[Congressional Record Volume 156, Number 173 (Wednesday, December 22, 2010)] [Senate] [Page S11011] From the Congressional Record Online through the Government Publishing Office [www.gpo.gov] OMNIBUS TRADE ACT OF 2010 Mr. BROWN of Ohio. Mr. President, I thank the Republican leader for his willingness to let us move on this UC. I ask unanimous consent the Senate proceed to the immediate consideration of H.R. 6517, which was received from the House and is at the desk. The PRESIDING OFFICER. The clerk will report the bill by title. The legislative clerk read as follows: A bill (H.R. 6517) to extend trade adjustment assistance and certain trade preference programs, to amend the Harmonized Tariff Schedule of the United States to modify temporarily certain rates of duty, and for other purposes. There being no objection, the Senate proceeded to consider the bill. Mr. CONRAD. This is the Statement of Budgetary Effects of PAYGO Legislation for H.R. 6517, as amended. Total Budgetary Effects of H.R. 6517 for the 5-year Statutory PAYGO Scorecard: net decrease in the deficit of $2.208 billion. Total Budgetary Effects of H.R. 6517 for the 10-year Statutory PAYGO Scorecard: net decrease in the deficit of $450 billion. Also submitted for the Record as part of this statement is a table prepared by the Congressional Budget Office, which provides additional information on the budgetary effects of this act, as follows: CBO ESTIMATE OF THE STATUTORY PAY-AS-YOU-GO EFFECTS FOR THE SENATE AMENDMENT IN THE NATURE OF A SUBSTITUTE TO H.R. 6517, THE OMNIBUS TRADE ACT OF 2010, AS TRANSMITTED TO CBO ON DECEMBER 22, 2010 [Millions of dollars, by fiscal year] -------------------------------------------------------------------------------------------------------------------------------------------------------- 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2011-2015 2011-2020 -------------------------------------------------------------------------------------------------------------------------------------------------------- Net Increase or Decrease (-) in the Deficit Statutory Pay-As-You-Go Impact........ 122 115 25 5 -2,475 2,475 0 0 0 -717 -2208 -450 -------------------------------------------------------------------------------------------------------------------------------------------------------- Note: Components may not sum to totals because of rounding. Source: Congressional Budget Office and staff of the Joint Committee on Taxation. Mr. BROWN of OHIO. Mr. President, I ask unanimous consent that the Brown amendment, which is at the desk, be agreed to; the bill, as amended, be read a third time and passed; the motions to reconsider be laid on the table, with no intervening action or debate, and any statements related to the bill be printed in the Record. The PRESIDING OFFICER. Without objection, it is so ordered. The amendment (No. 4924) was agreed to. (The amendment is printed in today's Record under ``Text of Amendments.'') The amendment was ordered to be engrossed and the bill to be read a third time. The bill (H.R. 6517), as amended, was read the third time, and passed. Mr. BROWN of Ohio. Mr. President, in light of the generosity of the Republican leader and the assistant majority leader, 30 seconds. This agreement among Senator Casey, Senator Kyl, Senator McCain, and me will make a difference in restoring TAA, trade adjustment, and the health care tax credit, in addition to the Andean trade references and some other things that will make a difference. It will make a difference. It will mean that 50,000 people don't lose their health insurance the first of the year. I am appreciative of all who have been part of this. I will yield to Senator Casey for a moment. I thank the leaders for their generosity. Mr. CASEY. Mr. President, I thank Senator Brown, as well as Senators McCain and Kyl, for entering into this agreement. It extends this for a short period of time. It is important as it relates to manufacturing jobs in a State such as ours, where we have lost over 200,000 in less than a decade. I am sure that number corresponds to other States' losses. We are grateful for this extension. We have more work to do. The PRESIDING OFFICER. The Republican leader is recognized. ____________________