S.Amdt. 2381
What it does: 17 changes: replaces text in 13 places, inserts text in 2 places, strikes text in 2 places
Sen. John Cornyn (R-TX)What it changes
17 changes to H.R. 22
We couldn't match these changes to the text of H.R. 22, so they're shown as written.
We couldn't read part of this amendment. That part is shown as written below.
Change 1: Rewrites page 14, lines 11–12
ReplacesPrinted pageRemoves page 14, lines 11–12 of the printed bill. See that page
Inserted: (B) $600,000,000 for fiscal year 2017;
Inserted: (C) $650,000,000 for fiscal year 2018;
Inserted: (D) $700,000,000 for each of fiscal years 2019, 2020, and 2021.
Original wording
On page 14, strike lines 11 and 12 and insert the following:
Change 2: Rewrites page 17, lines 1–10
ReplacesPrinted pageRemoves page 17, lines 1–10 of the printed bill. See that page
Inserted: (b) Assistance for Major Projects Program.--There are authorized to be appropriated out of the general fund of the Treasury to carry out the assistance for major projects program under section 171 of title 23, United States Code--
Inserted: (1) $250,000,000 for fiscal year 2016;
Inserted: (2) $300,000,000 for fiscal year 2017;
Inserted: (3) $350,000,000 for fiscal year 2018;
Inserted: (4) $400,000,000 for fiscal year 2019;
Inserted: (5) $400,000,000 for fiscal year 2020; and
Inserted: (6) $400,000,000 for fiscal year 2021.
Original wording
On page 17, strike lines 1 through 10 and insert the following:
Change 3: Replaces “(b)” with “(c)”
[struck: (b)][inserted: (c)]Original wording
On page 17, line 11, strike “(b)” and insert “(c)”.
Change 4: Replaces “(c)” with “(d)”
[struck: (c)][inserted: (d)]Original wording
On page 19, line 13, strike “(c)” and insert “(d)”.
Change 5: Replaces “(d)” with “(e)”
[struck: (d)][inserted: (e)]Original wording
On page 24, line 21, strike “(d)” and insert “(e)”.
Change 6: Rewrites page 215, lines 7–13
ReplacesPrinted pageRemoves page 215, lines 7–13 of the printed bill. See that page
Inserted: (6) by striking paragraph (15) and inserting the following:
Inserted: "(15) Rural infrastructure project.--
Inserted: "(A) In general.--The term 'rural infrastructure project' means a surface transportation infrastructure project located in an area that is outside of an urbanized area with a population greater than 150,000 individuals, as determined by the Bureau of the Census.
Inserted: "(B) Inclusions.--The term 'rural infrastructure project' includes--
Inserted: "(i) the portion of a project--
Inserted: "(I) that lies both within and outside of the urbanized area described in subparagraph (A); and
Inserted: "(II) for which not more than 50 percent of the estimated eligible project costs are attributable to the portion outside of the urbanized area described in subparagraph (A); and
Inserted: "(ii) a project--
Inserted: "(I) that lies both within and outside of the urbanized area described in subparagraph (A); and
Inserted: "(II) for which more than 50 percent of the estimated eligible project costs are attributable to the portion outside of the urbanized area described in subparagraph (A).";
Original wording
On page 215, strike lines 7 through 13 and insert the following:
Change 7: Rewrites page 216, lines 19–20
ReplacesPrinted pageRemoves page 216, lines 19–20 of the printed bill. See that page
Inserted: (B) in paragraph (2)--
Inserted: (i) in subparagraph (A)--
Inserted: (I) in the matter preceding clause (i), by striking "this chapter" and inserting "the TIFIA program";
Inserted: (II) by striking clause (ii) and inserting the following:
Inserted: "(ii) adequate coverage requirements to ensure repayment, which shall--
Inserted: "(I) be defined by the Secretary using an average ratio of net revenues to TIFIA debt service credit assistance; and
Inserted: "(II) include separate adequate coverage requirements, as defined by the Secretary, if the Federal credit instrument is--
Inserted: "(aa) the senior debt; or
Inserted: "(bb) subordinate debt."; and
Inserted: (III) in clause (iv), by striking "$75,000,000" and inserting "$150,000,000"; and
Inserted: (ii) in subparagraph (B), by striking "$75,000,000" and inserting "$150,000,000";
Original wording
On page 216, strike lines 19 and 20 and insert the following:
Change 8: Inserts new text on page 219, between lines 2 and 3
InsertsPrinted pageInserted: (E) by striking paragraph (8) and inserting the following:
Inserted: "(8) Letters of interest and applications where obligor will be identified later.--A State, local government, agency or instrumentality of a State or local government, or public authority may submit to the Secretary a letter of interest under paragraph (1) or an application under paragraph (4), under which a private party to a public-private partnership will be--
Inserted: "(A) the obligor; and
Inserted: "(B) identified later through completion of a procurement and selection of the private party.";
Original wording
On page 219, between lines 2 and 3, insert the following:
Change 9: Replaces “(E)” with “(F)”
[struck: (E)][inserted: (F)]Original wording
On page 219, line 3, strike “(E)” and insert “(F)”.
