[Congressional Record Volume 163, Number 195 (Thursday, November 30, 2017)]
[Senate]
[Page S7635]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1792. Mr. LANKFORD 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:

       At the appropriate place, insert the following:

     SEC. __. NO TAX EXEMPT BONDS FOR PROFESSIONAL STADIUMS.

       (a) In General.--Section 103(b), as amended by this Act, is 
     further amended by adding at the end the following new 
     paragraph:
       ``(4) Professional stadium bond.--Any professional stadium 
     bond.''.
       (b) Professional Stadium Bond Defined.--Subsection (c) of 
     section 103 is amended by adding at the end the following new 
     paragraph:
       ``(3) Professional stadium bond.--The term `professional 
     stadium bond' means any bond issued as part of an issue any 
     proceeds of which are used to finance or refinance capital 
     expenditures allocable to a facility (or appurtenant real 
     property) which, during at least 5 days during any calendar 
     year, is used as a stadium or arena for professional sports 
     exhibitions, games, or training.''.
       (c) Effective Date.--The amendments made by this section 
     shall apply to bonds issued after November 2, 2017.
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