Section 1 Short title
This Act may be cited as the “Investing In America: Unlocking the Harbor Maintenance Trust Fund Act”.
Investing In America: Unlocking the Harbor Maintenance Trust Fund Act
A BILL
To provide for the use of funds in the Harbor Maintenance Trust Fund for the purposes for which the funds were collected and to ensure that funds credited to the Harbor Maintenance Trust Fund are used to support navigation.
Sec. 2 Use of Harbor Maintenance Trust Fund to support navigation
Availability of amounts— Section 210 of the Water Resources Development Act of 1986 (33 U.S.C. 2238) is amended—
in the section heading by striking “Authorization of appropriations” and inserting “Funding for navigation”; and
in subsection (a) by striking “There are authorized to be appropriated” and all that follows before paragraph (1) and inserting “Amounts made available from the Harbor Maintenance Trust Fund in accordance with section 9505(d) of the Internal Revenue Code of 1986 shall be used to pay—”.
in the matter preceding paragraph (1) by striking “, as provided by appropriation Acts,” and inserting “, in accordance with subsection (d),”; and
by adding at the end the following:
“(d) Availability of amounts—Beginning on October 1, 2017, there shall be available from the Harbor Maintenance Trust Fund for making expenditures under subsection (c)—
“(1) without further appropriation, an amount equivalent to the taxes received in the Treasury under section 4461 for the previous fiscal year, as determined by the Secretary of the Treasury; and
“(2) such additional amounts as provided by appropriations Acts.”
Estimate of harbor maintenance needs— Section 1537(2) of MAP–21 (33 U.S.C. 2238a(2)) is amended by striking “amount of appropriations” and inserting “expenditures”.
Sec. 3 Budgetary treatment of Harbor Maintenance Trust Fund
Notwithstanding any other provision of law, the receipts and disbursements of the Harbor Maintenance Trust Fund—
shall not be counted as new budget authority, outlays, receipts, or deficit or surplus for purposes of—
the budget of the United States Government as submitted by the President;
the congressional budget (including allocations of budget authority and outlays provided therein);
the Balanced Budget and Emergency Deficit Control Act of 1985; or
the Statutory Pay-As-You-Go Act of 2010;
shall be exempt from any general budget limitation imposed by statute on expenditures and net lending (budget outlays) of the United States Government; and
shall be available only for the purposes specified in section 9505 of the Internal Revenue Code of 1986.
Sec. 4 Annual report to Congress
Section 330 of the Water Resources Development Act of 1992 (26 U.S.C. 9505 note; 106 Stat. 4851) is amended—
in subsection (a)—
by striking “and annually thereafter,” and inserting “and annually thereafter concurrent with the submission of the President’s annual budget request to Congress,”; and
by striking “Public Works and Transportation” and inserting “Transportation and Infrastructure”; and
in subsection (b)(1) by adding at the end the following:
“(D) A description of the expected expenditures from the trust fund to meet the needs of navigation for the fiscal year of the budget request.”
Sec. 5 Harbor Maintenance Trust Fund defined
In this Act, the term “Harbor Maintenance Trust Fund” means the Harbor Maintenance Trust Fund established by section 9505 of the Internal Revenue Code of 1986.
Sec. 6 Applicability
This Act (including the amendments made by this Act) shall apply to fiscal years beginning after September 30, 2017.