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[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7681 Introduced in House (IH)]

<DOC>

116th CONGRESS
  2d Session
                                H. R. 7681

To establish the Intercity Passenger Rail Trust Fund to ensure a safe, 
  sustainable, convenient transportation option for the people of the 
                 United States, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             July 20, 2020

Mr. Danny K. Davis of Illinois (for himself, Mr. Lawson of Florida, Mr. 
Schneider, Ms. Schakowsky, and Mr. Rush) introduced the following bill; 
       which was referred to the Committee on Transportation and 
Infrastructure, and in addition to the Committee on Ways and Means, for 
a period to be subsequently determined by the Speaker, in each case for 
consideration of such provisions as fall within the jurisdiction of the 
                          committee concerned

_______________________________________________________________________

                                 A BILL

 
To establish the Intercity Passenger Rail Trust Fund to ensure a safe, 
  sustainable, convenient transportation option for the people of the 
                 United States, and for other purposes.

    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 ``Intercity Passenger Rail Trust Fund 
Act''.

SEC. 2. FINDINGS.

    Congress makes the following findings:
            (1) An effective transportation system for the Nation 
        requires dedicated, predictable Federal funding for various 
        capital and operating expenses, as demonstrated by the Highway 
        Trust Fund, which supports all Federal highway programs, most 
        public transit programs, and many Federal transportation safety 
        programs.
            (2) Intercity passenger rail is the only surface 
        transportation mode in the United States that--
                    (A) does not receive any Federal funding through a 
                trust fund for capital investment; and
                    (B) is completely dependent on annual discretionary 
                appropriations for both its capital expenses and its 
                operating costs.
            (3) In fiscal year 2019, Amtrak experienced record 
        ridership, a historic low-operating loss, and a record capital 
        spend rate.
            (4) In markets with sufficient infrastructure and train 
        frequency, Amtrak has proven to be an effective mode of 
        transportation when compared to commercial air and bus service 
        and private automobile use.
            (5) Intercity passenger rail offers substantial safety, 
        energy, and environmental advantages over most other 
        transportation modes, but decades of insufficient capital 
        funding has drastically limited the role that intercity 
        passenger rail can play in the Nation's overall transportation 
        network.
            (6) There are critical capital needs on both the Northeast 
        Corridor and the National Network, including infrastructure, 
        fleet, stations and facilities.
            (7) Adding to the urgency of all these needs, due to 
        changing demographics, population growth, urbanization, and 
        changing travel trends, intercity passenger rail will be needed 
        to help move our Nation into the future.
            (8) For these reasons, an Intercity Passenger Rail Trust 
        Fund is needed now, more than ever, to ensure a safe, 
        sustainable, convenient transportation option for the people of 
        the United States.

SEC. 3. INTERCITY PASSENGER RAIL TRUST FUND.

    (a) In General.--Subchapter A of chapter 98 of the Internal Revenue 
Code of 1986 is amended by adding at the end the following new section:

``SEC. 9512. INTERCITY PASSENGER RAIL TRUST FUND.

    ``(a) Establishment.--There is established in the Treasury a fund 
to be known as the `Intercity Passenger Rail Trust Fund', consisting of 
such amounts as may be appropriated or credited to the fund as provided 
in this section.
    ``(b) Transfer to Intercity Passenger Rail Trust Fund.--
            ``(1) In general.--There is hereby appropriated to the 
        Intercity Passenger Rail Trust Fund for fiscal year 2021, and 
        for each fiscal year thereafter, an amount equal to 50 percent 
        of the average annual amounts appropriated to the Highway Trust 
        Fund under section 9503 for fiscal years 2008 through 2020.
            ``(2) Authorization of appropriation of additional sums.--
        There are hereby authorized to be appropriated to the Intercity 
        Passenger Rail Trust Fund such additional sums as may be 
        required to make the expenditures referred to in subsection 
        (c).
    ``(c) Expenditures From the Intercity Passenger Rail Trust Fund.--
Amounts in the Intercity Passenger Rail Trust Fund shall be available 
for obligation without further appropriations action for making 
expenditures to carry out section 24314 of title 49.''.
    (b) Clerical Amendment.--The table of sections for subchapter A of 
chapter 98 of such Code is amended by adding at the end the following 
new item:

``Sec. 9512. Intercity Passenger Rail Trust Fund.''

SEC. 4. INTERCITY PASSENGER RAIL TRUST FUND EXPENDITURES.

    (a) In General.--Chapter 243 of title 49, United States Code, is 
amended by inserting after section 24313 the following:

``SEC. 24314. INTERCITY PASSENGER RAIL TRUST FUND EXPENDITURES.

    ``(a) Expenditures From the Intercity Passenger Rail Trust Fund.--
Amounts deposited into the Intercity Passenger Rail Trust Fund each 
fiscal year pursuant to section 9512(b) of the Internal Revenue Code of 
1986 shall be available for obligation, without further appropriation, 
consistent with the ratios set forth in subsection (b). Amounts made 
available under this section shall remain available until expended.
    ``(b) Intercity Passenger Rail Trust Fund Expenditure Ratios.--The 
Secretary may use amounts deposited into the Intercity Passenger Rail 
Trust Fund each fiscal year to award grants to Amtrak, in accordance 
with the process described in section 24319. Of the grant funds awarded 
pursuant to this subsection--
            ``(1) 40 percent shall be used for activities associated 
        with the Northeast Corridor, and
            ``(2) 60 percent shall be used for activities associated 
        with the National Network.
    ``(c) Savings Provision.--Nothing in this section may be construed 
as prohibiting discretionary funding from being provided to Amtrak.''.
    (b) Conforming Amendment.--The analysis for chapter 243 of title 
49, United States Code, is amended by inserting after the item relating 
to section 24313 the following new item:

``24314. Intercity Passenger Rail Trust Fund Expenditures.''.
                                 <all>
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