[Congressional Record Volume 170, Number 44 (Tuesday, March 12, 2024)]
[Senate]
[Pages S2370-S2371]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




              UDALL FOUNDATION REAUTHORIZATION ACT OF 2023

  Mr. SCHUMER. Mr. President, I ask unanimous consent that the Senate 
proceed to the immediate consideration of H.R. 2882, which was received 
from House and is at the desk.
  The PRESIDING OFFICER. The clerk will report the bill by title.
  The senior assistant legislative clerk read as follows:

       A bill (H.R. 2882) to reauthorize the Morris K. Udall and 
     Stewart L. Udall Trust Fund, and for other purposes.

  There being no objection, the Senate proceeded to consider the bill.
  Mr. SCHUMER. Mr. President, I ask further that the Kelly substitute 
amendment at the desk be considered and agreed to; that the bill, as 
amended, be considered read a third time and passed; and that the 
motion to reconsider be considered made and laid upon the table with no 
intervening action or debate.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The amendment (No. 1693) in the nature of a substitute was agreed to 
as follows:

                (Purpose: In the nature of a substitute)

        Strike all after the enacting clause and insert the 
     following:

     SECTION 1. SHORT TITLE.

       This Act may be cited as the ``Udall Foundation 
     Reauthorization Act of 2023''.

     SEC. 2. INVESTMENT EARNINGS.

       Section 8(b)(1) of the Morris K. Udall and Stewart L. Udall 
     Foundation Act (20 U.S.C. 5606(b)(1)) is amended by adding at 
     the end the following: ``Beginning on October 1, 2023, and 
     thereafter, interest earned from investments made with any 
     new appropriations to the Trust Fund shall only be available 
     subject to appropriations and is authorized to be 
     appropriated to carry out the provisions of this Act.''.

     SEC. 3. REAUTHORIZATION OF THE UDALL FOUNDATION TRUST FUND.

       Section 13 of the Morris K. Udall and Stewart L. Udall 
     Foundation Act (20 U.S.C. 5609) is amended--
       (1) in subsection (a), by striking ``2023'' and inserting 
     ``2029'';
       (2) in subsection (b), in the matter preceding paragraph 
     (1), by striking ``2023'' and inserting ``2029''; and
       (3) in subsection (c), by striking ``5-fiscal year period'' 
     and all that follows through the period at the end and 
     inserting ``5-fiscal year period beginning with fiscal year 
     2025.''.

     SEC. 4. AUDIT OF THE FOUNDATION.

       Not later than 4 years after the date of enactment of this 
     section, the Inspector General of the Department of the 
     Interior shall complete an audit of the Morris K. Udall and 
     Stewart L. Udall Foundation.

  The amendment was ordered to be engrossed and the bill to be read a 
third time.
  The bill was read the third time.
  The bill (H.R. 2882), as amended, was passed.

[[Page S2371]]

  

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