[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 1344 Placed on Calendar Senate (PCS)]

                                                        Calendar No. 86
111th CONGRESS
  1st Session
                                S. 1344

     To temporarily protect the solvency of the Highway Trust Fund.


_______________________________________________________________________


                   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.

    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 Investment Protection Act''.

SEC. 2. TEMPORARY PROTECTION OF HIGHWAY TRUST FUND SOLVENCY.

    (a) 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.
    (b) 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''.
                                                        Calendar No. 86

111th CONGRESS

  1st Session

                                S. 1344

_______________________________________________________________________

                                 A BILL

     To temporarily protect the solvency of the Highway Trust Fund.

_______________________________________________________________________

                             June 25, 2009

            Read the second time and placed on the calendar