Congress should consider banning colleges from using tax-exempt bonds to finance sports facilities if it fears high-profile collegiate sports programs are becoming too commercial, a new report from the Congressional Budget Office released this week recommends.

Sen. Charles Grassley, R-Iowa, the Senate Finance Committee's ranking minority member who commissioned the report, said lawmakers need to take a closer look at whether or not college sports facilities should receive the benefits of tax exemption in light of their commercial success.

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