on October 1, 2015, and ending on December 
18, 2015,’’; 
(E) in subparagraph (E)— 
(i) by striking ‘‘and $506,222,466 for 
the period beginning on October 1, 2014, 
and ending on July 31, 2015,’’ and insert-
ing ‘‘$607,800,000 for fiscal year 2015, 
and $131,191,803 for the period beginning 
on October 1, 2015, and ending on Decem-
ber 18, 2015,’’; 
(ii) by striking ‘‘and $24,986,301 for 
the period beginning on October 1, 2014, 
and ending on July 31, 2015,’’ and insert-
ing ‘‘$30,000,000 for fiscal year 2015, and 
$6,475,410 for the period beginning on 
October 1, 2015, and ending on December 
18, 2015,’’; and 
(iii) by striking ‘‘and $16,657,534 for 
the period beginning on October 1, 2014, 
and ending on July 31, 2015,’’ and insert-
ing ‘‘$20,000,000 for fiscal year 2015, and 
$4,316,940 for the period beginning on 
October 1, 2015, and ending on December 
18, 2015,’’;
(F) in subparagraph (F) by striking ‘‘each 
of fiscal years 2013 and 2014 and $2,498,630 
for the period beginning on October 1, 2014, 
and ending on July 31, 2015,’’ and inserting 
‘‘each of fiscal years 2013 through 2015 and 
$647,541 for the period beginning on October 
1, 2015, and ending on December 18, 2015,’’; 
(G) in subparagraph (G) by striking ‘‘each 
of fiscal years 2013 and 2014 and $4,164,384 
for the period beginning on October 1, 2014, 
and ending on July 31, 2015,’’ and inserting 
‘‘each of fiscal years 2013 through 2015 and 
$1,079,235 for the period beginning on October 
1, 2015, and ending on December 18, 2015,’’; 
(H) in subparagraph (H) by striking ‘‘each 
of fiscal years 2013 and 2014 and $3,206,575 
for the period beginning on October 1, 2014, 
and ending on July 31, 2015,’’ and inserting 
‘‘each of fiscal years 2013 through 2015 and 
$831,011 for the period beginning on October 
1, 2015, and ending on December 18, 2015,’’; 
(I) in subparagraph (I) by striking ‘‘and 
$1,803,927,671 for the period beginning on Oc-
tober 1, 2014, and ending on July 31, 2015,’’ 
and inserting ‘‘$2,165,900,000 for fiscal year
2015, and $467,503,005 for the period begin-
ning on October 1, 2015, and ending on De-
cember 18, 2015,’’; 
(J) in subparagraph (J) by striking ‘‘and 
$356,304,658 for the period beginning on Octo-
ber 1, 2014, and ending on July 31, 2015,’’ 
and inserting ‘‘$427,800,000 for fiscal year 
2015, and $92,339,344 for the period beginning 
on October 1, 2015, and ending on December 
18, 2015,’’; and 
(K) in subparagraph (K) by striking ‘‘and 
$438,009,863 for the period beginning on Octo-
ber 1, 2014, and ending on July 31, 2015,’’ 
and inserting ‘‘$525,900,000 for fiscal year 
2015, and $113,513,934 for the period begin-
ning on October 1, 2015, and ending on De-
cember 18, 2015,’’. 
(b) RESEARCH, DEVELOPMENT
DEMONSTRATION 
AND DEPLOYMENT PROJECTS.—Section 5338(b) of title 
49, United States Code, is amended by striking ‘‘and 
$58,301,370 for the period beginning on October 1, 2014, 
and ending on July 31, 2015’’ and inserting ‘‘$70,000,000 
for fiscal year 2015, and $15,109,290 for the period be-
ginning on October 1, 2015, and ending on December 18, 
2015’’.
(c) TRANSIT COOPERATIVE RESEARCH PROGRAM.— 
Section 5338(c) of title 49, United States Code, is amend-
ed by striking ‘‘and $5,830,137 for the period beginning 
on October 1, 2014, and ending on July 31, 2015’’ and 
inserting ‘‘$7,000,000 for fiscal year 2015, and 
$1,510,929 for the period beginning on October 1, 2015, 
and ending on December 18, 2015’’. 
