II
Calendar No. 86
111th CONGRESS
1st Session
S. 1344
IN THE SENATE OF THE UNITED STATES
June 24, 2009
Mr. Vitter (for himself, Mr. Kyl, Mr. Brownback, and Mr. Barrasso) introduced the following bill; which was read the first time
June 25, 2009
Read the second time and placed on the calendar
A BILL
To temporarily protect the solvency of the Highway Trust Fund.
Short title
This Act may be cited as
the Highway Investment Protection
Act
.
Temporary protection of Highway Trust Fund solvency
In general
From the amounts appropriated and remaining unobligated under the American Recovery and Reinvestment Act of 2009 (Pub. Law 111-5), the Director of the Office of Management and Budget shall transfer to the Highway Trust Fund such sums as the Secretary of Transportation determines will be necessary to ensure that the Highway Trust Fund balance does not fall below the threshold that would require a change from monthly payments to weekly payments of expenditures from the Highway Trust Fund through September 30, 2010. The Director of the Office of Management and Budget shall report to each congressional committee the amounts so transferred within the jurisdiction of such committee.
Conforming extension of expenditure authority
Subsections (b)(6), (c)(1),
and (e)(3) of section 9503 of the Internal Revenue Code of 1986 are each
amended by striking 2009
each place it appears and inserting
2010
.
June 25, 2009
Read the second time and placed on the calendar