S.Amdt. 3052Senate114th Congress (2015-2017)2nd degree
S.Amdt. 3052
Sponsored by
Sen. Jeff Flake (R-AZ)
Submitted January 28, 2016
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Senate amendment submitted
January 28, 2016
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Senate amendment submitted
January 28, 2016
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Senate amendment submitted
January 28, 2016
Text
Submitted
SA 3052. Mr. FLAKE (for himself, Mr. McCain, Mr. Lankford, and Mr. Sessions) submitted an amendment intended to be proposed to amendment SA 2953 proposed by Ms. Murkowski to the bill S. 2012, to provide for the modernization of the energy policy of the United States, and for other purposes; 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.''. ______