAL OF VEETC.
(a) Short le.--This section may be cited as the ``Ethanol Subsidy and Tariff Repeal Act''.
(b) Repeal of VEETC.--
(1) ELIMINATION OF EXCISE TAX CREDIT OR PAYMENT.--
(A) Section 6426(b)(6) of the Internal Revenue Code of 1986 is amended by striking ``December 31, 2011'' and inserting ``the later of June 30, 2011, or the date of the enactment of the Ethanol Subsidy and Tariff Repeal Act)''.
(B) Section 6427(e)(6)(A) of such Code is amended by striking ``December 31, 2011'' and inserting ``the later of June 30, 2011, or the date of the enactment the Ethanol Subsidy and Tariff Repeal Act''.
(2) ELIMINATION OF INCOME TAX CREDIT.--The table contained in section 40(h)(2) of the Internal Revenue Code of 1986 is amended--
(A) by striking ``2011'' and inserting ``the later of June 30, 2011, or the date of the enactment of the Ethanol Subsidy and Tariff Repeal Act'', and
(B) by adding at the end the following:
``After such date zero zero''.
(3) REPEAL OF DEADWOOD.--
(A) Section 40(h) of the Internal Revenue Code of 1986 is amended by striking paragraph (3).
(B) Section 6426(b)(2) of such Code is amended by striking subparagraph (C).
(4) EFFECTIVE DATE.--The amendments made by this subsection shall apply to any sale, use, or removal for any period after the later of June 30, 2011, or the date of the enactment of the Act.
(c) Removal of Tariffs on Ethanol.--
(1) DUTY-FREE TREATMENT.--Chapter 98 of the Harmonized Tariff Schedule of the United States is amended by adding at the end the following new subchapter:
``Subchapter XXIII
Heading/Subheading Article Description Rates of Duty
1 2
General Special
9823.01.01 Ethyl alcohol (provided for in subheadings 2207.10.60 and 2207.20) or any mixture containing such ethyl alcohol (provided for in heading 2710 or 3824) if such ethyl alcohol or mixture is to be used as a fuel or in producing a mixture of gasoline and alcohol, a mixture of a special fuel and alcohol, or any other mixture to be used as fuel (including motor fuel provided for in subheading 2710.11.15, 2710.19.15 or 2710.19.21), or is suitable for any such uses Free Free 20%''.
(2) CONFORMING AMENDMENTS.--Subchapter I of chapter 99 of the Harmonized Tariff Schedule of the United States is amended--
(A) by striking heading 9901.00.50; and
(B) by striking U.S. notes 2 and 3.
(3) EFFECTIVE DATE.--The amendments made by this subsection apply to goods entered, or withdrawn from warehouse for consumption, on or after the later of June 30, 2011, or the date of the enactment of this Act.
CLOTURE MOTION
Mr. COBURN. Madam President, I now send a cloture motion to the desk on the pending amendment.
The PRESIDING OFFICER. The cloture motion having been presented under rule XXII, the Chair directs the clerk to read the motion.
The assistant legislative clerk read as follows:
Cloture Motion
We, the undersigned Senators, in accordance with the provisions of rule XXII of the Standing Rules of the Senate, hereby move to bring to a close debate on the pending amendment No. 436, as modified, to S. 782.
Mr. COBURN. I ask unanimous consent that reading of the names be waived.
Mr. MERKLEY. I object.
The PRESIDING OFFICER. Objection is heard.
The assistant legislative clerk read as follows:
Tom Coburn, Jim DeMint, John McCain, Richard Burr, David Vitter, Kelly Ayotte, Scott P. Brown, James E. Risch, James M. Inhofe, Bob Corker, Michael B. Enzi, Johnny Isakson, John Barrasso, Lamar Alexander, John Cornyn, Jeff Sessions.
Mr. COBURN addressed the Chair.
The PRESIDING OFFICER. The Senator from Oklahoma has the floor.
Mr. COBURN. Madam President, I ask my colleague, my senior Senator from Oklahoma--who I do not think is on the floor right now--to allow time for Senator Brown to bring up an amendment.
I yield to him at this time.
The PRESIDING OFFICER. The Senator from Massachusetts is recognized.
Mr. BROWN of Massachusetts. Madam President, I thank the Senator who spoke before me.
AMENDMENT NO. 405