[Congressional Record Volume 163, Number 195 (Thursday, November 30, 2017)]
[Senate]
[Page S7601]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1744. Mr. FLAKE 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:

       Strike section 11051 and insert the following:

     SEC. ___. ELIMINATION OF WAGERING LOSS DEDUCTION.

       (a) In General.--Subsection (d) of section 165 is amended 
     to read as follows:
       ``(d) No Deduction of Wagering Losses.--Losses from 
     wagering transactions shall not be allowed.''.
       (b) Effective Date.--The amendment made by this section 
     shall apply to taxable years beginning after December 31, 
     2017.
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