[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2391 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 2391

  To amend the Internal Revenue Code of 1986 to increase the amounts 
                  available in the Highway Trust Fund.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 13, 2009

Mr. Lewis of Georgia 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 increase the amounts 
                  available in 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 Fairness Act of 
2009''.

SEC. 2. INCREASE IN AMOUNTS AVAILABLE IN THE HIGHWAY TRUST FUND.

    (a) Repeal of Transfers From Highway Trust Fund for Repayments and 
Credits.--
            (1) In general.--Subsection (c) of section 9503 of the 
        Internal Revenue Code of 1986 is amended by striking paragraph 
        (2) and by redesignating paragraphs (3), (4), (5), and (6) as 
        paragraphs (2), (3), (4), and (5).
            (2) Conforming amendments.--
                    (A) Section 9502(a) of such Code is amended by 
                striking ``section 9503(c)(7)'' and inserting ``section 
                9503(c)(5)''.
                    (B) Section 9503(b)(4)(D) of such Code is amended 
                by striking ``paragraph (4)(D) or (5)(B)'' and 
                inserting ``paragraph (3)(D) or (4)(B)''.
                    (C) Section 9503(c)(2) of such Code, as 
                redesignated by paragraph (1), is amended by adding at 
                the end of the following sentence: ``The amounts 
                payable from the Highway Trust Fund under the preceding 
                sentence shall be determined by taking into account 
                only the portion of the taxes which are deposited into 
                the Highway Trust Fund.''.
                    (D) Section 9503(e)(5)(A) of such Code is amended 
                by striking ``paragraphs (2), (3), and (4)'' and 
                inserting ``paragraphs (2) and (3)''.
                    (E) Section 9504(a) of such Code is amended by 
                striking ``section 9503(c)(4), section 9503(c)(5)'' and 
                inserting ``section 9503(c)(3), section 9503(c)(4)''.
                    (F) Section 9504(b)(2) of such Code is amended by 
                striking ``section 9503(c)(5)'' and inserting ``section 
                9503(c)(4)''.
                    (G) Section 9504(e) of such Code is amended by 
                striking ``section 9503(c)(4)'' and inserting ``section 
                9503(c)(3)''.
            (3) Effective date.--The amendments made by this subsection 
        shall apply to amounts paid, and credits allowed with respect 
        to fuel used, in calendar quarters beginning after the date of 
        the enactment of this Act.
    (b) Repeal of Provision Prohibiting the Crediting of Interest to 
the Highway Trust Fund.--
            (1) In general.--Paragraph (1) of section 9503(f) of such 
        Code is amended by striking subparagraph (B).
            (2) Conforming amendments.--Such paragraph, as amended by 
        paragraph (1), is further amended--
                    (A) by striking ``, and'' at the end of 
                subparagraph (A) and inserting a period, and
                    (B) by striking ``1998'' in the matter preceding 
                subparagraph (A) and all that follows through ``the 
                opening balance'' and inserting ``1998, the opening 
                balance''.
            (3) Effective date.--The amendments made by this subsection 
        shall take effect on the date of the enactment of this Act.
                                 <all>