I 
110TH CONGRESS 
2D SESSION 
H. R. 6501 
To amend the Social Security Act to establish a trust fund with proceeds 
from the taxing of internet gambling to provide opportunities to individ-
uals who are, or were, in foster care and individuals in declining sectors 
of the economy. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 15, 2008 
Mr. MCDERMOTT (for himself, Mr. LARSON of Connecticut, and Mr. GEORGE 
MILLER of California) introduced the following bill; which was referred 
to the Committee on Ways and Means, and in addition to the Committee 
on Education and Labor, for a period to be subsequently determined by 
the Speaker, in each case for consideration of such provisions as fall with-
in the jurisdiction of the committee concerned 
A BILL 
To amend the Social Security Act to establish a trust fund 
with proceeds from the taxing of internet gambling to 
provide opportunities to individuals who are, or were, 
in foster care and individuals in declining sectors of 
the economy. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Investing in our 
Human Resources Act of 2008’’. 
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SEC. 2. BLOCK GRANTS TO STATES FOR TRANSITIONAL AS-
SISTANCE. 
The Social Security Act is amended by adding at the 
end the following new title: 
‘‘TITLE XXII—BLOCK GRANTS TO 
STATES FOR TRANSITIONAL 
ASSISTANCE 
‘‘SEC. 2201. TRANSITIONAL ASSISTANCE TRUST FUND. 
‘‘(a) CREATION OF TRUST FUND.—There is estab-
lished in the Treasury of the United States a trust fund 
to be known as the ‘‘Transitional Assistance Trust Fund’’, 
consisting of such amounts as may be appropriated or 
credited to the Transitional Assistance Trust Fund as pro-
vided in this section. 
‘‘(b) TRANSFER
TO
TRANSITIONAL
ASSISTANCE 
TRUST FUND OF AMOUNTS EQUIVALENT TO CERTAIN 
TAXES.— 
‘‘(1) IN GENERAL.—There are hereby appro-
priated to the Transitional Assistance Trust Fund, 
out of any money in the Treasury not otherwise ap-
propriated, amounts equivalent to the taxes received 
in the Treasury after September 30, 2009, that the 
Secretary of the Treasury determines are attrib-
utable to Internet gambling. 
‘‘(2) METHOD
OF
TRANSFER.—The amounts 
appropriated by paragraph (1) shall be transferred 
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from time to time from the general fund in the 
Treasury to the Transitional Assistance Trust Fund. 
Such amounts shall be determined on the basis of 
estimates by the Secretary of the Treasury of the 
taxes, specified in paragraph (1) of this subsection, 
paid to or deposited into the Treasury. Proper ad-
justments shall be made in amounts subsequently 
transferred to the extent prior estimates were in ex-
cess of or were less than the taxes specified in para-
graph (1) of this subsection. 
‘‘(c) INVESTMENT.— 
‘‘(1) IN GENERAL.—It shall be the duty of the 
Secretary of the Treasury to invest such portion of 
the Transitional Assistance Trust Fund as is not, in 
his judgment, required to meet current withdrawals. 
Such investments may be made only in interest-bear-
ing obligations of the United States. For such pur-
pose, such obligations may be acquired— 
‘‘(A) on original issue at the issue price; or 
‘‘(B) by purchase of outstanding obliga-
tions at the market price. 
‘‘(2) SALE
OF
OBLIGATIONS.—Any obligation 
acquired by the Transitional Assistance Trust Fund 
may be sold by the Secretary of the Treasury at the 
market price. 
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‘‘(3) INTEREST ON CERTAIN PROCEEDS.—The 
interest on, and the proceeds from the sale or re-
demption of, any obligations held in the Transitional 
Assistance Trust Fund shall be credited to and form 
a part of the Transitional Assistance Trust Fund. 
‘‘(d) EXPENDITURES FROM TRANSITIONAL ASSIST-
ANCE TRUST FUND.—Amounts in the Transitional Assist-
ance Trust Fund shall be available, as provided by appro-
priation Acts, for making expenditures— 
‘‘(1) to carry out section 2202; and 
‘‘(2) to carry out the Safe Internet Gambling 
Practices Program established under section 3 of the 
Investing in our Human Resources Act of 2008. 
‘‘SEC. 2202. TRANSITIONAL ASSISTANCE GRANT PROGRAM. 
‘‘(a) IN GENERAL.—Each State shall be entitled to 
a payment under this section for each fiscal year in an 
amount equal to its allotment for such fiscal year, to be 
used by such State to carry out the State’s plan for transi-
tional assistance described in subsection (c), subject to the 
requirements of this section. 
‘‘(b) PLAN APPROVAL REQUIRED.—No State may re-
ceive a payment under this section unless the State sub-
mits the State’s plan for transitional assistance described 
in subsection (c) to the Secretary and the Secretary ap-
proves such plan. 
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