S. 3009 — Placed on Calendar (Senate)

II Calendar No. 150 117th CONGRESS 1st Session S. 3009 IN THE SENATE OF THE UNITED STATES October 19, 2021Mr. Braun introduced the following bill; which was read the first time October 20, 2021Read the second time and placed on the calendar A BILL To amend title VI of the Social Security Act to remove the prohibition on States and territories against lowering their taxes. 1. Short title This Act may be cited as the Let States Cut Taxes Act. 2. Removal of restriction of use of Coronavirus State Fiscal Recovery funds (a) In general Paragraph (2) of section 602(c) of the Social Security Act (42 U.S.C. 802(c)) is amended to read as follows: (2) Further restriction on use of funds No State or territory may use funds made available under this section for deposit into any pension fund. . (b) Conforming amendments Section 602 of such Act (42 U.S.C. 802) is further amended— (1) in subsection (d)(2)(A), by striking , including, in the case of a State or a territory, all modifications to the State's or territory's tax revenue sources during the covered period; (2) in subsection (e), by striking such subsection, and all that follows through the period and inserting such subsection.; and (3) in subsection (g)— (A) by striking paragraph (1); and (B) by redesignating paragraphs (2) through (7) as paragraphs (1) through (6), respectively. (c) Effective date The amendments made by this section shall take effect as if enacted on March 12, 2021. October 20, 2021Read the second time and placed on the calendar