[Congressional Record Volume 163, Number 195 (Thursday, November 30, 2017)]
[Senate]
[Pages S7599-S7600]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1737. Mr. ALEXANDER (for himself and Mr. Gardner) submitted an 
amendment intended to be proposed to amendment SA 1618 proposed by Mr.

[[Page S7600]]

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:

       On page 306, strike line 16 and insert the following:
     ``able year with respect to such institution.
       ``(3) Exempt purpose assets.--For purposes of subsection 
     (b)(1)(C), the amount of assets treated as being used 
     directly in carrying out the institution's exempt purpose 
     shall include--
       ``(A) the fair market value of tangible and real property 
     assets of the institution,
       ``(B) financial assets of the institution which are subject 
     to restrictions for use solely for financial aid or other 
     educational or research activities of the institution, and
       ``(C) assets designated by the institution's governing 
     board to be used solely for specific purposes which are 
     directly related to the institution's exempt purpose.''.
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