S.Amdt. 2280

SA 2280. Mr. INHOFE submitted an amendment intended to be proposed by
him to the bill H.R. 5515, to authorize appropriations for fiscal year
2019 for military activities of the Department of Defense, for military
construction, and for defense activities of the Department of Energy,
to prescribe military personnel strengths for such fiscal year, and for
other purposes; which was ordered to lie on the table; as follows:

At appropriate place, insert the following:

SEC. ___. TREATMENT OF LEASES OF NON-EXCESS PROPERTY ENTERED
INTO WITH INSURED DEPOSITORY INSTITUTIONS.

Section 2667 of title 10, United States Code, is amended--
(1) in subsection (b)(4), by striking ``amount that'' and
inserting ``amount that, except as provided in subsection
(c)(4),''; and
(2) in subsection (c), by adding at the end the following:
``(4)(A) In this paragraph--
``(i) the term `insured credit union' has the meaning given
the term in section 101 of the Federal Credit Union Act (12
U.S.C. 1752); and
``(ii) the term `insured depository institution' has the
meaning given the term in section 3 of the Federal Deposit
Insurance Act (12 U.S.C. 1813).
``(B) With respect to a lease under this section entered
into with an insured depository institution or any insured
credit union after the date of the enactment of this
paragraph, the Secretary concerned shall accept the financial
services provided by the insured depository institution or
the credit union, as applicable, to members of the armed
forces, civilian employees of the Department of Defense, and
dependents of such members or employees as sufficient in-kind
consideration to cover all lease, services, and utilities
costs assessed with regard to the leased property.
``(C) With respect to a lease under this section that was
entered into with an insured depository institution or credit
union before the date of the enactment of this paragraph, the
Secretary concerned may renegotiate the terms of the lease to
apply subparagraph (A) to the lease as if such subparagraph
was in effect at the time the Secretary entered into the
lease.''.
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