[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9332 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 9332

To conform Federal tax law with the Texas Constitution to allow for the 
  continued benefit to the fullest extent possible from the financial 
    leverage of the Permanent University Fund to the State of Texas.


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                    IN THE HOUSE OF REPRESENTATIVES

                           November 17, 2022

Mr. Doggett (for himself and Mr. McCaul) introduced the following bill; 
         which was referred to the Committee on Ways and Means

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                                 A BILL


 
To conform Federal tax law with the Texas Constitution to allow for the 
  continued benefit to the fullest extent possible from the financial 
    leverage of the Permanent University Fund to the State of Texas.

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

SECTION 1. CHANGE OF DATE RELATING TO AMOUNT BENEFITTING FROM SPECIAL 
              ARBITRAGE RULE.

    (a) In General.--Paragraph (4) of section 648 of the Deficit 
Reduction Act of 1984 (98 Stat. 941) is amended by striking ``October 
9, 1969'' and inserting ``March 1, 1985''.
    (b) Effective Date.--The amendment made by this section shall take 
effect on the date of enactment of this Act.
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