S.Amdt. 1727

SA 1727. Mr. RISCH (for himself and Mr. Crapo) submitted an amendment
intended to be proposed to amendment SA 1618 proposed by Mr. McConnell
(for Mr. Hatch (for himself and Ms. Murkowski)) to the bill H.R. 1, to
provide for reconciliation pursuant to titles II and V of the
concurrent resolution on the budget for fiscal year 2018; which was
ordered to lie on the table; as follows:

At the appropriate place in title I, insert the following:

SEC. __. MODIFICATION TO CALCULATION OF INTEREST LIMITATIONS.

(a) Limitation on Deduction for Interest.--Paragraph (6) of
section 163(j) (as amended by section 13301 of this Act) is
amended by inserting ``, including related party interest
includible under sections 951 or 954 and operating lease
income'' after ``business''.
(b) Denial of Deduction for Interest Expense of Certain
United States Shareholders.--Subsection (n)(4)(B)(ii) of
section 163 (as added by section 14221 of this Act) is
amended by inserting ``and operating lease income'' after
``interest''.
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