Text: H.R.3694 — 107th Congress (2001-2002)All Bill Information (Except Text)

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[Congressional Bills 107th Congress]
[From the U.S. Government Printing Office]
[H.R. 3694 Placed on Calendar Senate (PCS)]

                                                       Calendar No. 381
107th CONGRESS
  2d Session
                                H. R. 3694


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                 May 15 (legislative day, May 9), 2002

                    Received and read the first time

                              May 17, 2002

            Read the second time and placed on the calendar

_______________________________________________________________________

                                 AN ACT


 
  To provide for highway infrastructure investment at the guaranteed 
 funding level contained in the Transportation Equity Act for the 21st 
                                Century.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Highway Funding Restoration Act''.

SEC. 2. FEDERAL-AID HIGHWAY PROGRAM OBLIGATION CEILING.

    Section 1102 of the Transportation Equity Act for the 21st Century 
(23 U.S.C. 104 note; 112 Stat. 115, 113 Stat. 1753) is amended by 
adding at the end the following:
    ``(k) Restoration of Obligation Limitation for Fiscal Year 2003.--
Notwithstanding any other provision of law, for fiscal year 2003, the 
obligations for Federal-aid highway and highway safety construction 
programs that are subject to the obligation limitation set forth in 
subsection (a)(6)--
            ``(1) shall be not less than $27,746,000,000; and
            ``(2) shall be distributed in accordance with this 
        section.''.

SEC. 3. RESTORATION OF OBLIGATION CEILING.

    Notwithstanding any other provision of law, the adjustment made 
pursuant to section 1102(h) of the Transportation Equity Act for the 
21st Century for fiscal year 2003 shall be deemed to be zero.

SEC. 4. ADJUSTMENTS TO GUARANTEE FUNDING LEVELS.

    Notwithstanding any other provision of law, all adjustments made 
pursuant to section 251(b)(1)(B) of the Balanced Budget and Emergency 
Deficit Control Act of 1985 to the highway category and to section 
8103(a)(5) of the Transportation Equity Act for the 21st Century for 
fiscal year 2003 shall be deemed to be zero. This section shall apply 
immediately to all reports issued pursuant to section 254 of the 
Balanced Budget and Emergency Deficit Control Act of 1985 for fiscal 
year 2003, including the discretionary sequestration preview report.

SEC. 5. SENSE OF CONGRESS REGARDING REVENUE ALIGNED BUDGET AUTHORITY.

    It is the sense of Congress that the revenue aligned budget 
authority provision in section 251(b)(1)(B) of the Balanced Budget and 
Emergency Deficit Control Act of 1985 should be amended in the future 
to more accurately align highway spending with highway revenues while 
maintaining predictability and stability in highway funding levels.

SEC. 6. AUTHORIZATION FOR HIGHWAY PROJECTS.

    Notwithstanding any other provision of law, projects and activities 
designated on pages 82 through 92 of House Report 107-308 shall be 
eligible for fiscal year 2002 funds made available for the program for 
which each project or activity is so designated.

            Passed the House of Representatives May 14, 2002.

            Attest:

                                                 JEFF TRANDAHL,

                                                                 Clerk.
                                                       Calendar No. 381

107th CONGRESS

  2d Session

                               H. R. 3694

_______________________________________________________________________

                                 AN ACT

  To provide for highway infrastructure investment at the guaranteed 
 funding level contained in the Transportation Equity Act for the 21st 
                                Century.

_______________________________________________________________________

                              May 17, 2002

            Read the second time and placed on the calendar