S.Amdt. 1742

SA 1742. Mr. HOEVEN submitted an amendment intended to be proposed to

[[Page S7601]]

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, insert the following:

SEC. ___. TREATMENT OF INDIAN TRIBES AS STATES WITH RESPECT
TO BOND ISSUANCE.

(a) Repeal of Essential Governmental Function
Requirement.--Paragraph (1) of section 7871(c) is amended to
read as follows:
``(1) In general.--Subsection (a) of section 103 shall
apply to any obligation (not described in paragraph (2))
issued by an Indian tribal government (or subdivision
thereof) except in the case of any obligation issued as part
of an issue if any portion of the proceeds of such issue are
used to finance--
``(A) any portion of a building in which class II or class
III gaming (as defined in section 4 of the Indian Gaming
Regulatory Act) is conducted or housed or any other property
actually used in the conduct of such gaming, or
``(B) any facility located outside the Indian reservation
(as defined in section 168(j)(6)).''.
(b) Effective Date.--The amendments made by this section
shall apply to obligations issued in calendar years beginning
after the date of the enactment of this Act.
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