Change 10: Rewrites page 219, lines 7–18
ReplacesPrinted pageRemoves page 219, lines 7–18 of the printed bill. See that page
Inserted: (G) by striking paragraph (10) and inserting the following:
Inserted: "(10) Project readiness.--
Inserted: "(A) In general.--Except as provided in subparagraph (B), to be eligible for assistance under the TIFIA program, the applicant shall demonstrate that the public agency process for contracting for project construction or major equipment acquisition--
Inserted: "(i) commenced prior to the application for credit assistance; and
Inserted: "(ii) is continuing or completed.
Original wording
On page 219, strike lines 7 through 18 and insert the following:
Change 11: Rewrites page 220, lines 8–9
ReplacesPrinted pageRemoves page 220, lines 8–9 of the printed bill. See that page
Inserted: (2) in subsection (b)--
Inserted: (A) in paragraph (1), by inserting "letter of interest and" before "application process"; and
Inserted: (B) by striking paragraph (2) and inserting the following:
Original wording
On page 220, strike lines 8 and 9 and insert the following:
Change 12: Strikes “and”
Struck: and
Original wording
On page 221, line 3, strike “and” at the end.
Change 13: Rewrites page 221, lines 4–5
ReplacesPrinted pageRemoves page 221, lines 4–5 of the printed bill. See that page
Inserted: (4) by striking subsection (d) and inserting the following:
Inserted: "(d) Letter of Interest and Application Processing Procedures.--
Inserted: "(1) Letter of interest.--
Inserted: "(A) In general.--A letter of interest shall provide the Secretary with sufficient information to determine actual satisfaction of the eligibility requirements other than creditworthiness, and a reasonable expectation of creditworthiness, and the Secretary shall not require any other information other than the information described in section 601(a).
Inserted: "(B) Due diligence materials.--
Inserted: "(i) In general.--An applicant shall submit--
Inserted: "(I) a letter of interest; and
Inserted: "(II) a preliminary rating opinion letter, a working financial model, and a traffic and revenue study, if applicable.
Inserted: "(ii) Materials not submitted.--If an applicant does not submit the items described in clause (i)(II), the Secretary may--
Inserted: "(I) require that the applicant submit those items in order to establish a reasonable expectation of creditworthiness; or
Inserted: "(II) defer receipt and evaluation of those items to the application stage.
Inserted: "(C) Notice of complete letter of interest.--Not later than 30 days after the date on which the Secretary receives a letter of interest under subparagraph (B), the Secretary shall provide to the applicant a written notice that states whether--
Show 9 more inserted paragraphsShow less
Inserted: "(i) the letter of interest is complete; or
Inserted: "(ii) additional information or materials are needed to complete the eligibility determination, including identification of the additional information or materials requested.
Inserted: "(2) Response to letter of interest.--Not later than 60 days after the date on which, in the determination of the Secretary, all items required under subparagraph (B) have been received, the Secretary shall provide to the applicant a written notice that states that--
Inserted: "(A)(i) the project is eligible or reasonably expected to meet eligibility requirements; and
Inserted: "(ii) the applicant has the opportunity to submit an application; or
Inserted: "(B) the project is ineligible, and identifies weaknesses and clarifications that should be addressed in a future application.".
