[Congressional Record Volume 172, Number 106 (Wednesday, June 24, 2026)]
[Senate]
[Page S3674]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 6538. Mr. LEE (for himself and Mr. Curtis) submitted an amendment 
intended to be proposed by him to the bill S. 4784, to authorize 
appropriations for fiscal year 2027 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 the end of subtitle E of title III, add the following:

     SEC. 358. EXCEPTION TO REQUIREMENT FOR DEPOSIT AND USE OF 
                   PROCEEDS FROM LEASES IN CASE OF CERTAIN IN-KIND 
                   CONSIDERATION.

       Section 2667(e)(1)(B) of title 10, United States Code, is 
     amended by adding at the end the following new clause:
       ``(iii) In-kind consideration accepted with respect to a 
     lease entered into under this section that is held in a 
     Federally-insured deposit account owned by a State or a 
     political subdivision of a State with respect to which the 
     State or political subdivision acts as a trustee for the 
     account with a fiduciary duty to the United States upon such 
     terms as the Secretary approves.''.
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