S.Amdt. 1397

SA 1397. Ms. DUCKWORTH submitted an amendment intended to be proposed
to amendment SA 1116 proposed by Mr. Enzi to the concurrent resolution
H. Con. Res. 71, establishing the congressional budget for the United
States Government for fiscal year 2018 and setting forth the
appropriate budgetary levels for fiscal years 2019 through 2027; which
was ordered to lie on the table; as follows:

At the end of subtitle A of title IV, add the following:

SEC. 41_. POINT OF ORDER AGAINST ANY TAX-RELATED LEGISLATION
THAT DOES NOT ELIMINATE THE CARRIED INTEREST
LOOPHOLE AND USE THE INCREASE IN REVENUE TO
FUND CLEAN WATER AND RURAL DEVELOPMENT
PROGRAMS.

(a) Point of Order.--It shall not be in order in the Senate
to consider any bill, joint resolution, motion, amendment,
amendment between the Houses, or conference report that
amends the Internal Revenue Code of 1986 and that does not
eliminate the carried interest loophole and use the increase
in revenue to fund the clean water state revolving fund, the
safe drinking water state revolving fund, and the Department
of Agriculture's rural development programs.
(b) Waiver and Appeal.--Subsection (a) may be waived or
suspended in the Senate only by an affirmative vote of three-
fifths of the Members, duly chosen and sworn. An affirmative
vote of three-fifths of the Members of the Senate, duly
chosen and sworn, shall be required to sustain an appeal of
the ruling of the Chair on a point of order raised under
subsection (a).
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