S.Amdt. 392

SA 392. Mr. INHOFE submitted an amendment intended to be proposed by
him to the bill H.R. 2810, to authorize appropriations for fiscal year
2018 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 the end of subtitle B of title XXVIII, add the
following:

SEC. 2816. TREATMENT AS IN-KIND CONSIDERATION OF FINANCIAL
SUPPORT AND SERVICES PROVIDED BY FINANCIAL
INSTITUTIONS ON LAND LEASED ON MILITARY
INSTALLATIONS.

Section 2667 of title 10, United States Code, is amended--
(1) in subsection (b)(4), by inserting ``, except as
otherwise provided in subsection (c)(4),'' after ``amount
that''; and
(2) in subsection (c), by adding at the end the following
new paragraph:
``(4)(A) In the case of a lease under this section that is
entered into during the period described in subparagraph (C)
with an insured depository institution chartered by the
Federal Government or a State, the Secretary concerned may
deem financial support and services provided by the insured
depository institution to members of the armed forces,
civilian employees of the Department of Defense, and their
dependents as sufficient in-kind consideration to cover all
lease, services, and utilities costs assessed with regard to
the leased property.
``(B) The Secretary concerned may renegotiate the terms of
a lease under this section that was entered into prior to the
period described in subparagraph (C) with an insured
depository institution to apply subparagraph (A) to the lease
as if such subparagraph were in effect at the time the
Secretary entered into the lease.
``(C) The period described in this subparagraph is the
period that begins on the date of the enactment of the
National Defense Authorization Act for Fiscal Year 2018 and
ends on September 30, 2023.''.
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