[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6532 Introduced in House (IH)]







110th CONGRESS
  2d Session
                                H. R. 6532

To amend the Internal Revenue Code of 1986 to restore the Highway Trust 
                             Fund balance.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 17, 2008

   Mr. Rangel (for himself, Mr. Oberstar, Mr. Mica, Mr. DeFazio, Mr. 
 Duncan, Mr. Altmire, Mr. Baird, Ms. Berkley, Mr. Bishop of New York, 
 Mr. Blumenauer, Mr. Boozman, Mr. Boswell, Mr. Boustany, Mrs. Boyda of 
Kansas, Ms. Corrine Brown of Florida, Mr. Brown of South Carolina, Mr. 
   Buchanan, Mrs. Capito, Mr. Capuano, Mr. Carnahan, Mr. Carney, Mr. 
    Coble, Mr. Cohen, Mr. Costello, Mr. Courtney, Mr. Cummings, Ms. 
 DeLauro, Mr. Dent, Mr. Mario Diaz-Balart of Florida, Mrs. Drake, Mr. 
 Ehlers, Ms. Fallin, Mr. Filner, Mr. Gerlach, Mr. Graves, Mr. Hall of 
 New York, Mr. Hayes, Mr. Higgins, Ms. Hirono, Mr. Hodes, Mr. Holden, 
Ms. Eddie Bernice Johnson of Texas, Mr. Johnson of Illinois, Mr. Kagen, 
  Mr. Kuhl of New York, Mr. Larsen of Washington, Mr. LaTourette, Mr. 
Lewis of Georgia, Mr. Lipinski, Mr. LoBiondo, Mr. McNerney, Mrs. Miller 
  of Michigan, Mr. Moran of Kansas, Mr. Nadler, Mrs. Napolitano, Ms. 
Norton, Mr. Pascrell, Mr. Petri, Mr. Platts, Mr. Poe, Mr. Pomeroy, Mr. 
   Rahall, Ms. Richardson, Mr. Salazar, Mr. Shuster, Mr. Sires, Mrs. 
    Tauscher, Mr. Westmoreland, Mr. Young of Alaska, and Mr. Space) 
 introduced the following bill; which was referred to the Committee on 
                             Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to restore the Highway Trust 
                             Fund balance.

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

SECTION 1. RESTORATION OF HIGHWAY TRUST FUND BALANCE.

    (a) In General.--Subsection (f) of section 9503 of the Internal 
Revenue Code of 1986 (relating to determination of trust fund balances 
after September 30, 1998) is amended--
            (1) by redesignating paragraphs (1) and (2) as 
        subparagraphs (A) and (B), respectively, and by moving such 
        subparagraphs 2 ems to the right,
            (2) by striking ``For purposes'' and inserting the 
        following:
            ``(1) In general.--For purposes'',
            (3) by moving the flush sentence at the end of paragraph 
        (1), as so amended, 2 ems to the right, and
            (4) by adding at the end the following new paragraph:
            ``(2) Restoration of fund balance.--Out of money in the 
        Treasury not otherwise appropriated, there is hereby 
        appropriated to the Highway Trust Fund $8,017,000,000.''.
    (b) Conforming Amendment.--The last sentence of section 9503(f)(1) 
of the Internal Revenue Code of 1986, as amended by subsection (a), is 
amended by striking ``subsection'' and inserting ``paragraph''.
    (c) Effective Date.--The amendments made by this section shall take 
effect on September 30, 2008.
                                 <all>