S.Amdt. 3296

SA 3296. Mr. LEE (for himself and Mr. Curtis) submitted an amendment
intended to be proposed by him to the bill S. 2296, to authorize
appropriations for fiscal year 2026 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 appropriate place in title III, insert the
following:

SEC. 3__. EXCEPTION TO REQUIREMENT FOR DEPOSIT AND USE OF
PROCEEDS FROM LEASES IN CASE OF CERTAIN IN-KIND
CONSIDERATION.

Section 2667(e)(1)(B) of title 10, United States Code, is
amended by adding at the end the following new clause:
``(iii) In-kind consideration accepted with respect to a
lease entered into under this section that is held in a
Federally-insured deposit account owned by a State or a
political subdivision of a State with respect to which the
State or political subdivision acts as a trustee for the
account with a fiduciary duty to the United States upon such
terms as the Secretary approves.''.
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