S.Amdt. 3754

SA 3754. Mr. DAINES 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, insert the following:

SEC. __. INTEREST ON FUNDS PROVIDED TO THE FEDERAL
COMMUNICATIONS COMMISSION.

(a) In General.--The Secretary of the Treasury shall not
charge interest on funds provided to the Federal
Communications Commission in accordance with section 5404 of
the Servicemember Quality of Life Improvement and National
Defense Authorization Act for Fiscal Year 2025 (Public Law
118-159; 138 Stat. 2450).
(b) Return of Interest.--Any interest described in
subsection (a) already collected by the Secretary of the
Treasury shall be returned to the Federal Communications
Commission for the use consistent with the purposes of
section 5404 of the Servicemember Quality of Life Improvement
and National Defense Authorization Act for Fiscal Year 2025
(Public Law 118-159; 138 Stat. 2450) as though the interest
had not been paid in interest to the Secretary of the
Treasury.
(c) Unpaid Interest.--The obligation of the Federal
Communications Commission to pay any unpaid interest which
has accrued on the funds described in subsection (a) is
terminated.
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