Kent Conrad: “Final question goes to this more nuanced question of basically tax scams, circumstances such as the one I have described…”

“Final question goes to this more nuanced question of basically tax scams, circumstances such as the one I have described earlier today in which U.S. companies and investors are buying foreign assets--for example, sewer systems or public facilities such as commuter rail or other foreign assets--depreciating them on the books here for tax purposes, and then engaging in lease back of those assets to the communities that paid for them in the first place. Would it be correct to assume there is nothing in this amendment that would preclude us from shutting down those abusive tax shelters?”