[Congressional Record (Bound Edition), Volume 149 (2003), Part 8]
[Senate]
[Pages 11340-11341]
[From the U.S. Government Publishing Office, www.gpo.gov]




                           TEXT OF AMENDMENTS

  SA 542. Mrs. FEINSTEIN proposed an amendment to amendment SA 539 
proposed by Mr. Frist (for himself, Mr. Daschle, Mr. Inhofe, Mr. 
Dorgan, Mr. Lugar, Mr. Johnson, Mr. Grassley, Mr. Harkin, Mr. Hagel, 
Mr. Durbin, Mr. Voinovich, Mr. Nelson of Nebraska, Mr. Talent, Mr. 
Dayton, Mr. Coleman, Mr. Edwards, Mr. Crapo, Mr. Conrad, Mr. DeWine, 
and Mr. Baucus) to the bill S. 14, to enhance the energy security of 
the United States, and for other purposes; as follows:

       Section 211(o)(2) of the Clean Air Act (as added by the 
     amendment) is amended by inserting after subparagraph (B) the 
     following:
       ``(C) Election by states.--The renewable fuel program shall 
     apply to a State only if the Governor of the State notifies 
     the Administrator that the State elects to participate in the 
     renewable fuel program.''.
                                 ______
                                 
  SA 543. Mr. SMITH submitted an amendment intended to be proposed by 
him to the bill S. 1054, to provide for reconciliation pursuant to 
section 201 of the concurrent resolution on the budget for fiscal year 
2004; which was ordered to lie on the table; as follows:

       Insert after section 107 the following:

     SEC. __. CLARIFICATION OF PLACED IN SERVICE RULE FOR BONUS 
                   DEPRECIATION PROPERTY.

       (a) In General.--Section 168(k)(2)(D) (relating to special 
     rules) is amended by adding at the end the following new 
     clause:
       ``(iii) Syndication.--For purposes of subparagraph (A)(ii), 
     if--

       ``(I) property is originally placed in service after 
     September 10, 2001, by the lessor of such property,
       ``(II) such property is sold by such lessor or any 
     subsequent purchaser within 3 months after the date so placed 
     in service (or, in the case of multiple units of property 
     subject to the same lease, within 3 months after the date the 
     final unit is placed in service, so long as the period 
     between the time the first

[[Page 11341]]

     unit is placed in service and the time the last unit is 
     placed in service does not exceed 12 months), and
       ``(III) the user of such property after the last sale 
     during such 3-month period remains the same as when such 
     property was originally placed in service, such property 
     shall be treated as originally placed in service not earlier 
     than the date of such last sale, so long as no previous owner 
     of such property elects the application of this subsection 
     with respect to such property.''.

       (b) Effective Date.--The amendment made by this section 
     shall apply to sales on or after the date of the enactment of 
     this Act.

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