To establish a deficit-neutral reserve fund to strengthen waterborne commerce in our ports and harbors, which may include increasing the percentage of the amounts expended from the Harbor Maintenance Trust Fund that are dedicated to port infrastructure and maintenance.

1. Adds SEC. 3__. DEFICIT-NEUTRAL RESERVE FUND RELATING TO STRENGTHENING WATERBORNE COMMERCE IN OUR PORTS AND HARBORS at the end of title III

   Adds a section

   In S.Con.Res. 11 · Placed on Calendar Senate

   The Chairman of the Committee on the Budget of the Senate may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution for one or more bills, joint resolutions, amendments, amendments between the Houses, motions, or conference reports relating to a prohibition, except in the case of Federal assistance provided in response to a natural disaster, on any entity of the Federal Government from providing funds to State and local governments to prevent receivership or to facilitate exit from receivership or to prevent default on its obligations by a State government, by the amounts provided in such legislation for that purpose, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2016 through 2020 or the period of the total of fiscal years 2016 through 2025.

   Inserted: SEC. 3__. DEFICIT-NEUTRAL RESERVE FUND RELATING TO STRENGTHENING WATERBORNE COMMERCE IN OUR PORTS AND HARBORS.

   Inserted: The Chairman of the Committee on the Budget of the Senate may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution for one or more bills, joint resolutions, amendments, amendments between the Houses, motions, or conference reports relating to strengthening waterborne commerce in our ports and harbors, which may include increasing the amounts expended from the Harbor Maintenance Trust Fund that are dedicated to port infrastructure and maintenance in accordance with section 2101(b) of the Water Resources Reform and Development Act of 2014 (Public Law 113-121), by the amounts provided in such legislation for those purposes, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2016 through 2020 and the period of the total of fiscal years 2016 through 2025.

   Original wording

   At the end of title III, add the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed