Section 1 Short title
This Act may be cited as the “Prioritizing American Road and Jobs Act of 2015”.
Prioritizing American Road and Jobs Act of 2015
A BILL
To amend title XIX of the Social Security Act to restore the regular Medicaid matching rate for newly eligible individuals under the Affordable Care Act and to apply up to $15 billion of the savings each year to the Highway Trust Fund.
Sec. 2 Restoration of regular Medicaid matching rate for newly eligible individuals under the Affordable Care act and applying savings to Highway Trust Fund
Sunsetting higher Medicaid matching rate and restoring regular FMAP for newly eligible individuals under the ACA— Section 1905(y) of the Social Security Act (42 U.S.C. 1396d(y)) is amended by striking “, shall be equal to” and all that follows and inserting “, for calendar quarters beginning on or after January 1, 2014, and before January 1, 2017, shall be equal to 100 percent.”.
Application of up to $15 billion of savings each year to the Highway Trust Fund—
In general— The Secretary of Health and Human Services shall estimate, for each calendar quarter beginning on or after January 1, 2017, the net reductions in Federal expenditures with respect to the calendar quarter resulting from the amendment made by subsection (a). Insofar as the Secretary determines that the amount initially estimated under this paragraph for a calendar quarter is not accurate, the Secretary shall adjust such estimate and the adjusted estimate shall apply so as to adjust the amount appropriated under paragraph (2) for such calendar quarter, subject to the limitation of subparagraph (B) of such paragraph.
Appropriation to Highway Trust Fund—
In general— Subject to subparagraph (B), there are hereby appropriated and transferred to the Highway Trust Fund, from any funds in the Treasury not otherwise appropriated for each calendar quarter to which paragraph (1) applies, an amount equivalent to the amount estimated by the Secretary for such calendar quarter.
Limitation of transfer to $15 billion in any year— In no case shall the total amount appropriated and transferred under subparagraph (A) for the 4 quarters in any year exceed $15,000,000,000.