S.Amdt. 1438

SA 1438. Mr. DURBIN (for himself, Mr. Reed, Ms. Baldwin, Ms.
Duckworth, Mr. Van Hollen, Mr. Leahy, and Mr. Franken) 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 title III, add the following:

SEC. 3___. DEFICIT-NEUTRAL RESERVE FUND RELATING TO
PROHIBITING INVERTED CORPORATIONS FROM AVOIDING
UNITED STATES TAXES.

The Chairman of the Committee on the Budget of the Senate
may revise the allocations of a committee or committees,
aggregates, and other appropriate levels in this resolution,
and make adjustments to the pay-as-you-go ledger, for one or
more bills, joint resolutions, amendments, amendments between
the Houses, motions, or conference reports relating to
preventing certain corporation from avoiding paying their
fair share of United States taxes, which may include
reforming the definition of an inverted corporation under the
Internal Revenue Code of 1986 or preventing earnings
stripping, by the amounts provided in such legislation for
those purposes, provided that such legislation would not
increase the deficit over either the period of the total of
fiscal years 2018 through 2022 or the period of the total of
fiscal years 2018 through 2027.
______