S.Amdt. 1744

SA 1744. Mr. FLAKE 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:

Strike section 11051 and insert the following:

SEC. ___. ELIMINATION OF WAGERING LOSS DEDUCTION.

(a) In General.--Subsection (d) of section 165 is amended
to read as follows:
``(d) No Deduction of Wagering Losses.--Losses from
wagering transactions shall not be allowed.''.
(b) Effective Date.--The amendment made by this section
shall apply to taxable years beginning after December 31,
2017.
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