S.Amdt. 854

SA 854. Mr. CASEY (for himself, Mr. Alexander, Mr. Blunt, Mrs. McCaskill, Ms. Landrieu, Ms. Stabenow, Mr. Franken, and Mr. Harkin) submitted an amendment intended to be proposed by him to the bill S. 601, to provide for the conservation and development of water and related resources, to authorize the Secretary of the Army to construct various projects for improvements to rivers and harbors of the United States, and for other purposes; which was ordered to lie on the table; as follows:

Beginning on page 289, strike line 16 and all that follows through page 291, line 11, and insert the following:

SEC. 7005. REVISION TO THE INLAND WATERWAYS TRUST FUND FINANCING RATE.

(a) In General.--Subparagraph (A) of section 4042(b)(2) of the Internal Revenue Code of 1986 is amended to read as follows:

“(A) The Inland Waterways Trust Fund financing rate is 29 cents per gallon.”.

(b) Effective Date.--The amendment made by this section shall apply to uses during calendar quarters beginning more than 60 days after the date of the enactment of this Act.