S.265 - Highway Trust Fund Protection Act of 1997105th Congress (1997-1998)
|Sponsor:||Sen. Reid, Harry [D-NV] (Introduced 02/05/1997)|
|Committees:||Senate - Budget; Governmental Affairs|
|Latest Action:||02/05/1997 Read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of August 4, 1977, as modified by the order of April 11, 1986, with instructions that if one Committee reports, the other Committee have thirty days to report or be discharged.|
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Subject — Policy Area:
- Economics and Public Finance
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Summary: S.265 — 105th Congress (1997-1998)All Bill Information (Except Text)
Introduced in Senate (02/05/1997)
Highway Trust Fund Protection Act of 1997 - Provides that the receipts and disbursements of the Highway Trust Fund shall: (1) not be included in the totals of the budget of the United States Government or the congressional budget, not be part of any category of discretionary appropriations or subject to discretionary spending limits, and not be subject to sequestration; and (2) be exempt from any general budget limitation imposed by statute on expenditures and net lending (budget outlays) of the Government.
Imposes penalties upon Government officers or employees who fail to comply with this Act.