and inserting ‘‘$220,000,000 for fiscal year 1993,
and $275,000,000 for fiscal year 1994’’; and
(2) 
in 
subparagraph 
(B) 
by 
striking
‘‘$5,000,000’’ and all that follows through ‘‘1997’’
and inserting ‘‘$12,500,000’’ for each of fiscal years
1993 and 1994’’.
SEC. 312. HIGHWAY TIMBER BRIDGE PROGRAM.
Section 1039(a) of the Intermodal Surface Transpor-
tation Efficiency Act of 1991 (23 U.S.C. 144 note; 105
Stat. 1991) is amended—
(1) by striking ‘‘1994, 1995, 1996, and 1997’’
and inserting ‘‘and 1994’’;
(2) by striking ‘‘$1,000,000’’ and inserting
‘‘$2,500,000’’; and
(3) by striking ‘‘$7,500,000’’ and inserting
‘‘$18,750,000’’.
SEC. 313. HIGHWAY USE TAX EVASION PROJECTS.
Section 1040(f)(1) of the Intermodal Surface Trans-
portation Efficiency Act of 1991 (23 U.S.C. 101 note; 105
Stat. 1992–1993) is amended by striking ‘‘$5,000,000’’
and all that follows through ‘‘1997’’ and inserting
‘‘$12,500,000 for each of fiscal years 1993 and 1994’’.
SEC. 314. SCENIC BYWAYS PROGRAM.
Section 1047(d) of the Intermodal Surface Transpor-
tation Efficiency Act of 1991 (23 U.S.C. 101 note; 105
Stat. 1998) is amended by striking ‘‘$3,000,000’’ and all
that follows through ‘‘1997’’ and inserting ‘‘24,000,000
for fiscal year 1993, and $25,000,000 for fiscal year
1994’’.
SEC. 315. CONSTRUCTION OF FERRY BOATS AND FERRY
TERMINAL FACILITIES.
Section 1064(c) of the Intermodal Surface Transpor-
tation Efficiency Act of 1991 (23 U.S.C. 129 note; 105
Stat. 2005) is amended by striking ‘‘, $17,000,000’’ and
all that follows through ‘‘1997’’ and inserting ‘‘and
$43,000,000 per fiscal year for each of fiscal years 1993
and 1994’’.
SEC. 316. HIGHWAY SAFETY AUTHORIZATION OF APPRO-
PRIATIONS.
Section 2005 of the Intermodal Surface Transpor-
tation Efficiency Act of 1991 (105 Stat. 2079) is amend-
ed—
(1) 
in 
paragraph 
(1) 
by 
striking
‘‘$171,000,000’’ and all that follows through
‘‘1997’’ and inserting ‘‘$427,500,000 for each of fis-
cal years 1993 and 1994’’; and
(2) in paragraph (2) by striking ‘‘each of the
fiscal years 1992 through 1997’’ and inserting ‘‘for
fiscal year 1992 and $110,000,000 for each of fiscal
years 1993 and 1994’’.
SEC. 317. HIGHWAY SAFETY OBLIGATION CEILINGS.
Section 2009 of the Intermodal Surface Transpor-
tation Efficiency Act of 1991 (105 Stat. 2080) is amended
by striking subsections (a) and (b) and inserting the fol-
lowing:
‘‘Sums authorized to be appropriated by this title and
the amendments made by this title shall not be subject
to any obligation limitation.’’.
SEC. 318. FEDERAL TRANSIT ACT AUTHORIZATIONS.
Section 21 of the Federal Transit Act (49 U.S.C.
App. 1617) is amended—
(1) 
in 
subsection 
(a)(1) 
by 
striking
‘‘$1,150,000,000’’ the first place it appears and all
that 
follows 
through 
‘‘1997’’ 
and 
inserting
‘‘$3,240,000,000 
for 
fiscal 
year 
1993 
and
$3,280,000,000 for fiscal year 1994’’; and
(2) 
in 
subsection 
(b)(1) 
by 
striking
‘‘$1,725,000,000’’ the first place it appears and all
that 
follows 
through 
‘‘1997’’ 
and 
inserting
‘‘$4,860,000,000 
for 
fiscal 
year 
1993 
and
$4,910,000,000 for fiscal year 1994’’.
SEC. 319. REDUCTION IN FEDERAL TRANSIT ACT AUTHOR-
IZATIONS FOR BUDGET COMPLIANCE.
Section 3038 of the Intermodal Surface Transpor-
tation Efficiency Act of 1991 (105 Stat. 2138) is repealed.
SEC. 320. MOTOR CARRIER SAFETY GRANT PROGRAM.
Section 404(a)(2) of the Surface Transportation As-
sistance Act of 1982 (49 U.S.C. App. 2304(a)(2)) is
amended by striking ‘‘$76,000,000’’ and all that follows
through ‘‘1997’’ and inserting ‘‘$205,000,000 for fiscal
year 1993, and $209,000,000 for fiscal year 1994’’.
SEC. 321. REPEAL OF ADJUSTMENT OF APPORTIONMENTS.
(a) IN GENERAL.—Section 9503 of the Internal Rev-
enue Code of 1986 (relating to Highway Trust Fund) is
amended by striking subsection (d) and by redesignating
subsection (e) as subsection (d).
(b) CONFORMING AMENDMENT.—Paragraph (1) of
section 9503(c) of such Code is amended by striking ‘‘sub-
section (e)’’ and inserting ‘‘subsection (d)’’.
(c) EFFECTIVE DATE.—The amendments made by
this section shall apply to fiscal years beginning after Sep-
tember 30, 1992.
TITLE IV—RELIEF FROM CREDIT
CRUNCH
SEC. 401. LOOSENING OF REQUIREMENTS ON LOAN LOSS
RESERVES ENCOURAGED.
(a) FINDINGS.—The Congress hereby finds that—
(1) the economy of the United States has been
in a sustained period of slow growth;
(2) credit for commercial and consumer loans
and leases has become more difficult to obtain over
the past three years, resulting in a ‘‘credit crunch’’;
(3) the banking industry has adopted a cautious
credit policy in response to the state of the economy
and the problems experienced by the savings and
loan industry;
(4) the Federal Reserve has lowered its reserve
requirements on member banks for both checking
and savings deposits over the past two years in an
effort to stimulate the economy, with only moderate
success; and
(5) the loosening of the requirements on loan
loss reserves by State banking authorities and the
appropriate Federal banking agencies, as that term
is defined in section 3(q) of the Federal Deposit In-
surance Act (12 U.S.C. 1813(q)), might help stimu-
late the economy.
(b) DECLARATION.—It is the sense of the Congress
that—
(1) the current ‘‘credit crunch’’ should be eased
by making it easier for businesses and individuals to
obtain loans and leases; and
(2) State banking authorities and the appro-
priate Federal banking agencies, as that term is de-
scinded an amount equal to 10 percent of all unobligated
amounts that were appropriated before the date of the en-
actment of this Act to pay overhead expenses of any Fed-
eral agency.
(b) REDUCTION IN AUTHORIZATIONS.—The amount
authorized to be appropriated for any fiscal year to pay
overhead expenses of any Federal agency is hereby re-
duced by 10 percent.
(c) OVERHEAD EXPENSES DEFINED.—For purposes
of this section, the term ‘‘overhead expenses’’ means any
expense incurred by a Federal agency, except—
(1) the payment of salaries and wages of em-
ployees of the agency; and
(2) direct spending (as that term is defined in
section 250 of the Balanced Budget and Emergency
Deficit Control Act of 1985).
Æ
HR 1218 IH——2