Political Quotes

“I ask unanimous consent that the bill be read a third time and passed, the motion to reconsider be considered made and laid upon the table, and that the papers be held at the desk. The PRESIDING OFFICER. Without objection, it is so ordered. The bill (S. 2650) was ordered to be engrossed for a third reading, was read the third time, and passed, as follows: S. 2650 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``United States Appreciation for Olympians and Paralympians Act''. SEC. 2. OLYMPIC AND PARALYMPIC MEDALS AND USOC PRIZE MONEY EXCLUDED FROM GROSS INCOME. (a) In General.--Section 74 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: ``(d) Exception for Olympic and Paralympic Medals and Prizes.--Gross income shall not include the value of any medal awarded in, or any prize money received from the United States Olympic Committee on account of, competition in the Olympic Games or Paralympic Games.''. (b) Effective Date.--The amendment made by this section shall apply to prizes and awards received after December 31, 2015. ____________________”