[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6532 Referred in Senate (RFS)]

  2d Session
                                H. R. 6532


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                July 24 (legislative day, July 23), 2008

     Received; read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 AN ACT


 
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.

            Passed the House of Representatives July 23, 2008.

            Attest:

                                            LORRAINE C. MILLER,

                                                                 Clerk.