[Congressional Record Volume 164, Number 93 (Wednesday, June 6, 2018)]
[Senate]
[Page S3042]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2280. Mr. INHOFE submitted an amendment intended to be proposed by 
him to the bill H.R. 5515, to authorize appropriations for fiscal year 
2019 for military activities of the Department of Defense, for military 
construction, and for defense activities of the Department of Energy, 
to prescribe military personnel strengths for such fiscal year, and for 
other purposes; which was ordered to lie on the table; as follows:

       At appropriate place, insert the following:

     SEC. ___. TREATMENT OF LEASES OF NON-EXCESS PROPERTY ENTERED 
                   INTO WITH INSURED DEPOSITORY INSTITUTIONS.

       Section 2667 of title 10, United States Code, is amended--
       (1) in subsection (b)(4), by striking ``amount that'' and 
     inserting ``amount that, except as provided in subsection 
     (c)(4),''; and
       (2) in subsection (c), by adding at the end the following:
       ``(4)(A) In this paragraph--
       ``(i) the term `insured credit union' has the meaning given 
     the term in section 101 of the Federal Credit Union Act (12 
     U.S.C. 1752); and
       ``(ii) the term `insured depository institution' has the 
     meaning given the term in section 3 of the Federal Deposit 
     Insurance Act (12 U.S.C. 1813).
       ``(B) With respect to a lease under this section entered 
     into with an insured depository institution or any insured 
     credit union after the date of the enactment of this 
     paragraph, the Secretary concerned shall accept the financial 
     services provided by the insured depository institution or 
     the credit union, as applicable, to members of the armed 
     forces, civilian employees of the Department of Defense, and 
     dependents of such members or employees as sufficient in-kind 
     consideration to cover all lease, services, and utilities 
     costs assessed with regard to the leased property.
       ``(C) With respect to a lease under this section that was 
     entered into with an insured depository institution or credit 
     union before the date of the enactment of this paragraph, the 
     Secretary concerned may renegotiate the terms of the lease to 
     apply subparagraph (A) to the lease as if such subparagraph 
     was in effect at the time the Secretary entered into the 
     lease.''.
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