,,ii  #aaeth ,,congress  #ast ,session  
,s4 #acdb  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,june #ab1     
#bjag,mr4 ,booker 7for himself and ,mr4 
,lankford7 introduced the following     
bill2 which was read twice and referred 
to the ,committee on ,finance  ,a ,,bill
  ,to amend the ,internal ,revenue ,code
 of #aihf to treat obligations financing
 professional sports stadiums as private
 activity bonds if such obligations meet
 the private business use test4  #a4    
,short title ,this ,act may be cited as 
the ,eliminating ,federal ,tax          
,subsidies for ,stadiums ,act of #bjag4 
#b4 ,eliminating ,federal tax           
subsidization of professional sports    
stadiums  7a7 ,treatment of certain     
obligations financing professional      
sports stadiums as private activity     
bonds ,section #ada7;b7 of the ,internal
 ,revenue ,code of #aihf is amended by  
adding at the end the following new     
paragraph3  7#aj7 ,special rule for     
professional sports stadiums  7,a7 ,in  

general ,in the case of any issue any   
proceeds of which are to be used to     
provide a professional sports stadium1  
such issue shall be treated as meeting  
the private security or payment test of 
paragraph 7#b74  7,b7 ,professional     
sports stadium ,for purposes of this    
paragraph1 the term professional sports 
stadium means any facility 7and         
appurtenant real property7 which1 during
 at least #e days during any calendar   
year1 is used as a stadium or arena for 
professional sports exhibitions1 games1 
or training4  4  7b7 ,effective date    
,the amendments made by this section    
shall apply to obligations issued after 
the date of the enactment of this ,act4