Inserted: (5) in subsection (e), by striking "this chapter" and inserting "the TIFIA program"; and
Inserted: (6) by adding at the end the following:
Inserted: "(f) Traffic and Revenue Studies.--The Secretary shall issue guidance on practices and standards for traffic and revenue studies acceptable for determining creditworthiness of the Federal credit instrument secured by toll revenues, including for managed lane projects.".
Original wording
On page 221, strike lines 4 and 5 and insert the following:
Change 14: Strikes “and”
Struck: and
Original wording
On page 225, line 12, strike “and” at the end.
Change 15: Inserts new text on page 225, between lines 12 and 13
InsertsPrinted pageInserted: (C) in paragraph (4), by adding at the end the following:
Inserted: "(D) Limitations.--
Inserted: "(i) Eligible uses.--To the maximum extent practicable, the Secretary shall use amounts made available under this paragraph to obligate funds for eligible purposes.
Inserted: "(ii) Limitations.--The Secretary may not carry out a redistribution under this paragraph--
Inserted: "(I) for any fiscal year in which such redistribution would adversely impact the receipt of credit assistance by a qualified project within such fiscal year; or
Inserted: "(II) if the budget authority determined to be necessary to cover all requests for credit assistance pending before the Department of Transportation on April 1 would reduce the uncommitted balance of funds below the threshold established in subparagraph (A)."; and
Original wording
On page 225, between lines 12 and 13, insert the following:
Change 16: Replaces “(C)” with “(D)”
[struck: (C)][inserted: (D)]Original wording
On page 225, line 13, strike “(C)” and insert “(D)”.
Change 17: Rewrites page 225, lines 15–18
ReplacesPrinted pageRemoves page 225, lines 15–18 of the printed bill. See that page
Inserted: (h) Reports to Congress.--Section 609 of title 23, United States Code, is amended--
Inserted: (1) by striking "this chapter (other than section 610)" each place it appears and inserting "the TIFIA program";
Inserted: (2) in subsection (b)--
Inserted: (A) in paragraph (1), by striking "from project sponsors"; and
Inserted: (B) in paragraph (2), in each of clauses (ii) and (iii), by inserting "letter of interest or" before "application" each place it appears; and
Inserted: (3) by adding at the end the following:
Inserted: "(c) Monthly Status Reports.--
Inserted: "(1) In general.--On a monthly basis, the Secretary shall publish on the website for the TIFIA program a current status report on all letters of interest and applications received for assistance under the TIFIA program.
Inserted: "(2) Inclusions.--Each status report under paragraph (1) shall include, at a minimum, with respect to each project included in the status report--
Inserted: "(A) the name of the party submitting the letter of interest or application;
Inserted: "(B) the name of the project;
Inserted: "(C) the date the letter of interest or application was received;
Show 11 more inserted paragraphsShow less
Inserted: "(D) the estimated project eligible costs;
Inserted: "(E) the type of credit assistance sought;
Inserted: "(F) the amount of assistance sought;
Inserted: "(G) the anticipated fiscal year and quarter for closing of the credit assistance;
Inserted: "(H) the expected sources of funds to be pledged to repay the credit assistance;
Inserted: "(I) the subsidy amount or, if not yet known, the estimated subsidy amount;
Inserted: "(J) the status of the credit assistance (eligibility review, credit review, application review, negotiation, closing);
Inserted: "(K) a description of Credit Council actions, if any;
Inserted: "(L) a copy of the letter of interest and application;
Inserted: "(M) a copy of the preliminary term sheet and final term sheet; and
Inserted: "(N) a copy of any executed Federal credit instruments.".
Original wording
On page 225, strike lines 15 through 18 and insert the following:
Shown as written
title 23, United States Code--(A) $550,000,000 for fiscal year 2016;
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 2381. Mr. CORNYN submitted an amendment intended to be proposed by him to the bill H.R. 22, to amend the Internal Revenue Code of 1986 to exempt employees with health coverage under TRICARE or the Veterans Administration from being taken into account for purposes of determining the employers to which the employer mandate applies under the Patient Protection and Affordable Care Act; which was ordered to lie on the table; as follows:
On page 14, strike lines 11 and 12 and insert the following: title 23, United States Code--
(A) $550,000,000 for fiscal year 2016;
(B) $600,000,000 for fiscal year 2017;
(C) $650,000,000 for fiscal year 2018;
(D) $700,000,000 for each of fiscal years 2019, 2020, and 2021.
