S.Amdt. 2889Senate114th Congress (2015-2017)2nd degree
S.Amdt. 2889
Sponsored by
Sen. Jeff Flake (R-AZ)
Submitted December 2, 2015
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Senate amendment submitted
December 2, 2015
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Senate amendment submitted
December 2, 2015
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Senate amendment submitted
December 2, 2015
Text
Submitted
SA 2889. Mr. FLAKE submitted an amendment intended to be proposed to amendment SA 2874 proposed by Mr. McConnell to the bill H.R. 3762, to provide for reconciliation pursuant to section 2002 of the concurrent resolution on the budget for fiscal year 2016; which was ordered to lie on the table; as follows: At the appropriate place, insert the following: SEC. __. SUSPENSION OF SPECIFIED ENERGY GRANTS. Section 1603 of division B of the American Recovery and Reinvestment Act of 2009 is amended by adding at the end the following new subsection: ``(k) Special Rule.--The Secretary of the Treasury shall not make any grant to any person under this section after the date of the enactment of this subsection and before the date that both the Inspector General of the Department of the Treasury and the Treasury Inspector General for Tax Administration have completed and submitted to Congress a comprehensive investigation relating to fraud with respect to the grants allowed under this section, including fraud-- ``(1) through overestimating the cost bases of property for purposes of collecting such grants, and ``(2) through claiming both tax benefits and grants with respect to the same property.''. ______