[Congressional Record Volume 171, Number 112 (Saturday, June 28, 2025)]
[Senate]
[Page S4005]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2540. Mr. MULLIN submitted an amendment intended to be proposed to 
amendment SA 2360 proposed by Mr. Thune (for Mr. Graham) to the bill 
H.R. 1, to provide for reconciliation pursuant to title II of H. Con. 
Res. 14; which was ordered to lie on the table; as follows:

        At the appropriate place, insert the following:

     SEC. ____. LIMITATION ON DRAWBACK OF TAXES PAID WITH RESPECT 
                   TO SUBSTITUTED MERCHANDISE.

        Effective for claims filed on or after July 1, 2026, for 
     purposes of drawback of internal revenue tax imposed under 
     chapter 52 of the Internal Revenue Code of 1986, the amount 
     of drawback granted under such Code, or the Tariff Act of 
     1930, on the export or destruction of substituted merchandise 
     may not exceed the amount of taxes paid (and not returned by 
     refund, credit, or drawback) on the substituted merchandise.
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