S.Amdt. 138

SA 138. Mr. MARKEY submitted an amendment intended to be proposed to

[[Page S444]]

amendment SA 2 proposed by Ms. Murkowski (for herself, Mr. Hoeven, Mr.
Barrasso, Mr. Risch, Mr. Lee, Mr. Flake, Mr. Daines, Mr. Manchin, Mr.
Cassidy, Mr. Gardner, Mr. Portman, Mr. Alexander, and Mrs. Capito) to
the bill S. 1, to approve the Keystone XL Pipeline; which was ordered
to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. _. EFFECTIVE DATE.

This Act shall not take effect prior to the date that,
pursuant to an Act of Congress, the following tax breaks are
repealed for major integrated oil companies (as that term is
defined in section 167(h)(5)(B) of the Internal Revenue Code
of 1986):
(1) Percentage depletion allowances under sections 613 and
613A of the Internal Revenue Code of 1986.
(2) The domestic production activities deduction under
section 199 of the Internal Revenue Code of 1986.
______