On page 17, strike lines 1 through 10 and insert the following:
(b) Assistance for Major Projects Program.--There are authorized to be appropriated out of the general fund of the Treasury to carry out the assistance for major projects program under section 171 of title 23, United States Code--
(1) $250,000,000 for fiscal year 2016;
(2) $300,000,000 for fiscal year 2017;
(3) $350,000,000 for fiscal year 2018;
(4) $400,000,000 for fiscal year 2019;
(5) $400,000,000 for fiscal year 2020; and
(6) $400,000,000 for fiscal year 2021.
On page 17, line 11, strike “(b)” and insert “(c)”.
On page 19, line 13, strike “(c)” and insert “(d)”.
On page 24, line 21, strike “(d)” and insert “(e)”.
On page 215, strike lines 7 through 13 and insert the following:
(6) by striking paragraph (15) and inserting the following:
“(15) Rural infrastructure project.--
“(A) In general.--The term ‘rural infrastructure project' means a surface transportation infrastructure project located in an area that is outside of an urbanized area with a population greater than 150,000 individuals, as determined by the Bureau of the Census.
“(B) Inclusions.--The term ‘rural infrastructure project' includes--
“(i) the portion of a project--
“(I) that lies both within and outside of the urbanized area described in subparagraph (A); and
“(II) for which not more than 50 percent of the estimated eligible project costs are attributable to the portion outside of the urbanized area described in subparagraph (A); and
“(ii) a project--
“(I) that lies both within and outside of the urbanized area described in subparagraph (A); and
“(II) for which more than 50 percent of the estimated eligible project costs are attributable to the portion outside of the urbanized area described in subparagraph (A).”;
On page 216, strike lines 19 and 20 and insert the following:
(B) in paragraph (2)--
(i) in subparagraph (A)--
(I) in the matter preceding clause (i), by striking “this chapter” and inserting “the TIFIA program”;
(II) by striking clause (ii) and inserting the following:
“(ii) adequate coverage requirements to ensure repayment, which shall--
“(I) be defined by the Secretary using an average ratio of net revenues to TIFIA debt service credit assistance; and
“(II) include separate adequate coverage requirements, as defined by the Secretary, if the Federal credit instrument is--
“(aa) the senior debt; or
“(bb) subordinate debt.”; and
(III) in clause (iv), by striking “$75,000,000” and inserting “$150,000,000”; and
(ii) in subparagraph (B), by striking “$75,000,000” and inserting “$150,000,000”;
On page 219, between lines 2 and 3, insert the following:
(E) by striking paragraph (8) and inserting the following:
“(8) Letters of interest and applications where obligor will be identified later.--A State, local government, agency or instrumentality of a State or local government, or public authority may submit to the Secretary a letter of interest under paragraph (1) or an application under paragraph (4), under which a private party to a public-private partnership will be--
“(A) the obligor; and
“(B) identified later through completion of a procurement and selection of the private party.”;
On page 219, line 3, strike “(E)” and insert “(F)”.
On page 219, strike lines 7 through 18 and insert the following:
(G) by striking paragraph (10) and inserting the following:
“(10) Project readiness.--
“(A) In general.--Except as provided in subparagraph (B), to be eligible for assistance under the TIFIA program, the applicant shall demonstrate that the public agency process for contracting for project construction or major equipment acquisition--
“(i) commenced prior to the application for credit assistance; and
“(ii) is continuing or completed.
On page 220, strike lines 8 and 9 and insert the following:
(2) in subsection (b)--
(A) in paragraph (1), by inserting “letter of interest and” before “application process”; and
(B) by striking paragraph (2) and inserting the following:
On page 221, line 3, strike “and” at the end.
On page 221, strike lines 4 and 5 and insert the following:
(4) by striking subsection (d) and inserting the following:
“(d) Letter of Interest and Application Processing Procedures.--
“(1) Letter of interest.--
“(A) In general.--A letter of interest shall provide the Secretary with sufficient information to determine actual satisfaction of the eligibility requirements other than creditworthiness, and a reasonable expectation of creditworthiness, and the Secretary shall not require any other information other than the information described in section 601(a).
