S.Amdt. 1652

SA 1652. Mr. CRUZ submitted an amendment intended to be proposed to
amendment SA 1617 proposed by Mr. Gardner (for himself, Mr. Manchin,
Mr. Daines, Mr. Warner, Mr. Portman, Ms. Cantwell, Mr. Alexander, Mr.
King, Mr. Burr, Mr. Tester, Ms. Collins, Mr. Udall, Mr. Boozman, Mr.
Schumer, Mr. Blunt, Ms. Harris, Mrs. Capito, Mr. Peters, Mr. Tillis,
Ms. Baldwin, Ms. McSally, Mr. Casey, Mr. Graham, Mr. Heinrich, Mr.
Bennet, Mrs. Feinstein, Mr. Sanders, Mr. Booker, Ms. Cortez Masto, Mr.
Merkley, Mr. Wyden, Mr. Kaine, Ms. Sinema, Ms. Rosen, Mr. Coons, Ms.
Smith, Ms. Hassan, Mrs. Gillibrand, Mrs. Murray, Mr. Durbin, Mrs.
Shaheen, Mr. Blumenthal, Mr. Jones, Mr. Van Hollen, Mr. Menendez, Mr.
Cardin, Mr. Brown, Ms. Hirono, Ms. Warren, Mr. Murphy, Ms. Klobuchar,
Ms. Duckworth, Ms. Stabenow, Mr. Leahy, Mr. McConnell, Mr. Markey, Mr.
Roberts, Mr. Perdue, Mr. Cramer, and Mr. Schatz) to the bill H.R. 1957,
to amend the Internal Revenue Code of 1986 to modernize and improve the
Internal Revenue Service, and for other purposes; which was ordered to
lie on the table; as follows:

In section 200402(b) of title 54, United States Code (as
added by section 2(a)), strike paragraph (1) and insert the
following:
``(1) Source of deposits.--
``(A) In general.--Not later than December 31, 2020, the
Secretary shall--
``(i) examine the most-recent inventory of all federally
owned public land, and the resources and other values of that
land, maintained pursuant to section 201(a) of the Federal
Land Policy and Management Act of 1976 (43 U.S.C. 1711(a));
``(ii) of the public land included in the inventory
described in clause (i), identify parcels with a cumulative
value equal to not more than $12,000,000,000 that would be
appropriate to sell, in accordance with section 203 of that
Act (43 U.S.C. 1713); and
``(iii) publish in the Federal Register a detailed list of
each parcel of public land identified under clause (ii),
together with--

``(I) an estimate of the fair market value of each such
parcel; and
``(II) a 5-year schedule by which the Secretary proposes to
sell, or cause a covered agency to sell, the parcels to the
public, subject to the condition that the sales shall be--

``(aa) conducted as soon as practicable during each
scheduled fiscal year to allow for appropriate planning in
expending amounts in the Fund;
``(bb) conducted through--
``(AA) public auction; or
``(BB) closed-bid auction; and
``(cc) to the maximum extent practicable, projected to
generate total proceeds equal to not less than $1,900,000,000
during each of fiscal years 2021 through 2025.
``(B) Cooperation by covered agencies.--The head of each
covered agency shall sell each parcel of public land
identified by the Secretary under subparagraph (A)(i) that is
under the jurisdiction of the covered agency, in accordance
with the schedule published by the Secretary under
subparagraph (A)(iii)(II).
``(C) Deposit in fund.--
``(i) In general.--The net proceeds from each sale of
public land pursuant to this paragraph shall be deposited in
the Fund, subject to paragraph (2).
``(ii) Treatment.--Notwithstanding any other provision of
law--

``(I) the Fund shall consist only of the net proceeds
deposited in the Fund pursuant to clause (i); and
``(II) no amounts other than the amounts referred to in
subclause (I) may be deposited in the Fund.

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