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April 4, 2008, 12:00 am ET - Amendment SA 4404 proposed by Senator Landrieu to Amendment SA 4387.
April 7, 2008, 12:00 am ET - Considered by Senate.
April 8, 2008, 12:00 am ET - Considered by Senate.
April 9, 2008, 12:00 am ET - Considered by Senate.
April 9, 2008, 12:00 am ET - Proposed amendment SA 4404 withdrawn in Senate.

Full Text of this Amendment

SA 4404. Ms. LANDRIEU submitted an amendment intended to be proposed by her 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:

Beginning on page 68, strike line 22 and all that follows through line 4 on page 69 and and insert the following:
``(A) IN GENERAL.--Notwithstanding the requirements of subsection (i)(1), the proceeds of a qualified mortgage issue may be used to refinance a mortgage which--
``(i) was originally financed by the mortgagor through a qualified subprime loan, or
``(ii) is a mortgage on a residence--
``(I) located in the Gulf Opportunity Zone (as defined in section 1400M(1)) and damaged or rendered uninhabitable by reason of Hurricane Katrina,
``(II) located in the Rita GO Zone (as defined in section 1400M(3)) and damaged or rendered uninhabitable by reason of Hurricane Rita, or
``(III) located in the Wilma GO Zone (as defined in section 1400M(5)) and damaged or rendered uninhabitable by reason of Hurricane Wilma.
On page 72, between lines 10 and 11, insert the following:
(c) Waiver of 3-Year Requirement for Homes Damaged by Hurricanes Katrina, Rita, and Wilma.--Paragraph (2) of section 143(d) of the Internal Revenue Code of 1986 is amended by striking ``and'' at the end of subparagraph (C), by inserting ``and'' at the end of subparagraph (D), and by inserting after subparagraph (D) the following new subparagraph:
``(E) in the case of bonds issued after the date of the enactment of this subparagraph and before January 1, 2011, financing with respect to the purchase of any residence--
``(i) located in the Gulf Opportunity Zone (as defined in section 1400M(1)) and damaged or rendered uninhabitable by reason of Hurricane Katrina,
``(ii) located in the Rita GO Zone (as defined in section 1400M(3)) and damaged or rendered uninhabitable by reason of Hurricane Rita, or
``(iii) located in the Wilma GO Zone (as defined in section 1400M(5)) and damaged or rendered uninhabitable by reason of Hurricane Wilma,''.
On page 72, line 11, strike ``(c)'' and insert ``(d)''.
On page 73, line 19, strike ``(d)'' and insert ``(e)''.


(As printed in the Congressional Record for the Senate on Apr 3, 2008.)