[Congressional Record Volume 163, Number 195 (Thursday, November 30, 2017)]
[Senate]
[Page S7595]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1716. Mr. BLUNT submitted an amendment intended to be proposed by 
him to the bill H.R. 1, to provide for reconciliation pursuant to 
titles II and V of the concurrent resolution on the budget for fiscal 
year 2018; which was ordered to lie on the table; as follows:

       On page 457, line 7, strike ``(6) Regulations.--'' and 
     insert:
       ``(6) Transition rules for existing indebtedness.--
       ``(A) Limitation not to apply.--The limitation under 
     paragraph (1) shall not apply to interest paid or accrued by 
     a domestic corporation on--
       ``(i) pre-November 10, 2017 indebtedness, or
       ``(ii) indebtedness issued after November 9, 2017, and 
     before January 1, 2019, in connection with a transaction 
     which was publicly announced before November 9, 2017, and was 
     waiting for regulatory approval on such date.
       ``(B) Indebtedness.--For purposes of subparagraph (A)--
       ``(i) Pre-november 10, 2017 indebtedness.--The term `pre-
     November 10, 2017 indebtedness' means any indebtedness issued 
     before November 10, 2017.
       ``(ii) Significant modifications.--If any indebtedness 
     described in subparagraph (A) is significantly modified after 
     November 9, 2017 (the date of issuance in the case of 
     indebtedness described in subparagraph (A)(ii)), this 
     paragraph shall not apply any interest paid or accrued on 
     such indebtedness on or after the date such modification 
     takes effect.
       ``(7) Regulations.--
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