To restore sums to the Highway Trust Fund.

SA 2223. Mr. SESSIONS proposed an amendment to the bill H.R. 3357, to
restore sums to the Highway Trust Fund, and for other purposes; as
follows:

[[Page S8607]]

Strike all after the enacting caluse and replace:

SECTION 1. FUNDING OF THE HIGHWAY TRUST FUND.

Subsection (f) of section 9503 of the Internal Revenue Code
of 1986 (relating to determination of trust fund balances
after September 30, 1998) is amended--
(1) by striking paragraph (2), and
(2) by adding at the end of the following new paragraph:
``(2) Increase in fund balance.--Out of money in the
Treasury not otherwise appropriated, there is hereby
appropriated (without fiscal year limitation) to the Highway
Trust Fund $7,000,000,000.''.

SEC. 2. ADVANCES TO THE UNEMPLOYMENT TRUST FUND AND OTHER
FUNDS.

The item relating to ``Department of Labor--Employment and
Training Administration--Advances to the Unemployment Trust
Fund and Other Funds'' in title I of division F of the
Omnibus Appropriations Act, 2009 (Public Law 111-8; 123 Stat.
754) is amended by striking ``to remain available through
September 30, 2010'' and all that follows (before the heading
for the following item) and inserting ``such sums as may be
necessary''.

SEC. 3. FHA MORTGAGE INSURANCE COMMITMENT AUTHORITY.

The item relating to ``Federal Housing Administration--
Mutual Mortgage Insurance Program Account'' in title II of
division I of the Omnibus Appropriations Act, 2009 (Public
Law 111-8; 123 Stat. 966) is amended by striking
``$315,000,000,000'' and inserting ``$400,000,000,000''.

SEC. 4. GNMA MORTGAGE-BACKED SECURITIES GUARANTEE COMMITMENT
AUTHORITY

The item relating to ``Government National Mortgage
Association--Guarantees of Mortgage-Backed Securities Loan
Guarantee Program Account'' in title II of division I of the
Omnibus Appropriations Act, 2009 (Public Law 111-8; 123 Stat.
967) is amended by striking ``$300,000,000,000'' and
inserting ``$400,000,000,000''.

SEC. 5. USE OF STIMULUS FUNDS TO OFFSET APPROPRIATION OF
FUNDS.

The unobligated balance of each amount appropriated or made
available under the American Recovery and Reinvestment Act of
2009 (Public Law 111-5) is rescinded pro rata such that the
aggregate amount of such rescissions equals the aggregate
amount appropriated under the amendments made by this Act.
The Director of the Office of Management and Budget shall
report to each congressional committee the amounts so
rescinded within the jurisdiction of such committee.
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