S.Amdt. 3674

SA 3674. Mr. REED submitted an amendment intended to be proposed to
amendment SA 3464 submitted by Mr. Thune (for himself and Mr. Nelson)
to the bill H.R. 636, to amend the Internal Revenue Code of 1986 to
permanently extend increased expensing limitations, and for other
purposes; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. __. REIMBURSEMENT FOR AIRPORT SECURITY PROJECTS.

Paragraph (3) of section 44923(h) is amended to read as
follows:
``(3) Discretionary grants.--
``(A) In general.--Of the amount made available under
paragraph (1) for a fiscal year, up to $ 50,000,000 shall be
used to make discretionary grants, including other
transaction agreements for airport security improvement
projects, with priority given to small hub airports and
nonhub airports.
``(B) Reimbursement.--For each fiscal year, of the amount
available under paragraph (1), up to $20,000,000 shall be
made available for reimbursement to airports that have
incurred eligible costs under section 1604(b)(2) of the
Implementing Recommendations of the 9/11 Commission Act of
2007 (Public Law 110-53; 121 Stat. 481).''.
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