[Congressional Record Volume 162, Number 52 (Wednesday, April 6, 2016)]
[Senate]
[Page S1758]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3475. Mr. CASSIDY (for himself and Mr. Bennet) submitted an 
amendment intended to be proposed by him to the bill H.R. 636, to amend 
the Internal Revenue Code of 1986 to permanently extend increased 
expensing limitations, and for other purposes; which was ordered to lie 
on the table; as follows:

       At the appropriate place, insert the following:

     SEC. ___. 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 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, 
     2016.
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