[Congressional Record Volume 162, Number 16 (Wednesday, January 27, 2016)]
[Senate]
[Pages S265-S266]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2978. Mr. CASSIDY (for himself and Mr. Bennet) submitted an 
amendment intended to be proposed to amendment SA 2953 proposed by Ms. 
Murkowski to the bill S. 2012, to provide for the modernization of the 
energy policy of the United States, and for other purposes; which was 
ordered to lie on the table; as follows:

       At the end, insert the following:

               TITLE VI--WATERWAY LNG PARITY ACT OF 2016

     SEC. 6001. SHORT TITLE.

       This title may be cited as the ``Waterway LNG Parity Act of 
     2016''.

     SEC. 6002. LIQUEFIED NATURAL GAS EQUIVALENT FOR PURPOSES OF 
                   INLAND WATERWAYS TRUST FUND FINANCING RATE.

       (a) In General.--Section 4042(b)(2)(A) of the Internal 
     Revenue Code of 1986 is amended to read as follows:
       ``(A) The Inland Waterways Trust Fund financing rate is 29 
     cents per gallon (per energy equivalent of a gallon of 
     diesel, in the case of liquefied natural gas).''.
       (b) Energy Equivalent of a Gallon of Diesel.--Section 
     4042(b) of the Internal Revenue Code of 1986 is amended by 
     adding at the end the following:
       ``(5) Energy equivalent of a gallon of diesel with respect 
     to liquefied natural

[[Page S266]]

     gas.--For purposes of paragraph (2)(A), the term `energy 
     equivalent of a gallon of diesel' means 6.06 pounds of 
     liquefied natural gas.''.
       (c) Effective Date.--The amendments made by this section 
     shall apply to any sale or use of fuel after December 31, 
     2015.
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