CONGRESS FOR VOTERS

Mike Lee (R-UT)

S.Amdt. 6538

S.Amdt. 6538 · Senate amendment

A Republican amendment with 1 Republican cosponsor · See the cosponsor

Changes S. 4784 — National Defense Authorization Act for Fiscal Year 2027

Offered

Offered, and not voted on yet. Most amendments never get a vote: the Senate takes up the bill and moves on without them.

Its path through Congress

  1. Introduced
  2. Pending Consideration

What this amendment would do

SA 6538, submitted by Mr. Lee and Mr. Curtis, aims to change the rules regarding how proceeds from leases are handled.

Specifically, it adds an exception to Section 2667(e)(1)(B) of title 10, United States Code. This exception allows for in-kind consideration from a lease to be held in a Federally-insured deposit account.

The account must be owned by a State or a political subdivision of a State, and that entity must act as a trustee for the account with a fiduciary duty to the United States, based on terms approved by the Secretary.