[Congressional Record Volume 166, Number 107 (Wednesday, June 10, 2020)]
[Senate]
[Page S2896]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1652. Mr. CRUZ submitted an amendment intended to be proposed to 
amendment SA 1617 proposed by Mr. Gardner (for himself, Mr. Manchin, 
Mr. Daines, Mr. Warner, Mr. Portman, Ms. Cantwell, Mr. Alexander, Mr. 
King, Mr. Burr, Mr. Tester, Ms. Collins, Mr. Udall, Mr. Boozman, Mr. 
Schumer, Mr. Blunt, Ms. Harris, Mrs. Capito, Mr. Peters, Mr. Tillis, 
Ms. Baldwin, Ms. McSally, Mr. Casey, Mr. Graham, Mr. Heinrich, Mr. 
Bennet, Mrs. Feinstein, Mr. Sanders, Mr. Booker, Ms. Cortez Masto, Mr. 
Merkley, Mr. Wyden, Mr. Kaine, Ms. Sinema, Ms. Rosen, Mr. Coons, Ms. 
Smith, Ms. Hassan, Mrs. Gillibrand, Mrs. Murray, Mr. Durbin, Mrs. 
Shaheen, Mr. Blumenthal, Mr. Jones, Mr. Van Hollen, Mr. Menendez, Mr. 
Cardin, Mr. Brown, Ms. Hirono, Ms. Warren, Mr. Murphy, Ms. Klobuchar, 
Ms. Duckworth, Ms. Stabenow, Mr. Leahy, Mr. McConnell, Mr. Markey, Mr. 
Roberts, Mr. Perdue, Mr. Cramer, and Mr. Schatz) to the bill H.R. 1957, 
to amend the Internal Revenue Code of 1986 to modernize and improve the 
Internal Revenue Service, and for other purposes; which was ordered to 
lie on the table; as follows:

       In section 200402(b) of title 54, United States Code (as 
     added by section 2(a)), strike paragraph (1) and insert the 
     following:
       ``(1) Source of deposits.--
       ``(A) In general.--Not later than December 31, 2020, the 
     Secretary shall--
       ``(i) examine the most-recent inventory of all federally 
     owned public land, and the resources and other values of that 
     land, maintained pursuant to section 201(a) of the Federal 
     Land Policy and Management Act of 1976 (43 U.S.C. 1711(a));
       ``(ii) of the public land included in the inventory 
     described in clause (i), identify parcels with a cumulative 
     value equal to not more than $12,000,000,000 that would be 
     appropriate to sell, in accordance with section 203 of that 
     Act (43 U.S.C. 1713); and
       ``(iii) publish in the Federal Register a detailed list of 
     each parcel of public land identified under clause (ii), 
     together with--

       ``(I) an estimate of the fair market value of each such 
     parcel; and
       ``(II) a 5-year schedule by which the Secretary proposes to 
     sell, or cause a covered agency to sell, the parcels to the 
     public, subject to the condition that the sales shall be--

       ``(aa) conducted as soon as practicable during each 
     scheduled fiscal year to allow for appropriate planning in 
     expending amounts in the Fund;
       ``(bb) conducted through--
       ``(AA) public auction; or
       ``(BB) closed-bid auction; and
       ``(cc) to the maximum extent practicable, projected to 
     generate total proceeds equal to not less than $1,900,000,000 
     during each of fiscal years 2021 through 2025.
       ``(B) Cooperation by covered agencies.--The head of each 
     covered agency shall sell each parcel of public land 
     identified by the Secretary under subparagraph (A)(i) that is 
     under the jurisdiction of the covered agency, in accordance 
     with the schedule published by the Secretary under 
     subparagraph (A)(iii)(II).
       ``(C) Deposit in fund.--
       ``(i) In general.--The net proceeds from each sale of 
     public land pursuant to this paragraph shall be deposited in 
     the Fund, subject to paragraph (2).
       ``(ii) Treatment.--Notwithstanding any other provision of 
     law--

       ``(I) the Fund shall consist only of the net proceeds 
     deposited in the Fund pursuant to clause (i); and
       ``(II) no amounts other than the amounts referred to in 
     subclause (I) may be deposited in the Fund.

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