[Congressional Record Volume 163, Number 169 (Thursday, October 19, 2017)]
[Senate]
[Page S6695]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1555. Mr. FRANKEN (for himself and Ms. Baldwin) submitted an 
amendment intended to be proposed to amendment SA 1116 proposed by Mr. 
Enzi to the concurrent resolution H. Con. Res. 71, establishing the 
congressional budget for the United States Government for fiscal year 
2018 and setting forth the appropriate budgetary levels for fiscal 
years 2019 through 2027; which was ordered to lie on the table; as 
follows:

       At the end of title III, add the following:

     SEC. 3___. DEFICIT-NEUTRAL RESERVE FUND RELATING TO CLOSING 
                   THE CARRIED INTEREST LOOPHOLE.

       The Chairman of the Committee on the Budget of the Senate 
     may revise the allocations of a committee or committees, 
     aggregates, and other appropriate levels in this resolution, 
     and make adjustments to the pay-as-you-go ledger, for one or 
     more bills, joint resolutions, amendments, amendments between 
     the Houses, motions, or conference reports relating to the 
     taxation of income from investment partnerships (known as 
     carried interest), which may include legislation that allows 
     for the taxing as ordinary income of a partner's share of 
     income on an investment services partnership interest, by the 
     amounts provided in such legislation for those purposes, 
     provided that such legislation would not increase the deficit 
     over either the period of the total of fiscal years 2018 
     through 2022 or the period of the total of fiscal years 2018 
     through 2027.
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