[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 265 Referral Instructions Senate (RIS)]







105th CONGRESS
  1st Session
                                 S. 265

      To provide off-budget treatment for the Highway Trust Fund.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            February 5, 1997

   Mr. Reid introduced the following bill; which was read twice and 
   referred jointly pursuant to the order of August 4, 1977, to the 
 Committees on the Budget and Governmental Affairs, with instructions 
  that if one committee reports, the other committee have 30 days to 
                        report or be discharged

_______________________________________________________________________

                                 A BILL


 
      To provide off-budget treatment for the Highway Trust Fund.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Highway Trust Fund Protection Act of 
1997''.

SEC. 2. DEFINITIONS.

    In this Act, the term ``Highway Trust Fund'' means the Highway 
Trust Fund established by section 9503 of the Internal Revenue Code of 
1986.

SEC. 3. BUDGETARY TREATMENT OF HIGHWAY TRUST FUND.

    (a) In General.--The receipts and disbursements of the Highway 
Trust Fund--
            (1) shall not be included in the totals of--
                    (A) the budget of the United States Government as 
                submitted by the President under section 1105 of title 
                31, United States Code; or
                    (B) the congressional budget (including allocations 
                of budget authority and outlays provided in the 
                congressional budget);
            (2) shall not be--
                    (A) considered to be part of any category (as 
                defined in section 250(c)(4) of the Balanced Budget and 
                Emergency Deficit Control Act of 1985 (2 U.S.C. 
                900(c)(4))) of discretionary appropriations; or
                    (B) subject to the discretionary spending limits 
                established under section 251(b) of the Act (2 U.S.C. 
                901(b));
            (3) shall not be subject to sequestration under section 
        251(a) of the Act (2 U.S.C. 901(a)); and
            (4) shall be exempt from any general budget limitation 
        imposed by statute on expenditures and net lending (budget 
        outlays) of the United States Government.
    (b) Disbursements Subject to Appropriations.--The disbursements 
referred to in subsection (a) shall be subject to appropriations.

SEC. 4. ENFORCEMENT.

    An officer or employee of the United States Government who fails to 
comply with this Act and the amendments made by this Act shall be 
subject to the penalties specified in section 1350 of title 31, United 
States Code.

SEC. 5. APPLICABILITY.

    This Act and the amendments made by this Act shall apply to 
authorizations and obligations made for fiscal years 1998 and 
thereafter.
                                 <all>