S.Amdt. 2491

SA 2491. Mr. KIM submitted an amendment intended to be proposed to
amendment SA 2360 proposed by Mr. Thune (for Mr. Graham) to the bill
H.R. 1, to provide for reconciliation pursuant to title II of H. Con.
Res. 14; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. __. TRUST FUND TO COMPENSATE UNITED STATES MANUFACTURERS
FOR COST INCREASES ATTRIBUTABLE TO TARIFFS.

(a) Establishment of Trust Fund.--There is established in
the Treasury of the United States a trust fund, consisting
of--
(1) amounts transferred to the trust fund under subsection
(b); and
(2) any amounts that may be credited to the trust fund
under subsection (c).
(b) Transfer of Amounts.--
(1) In general.--For fiscal year 2026 and each fiscal year
thereafter, the Secretary of the Treasury shall transfer to
the trust fund established under subsection (a), from the
general fund of the Treasury, an amount (subject to paragraph
(2)) equivalent to the amount received into the general fund
during that fiscal year and attributable to duties imposed on
or after January 20, 2025.
(2) Limitation.--The Secretary may transfer not more than
$1,000,000,000 to the trust fund established under subsection
(a) in a fiscal year.
(3) Frequency of transfers.--The Secretary shall transfer
amounts required by this subsection to the trust fund
established under subsection (a) not less frequently than
quarterly.
(c) Investment of Amounts.--
(1) Investment of amounts.--The Secretary shall invest such
portion of the trust fund established under subsection (a) as
is not required to meet current withdrawals in interest-
bearing obligations of the United States or in obligations
guaranteed as to both principal and interest by the United
States.
(2) Interest and proceeds.--The interest on, and the
proceeds from the sale or redemption of, any obligations held
in the trust fund established under subsection (a) shall be
credited to and form a part of the trust fund.
(d) Availability of Amounts in Trust Fund.--Amounts in the
trust fund established under subsection (a) shall be
available, without further appropriation, to the Secretary to
provide payments to manufacturers in the United States to
compensate such manufacturers for increases in the cost of
manufacturing inputs attributable to duties imposed on or
after January 20, 2025.
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