[Congressional Record Volume 161, Number 76 (Monday, May 18, 2015)]
[Senate]
[Pages S2994-S2995]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1324. Ms. BALDWIN submitted an amendment intended to be proposed 
to amendment SA 1221 proposed by Mr. Hatch to the bill H.R. 1314, to 
amend the Internal Revenue Code of 1986 to provide for a right to an 
administrative appeal relating to adverse determinations of tax-exempt 
status of certain organizations; which was ordered to lie on the table; 
as follows:

       At the end, add the following:

                        TITLE III--MISCELLANEOUS

     SEC. 301. ENVIRONMENTAL IMPROVEMENT TRUST FUND.

       (a) In General.--There is established in the Treasury of 
     the United States a trust fund to be known as the 
     ``Environmental Improvement Trust Fund'' (in this section 
     referred to as the ``Trust Fund''), consisting of such 
     amounts as may be transferred to the Trust Fund under 
     subsection (b) and any amounts that may be credited to the 
     Trust Fund under subsection (d)(3).
       (b) Transfer of Amounts.--
       (1) In general.--The Secretary of the Treasury shall 
     transfer to the Trust Fund, from the general fund of the 
     Treasury, amounts determined by the Secretary to be 
     equivalent to amounts received in the general fund that are 
     attributable to the duties collected, during the period 
     specified in paragraph (3), pursuant to a countervailing duty 
     order or an antidumping duty order under title VII of the 
     Tariff Act of 1930 (19 U.S.C. 1671 et seq.) or a finding 
     under the Antidumping Act, 1921 (title II of the Act of May 
     27, 1921; 42 Stat. 11, chapter 14) on articles produced by 
     manufacturers in the following industries, as determined by 
     the Secretary:
       (A) Food and beverages.
       (B) Textiles.
       (C) Lumber.
       (D) Paper and printing.
       (E) Chemicals.
       (F) Plastics and rubber.
       (G) Nonmetallic minerals.
       (H) Primary metals.
       (I) Fabricated metals.
       (J) Machinery and equipment.
       (K) Electronic equipment.
       (L) Transportation equipment.
       (M) Any other manufacturing industry if domestic 
     manufacturers in that industry are required to purchase new 
     equipment or hire new employees in order to comply with 
     regulations promulgated by the Administrator of the 
     Environmental Protection Agency relating to improving overall 
     environmental quality.
       (2) Determination.--In determining if domestic 
     manufacturers are required to purchase new equipment or hire 
     new employees in order to comply with regulations under 
     paragraph (1)(M), the Secretary shall consult with the 
     Administrator.
       (3) Period specified.--The period specified in this 
     paragraph begins on January 1, 2016, and ends on the date 
     that is 5 years after the date of the enactment of this Act.
       (c) Availability of Amounts in Trust Fund.--
       (1) Availability for assisting domestic manufacturers.--
     Amounts in the Trust Fund shall be available to the 
     Administrator, as provided by appropriation Acts--
       (A) to assist any domestic manufacturer in an industry 
     specified in subsection (b)(1) if that domestic manufacturer 
     is required to purchase new equipment or hire new employees 
     in order to comply with any regulations promulgated by the 
     Administrator relating to improving overall environmental 
     quality, as determined by the Administrator; and
       (B) to cover administrative costs incurred by the 
     Administrator in carrying out subparagraph (A).
       (2) Distribution of amounts.--
       (A) In general.--Subject to subparagraph (B), the 
     Administrator shall distribute amounts available for 
     assistance under paragraph (1)(A) among domestic 
     manufacturers in the industries specified in subsection 
     (b)(1) in proportion to the estimated impact of regulations 
     described in such paragraph on the prices in the United 
     States of articles produced by domestic manufacturers in such 
     industries, as determined by the Administrator.
       (B) Exclusion.--Of the amounts distributed under 
     subparagraph (A), 75 percent of those amounts shall be 
     distributed to domestic manufacturers that are small or 
     medium sized enterprises, as determined by the Administrator.
       (d) Investment of Trust Fund.--

[[Page S2995]]

       (1) In general.--The Secretary of the Treasury shall invest 
     such portion of the Trust Fund as is not required to meet 
     current withdrawals in interest-bearing obligations of the 
     United States or in obligations guaranteed as to both 
     principal and interest by the United States.
       (2) Obligations.--
       (A) Acquisition.--The obligations specified in paragraph 
     (1) may be acquired on original issue at the issue price or 
     by purchase of outstanding obligations at the market price.
       (B) Sale.--Any obligation acquired by the Trust Fund may be 
     sold by the Secretary of the Treasury at the market price.
       (3) Interest and proceeds from sale or redemption of 
     obligations.--The interest on, and the proceeds from the sale 
     or redemption of, any obligations held in the Trust Fund 
     shall be credited to and form a part of the Trust Fund.
       (e) Domestic Manufacturer Defined.--In this section, the 
     term ``domestic manufacturer'' means a person that produces 
     articles in the United States.
                                 ______