“(B) Due diligence materials.--
“(i) In general.--An applicant shall submit--
“(I) a letter of interest; and
“(II) a preliminary rating opinion letter, a working financial model, and a traffic and revenue study, if applicable.
“(ii) Materials not submitted.--If an applicant does not submit the items described in clause (i)(II), the Secretary may--
“(I) require that the applicant submit those items in order to establish a reasonable expectation of creditworthiness; or
“(II) defer receipt and evaluation of those items to the application stage.
“(C) Notice of complete letter of interest.--Not later than 30 days after the date on which the Secretary receives a letter of interest under subparagraph (B), the Secretary shall provide to the applicant a written notice that states whether--
“(i) the letter of interest is complete; or
“(ii) additional information or materials are needed to complete the eligibility determination, including identification of the additional information or materials requested.
“(2) Response to letter of interest.--Not later than 60 days after the date on which, in the determination of the Secretary, all items required under subparagraph (B) have been received, the Secretary shall provide to the applicant a written notice that states that--
“(A)(i) the project is eligible or reasonably expected to meet eligibility requirements; and
“(ii) the applicant has the opportunity to submit an application; or
“(B) the project is ineligible, and identifies weaknesses and clarifications that should be addressed in a future application.”.
(5) in subsection (e), by striking “this chapter” and inserting “the TIFIA program”; and
(6) by adding at the end the following:
“(f) Traffic and Revenue Studies.--The Secretary shall issue guidance on practices and standards for traffic and revenue studies acceptable for determining creditworthiness of the Federal credit instrument secured by toll revenues, including for managed lane projects.”.
On page 225, line 12, strike “and” at the end.
On page 225, between lines 12 and 13, insert the following:
(C) in paragraph (4), by adding at the end the following:
“(D) Limitations.--
“(i) Eligible uses.--To the maximum extent practicable, the Secretary shall use amounts made available under this paragraph to obligate funds for eligible purposes.
“(ii) Limitations.--The Secretary may not carry out a redistribution under this paragraph--
“(I) for any fiscal year in which such redistribution would adversely impact the receipt of credit assistance by a qualified project within such fiscal year; or
“(II) if the budget authority determined to be necessary to cover all requests for credit assistance pending before the Department of Transportation on April 1 would reduce the uncommitted balance of funds below the threshold established in subparagraph (A).”; and
On page 225, line 13, strike “(C)” and insert “(D)”.
On page 225, strike lines 15 through 18 and insert the following:
(h) Reports to Congress.--Section 609 of title 23, United States Code, is amended--
(1) by striking “this chapter (other than section 610)” each place it appears and inserting “the TIFIA program”;
(2) in subsection (b)--
(A) in paragraph (1), by striking “from project sponsors”; and
(B) in paragraph (2), in each of clauses (ii) and (iii), by inserting “letter of interest or” before “application” each place it appears; and
(3) by adding at the end the following:
“(c) Monthly Status Reports.--
“(1) In general.--On a monthly basis, the Secretary shall publish on the website for the TIFIA program a current status report on all letters of interest and applications received for assistance under the TIFIA program.
“(2) Inclusions.--Each status report under paragraph (1) shall include, at a minimum, with respect to each project included in the status report--
“(A) the name of the party submitting the letter of interest or application;
“(B) the name of the project;
“(C) the date the letter of interest or application was received;
“(D) the estimated project eligible costs;
“(E) the type of credit assistance sought;
“(F) the amount of assistance sought;
“(G) the anticipated fiscal year and quarter for closing of the credit assistance;
“(H) the expected sources of funds to be pledged to repay the credit assistance;
“(I) the subsidy amount or, if not yet known, the estimated subsidy amount;
“(J) the status of the credit assistance (eligibility review, credit review, application review, negotiation, closing);
“(K) a description of Credit Council actions, if any;
“(L) a copy of the letter of interest and application;
“(M) a copy of the preliminary term sheet and final term sheet; and
“(N) a copy of any executed Federal credit instruments.”.
Legislative Activity
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Senate amendment submitted
July 26, 2015
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Senate amendment submitted
July 26, 2015
Senate amendment submitted
July 26, 2015