[Congressional Record Volume 163, Number 127 (Thursday, July 27, 2017)]
[Senate]
[Page S4440]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 392. Mr. INHOFE submitted an amendment intended to be proposed by 
him to the bill H.R. 2810, to authorize appropriations for fiscal year 
2018 for military activities of the Department of Defense, for military 
construction, and for defense activities of the Department of Energy, 
to prescribe military personnel strengths for such fiscal year, and for 
other purposes; which was ordered to lie on the table; as follows:

       At the end of subtitle B of title XXVIII, add the 
     following:

     SEC. 2816. TREATMENT AS IN-KIND CONSIDERATION OF FINANCIAL 
                   SUPPORT AND SERVICES PROVIDED BY FINANCIAL 
                   INSTITUTIONS ON LAND LEASED ON MILITARY 
                   INSTALLATIONS.

       Section 2667 of title 10, United States Code, is amended--
       (1) in subsection (b)(4), by inserting ``, except as 
     otherwise provided in subsection (c)(4),'' after ``amount 
     that''; and
       (2) in subsection (c), by adding at the end the following 
     new paragraph:
       ``(4)(A) In the case of a lease under this section that is 
     entered into during the period described in subparagraph (C) 
     with an insured depository institution chartered by the 
     Federal Government or a State, the Secretary concerned may 
     deem financial support and services provided by the insured 
     depository institution to members of the armed forces, 
     civilian employees of the Department of Defense, and their 
     dependents as sufficient in-kind consideration to cover all 
     lease, services, and utilities costs assessed with regard to 
     the leased property.
       ``(B) The Secretary concerned may renegotiate the terms of 
     a lease under this section that was entered into prior to the 
     period described in subparagraph (C) with an insured 
     depository institution to apply subparagraph (A) to the lease 
     as if such subparagraph were in effect at the time the 
     Secretary entered into the lease.
       ``(C) The period described in this subparagraph is the 
     period that begins on the date of the enactment of the 
     National Defense Authorization Act for Fiscal Year 2018 and 
     ends on September 30, 2023.''.
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