[Congressional Record Volume 163, Number 195 (Thursday, November 30, 2017)]
[Senate]
[Page S7597]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1727. Mr. RISCH (for himself and Mr. Crapo) submitted an amendment 
intended to be proposed to amendment SA 1618 proposed by Mr. McConnell 
(for Mr. Hatch (for himself and Ms. Murkowski)) 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:

       At the appropriate place in title I, insert the following:

     SEC. __. MODIFICATION TO CALCULATION OF INTEREST LIMITATIONS.

       (a) Limitation on Deduction for Interest.--Paragraph (6) of 
     section 163(j) (as amended by section 13301 of this Act) is 
     amended by inserting ``, including related party interest 
     includible under sections 951 or 954 and operating lease 
     income'' after ``business''.
       (b) Denial of Deduction for Interest Expense of Certain 
     United States Shareholders.--Subsection (n)(4)(B)(ii) of 
     section 163 (as added by section 14221 of this Act) is 
     amended by inserting ``and operating lease income'' after 
     ``interest''.
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