(d) TECHNICAL ASSISTANCE AND STANDARDS DE-
VELOPMENT.—Section 5338(d) of title 49, United States 
Code, is amended by striking ‘‘and $5,830,137 for the pe-
riod beginning on October 1, 2014, and ending on July 
31, 2015’’ and inserting ‘‘$7,000,000 for fiscal year 2015, 
and $1,510,929 for the period beginning on October 1, 
2015, and ending on December 18, 2015’’. 
(e) HUMAN RESOURCES
AND TRAINING.—Section 
5338(e) of title 49, United States Code, is amended by 
striking ‘‘and $4,164,384 for the period beginning on Oc-
tober 1, 2014, and ending on July 31, 2015’’ and inserting 
‘‘$5,000,000 for fiscal year 2015, and $1,079,235 for the 
period beginning on October 1, 2015, and ending on De-
cember 18, 2015’’. 
(f) 
CAPITAL
INVESTMENT
GRANTS.—Section 
5338(g) of title 49, United States Code, is amended by 
striking ‘‘and $1,558,295,890 for the period beginning on 
October 1, 2014, and ending on July 31, 2015’’ and in-
serting ‘‘$1,907,000,000 for fiscal year 2015, and 
$411,620,219 for the period beginning on October 1, 
2015, and ending on December 18, 2015’’. 
(g) ADMINISTRATION.—Section 5338(h) of title 49, 
United States Code, is amended— 
(1) in paragraph 
(1) 
by 
striking 
‘‘and 
$86,619,178 for the period beginning on October 1, 
2014, and ending on July 31, 2015’’ and inserting 
‘‘$104,000,000 
for 
fiscal 
year 
2015, 
and 
$22,448,087 for the period beginning on October 1, 
2015, and ending on December 18, 2015’’; 
(2) in paragraph (2) by striking ‘‘each of fiscal 
years 2013 and 2014 and not less than $4,164,384 
for the period beginning on October 1, 2014, and 
ending on July 31, 2015,’’ and inserting ‘‘each of 
fiscal years 2013 through 2015 and not less than 
$1,079,235 for the period beginning on October 1, 
2015, and ending on December 18, 2015,’’; and 
(3) in paragraph (3) by striking ‘‘each of fiscal 
years 2013 and 2014 and not less than $832,877 
for the period beginning on October 1, 2014, and 
ending on July 31, 2015,’’ and inserting ‘‘each of 
fiscal years 2013 through 2015 and not less than 
$215,847 for the period beginning on October 1, 
2015, and ending on December 18, 2015,’’.
SEC. 1204. BUS AND BUS FACILITIES FORMULA GRANTS. 
Section 5339(d)(1) of title 49, United States Code, 
is amended— 
(1) by striking ‘‘each of fiscal years 2013 and 
2014 and $54,553,425 for the period beginning on 
October 1, 2014, and ending on July 31, 2015,’’ and 
inserting ‘‘each of fiscal years 2013 through 2015 
and $14,137,978 for the period beginning on Octo-
ber 1, 2015, and ending on December 18, 2015,’’; 
(2) by striking ‘‘$1,041,096 for such period’’ 
and inserting ‘‘$269,809 for such period’’; and 
(3) by striking ‘‘$416,438 for such period’’ and 
inserting ‘‘$107,923 for such period’’. 
Subtitle D—Hazardous Materials 
SEC. 1301. AUTHORIZATION OF APPROPRIATIONS. 
(a) IN GENERAL.—Section 5128(a) of title 49, 
United States Code, is amended— 
(1) by striking ‘‘and’’ at the end of paragraph 
(2); and 
(2) by striking paragraph (3) and inserting the 
following: 
‘‘(3) $42,762,000 for fiscal year 2015; and 
‘‘(4) $9,230,049 for the period beginning on 
October 1, 2015, and ending on December 18, 
2015.’’.
(b) HAZARDOUS
MATERIALS
EMERGENCY
PRE-
PAREDNESS FUND.—Section 5128(b) of title 49, United 
States Code, is amended— 
(1) in paragraph (1)— 
(A) in the paragraph heading by striking 
‘‘FISCAL YEARS 2013 AND 2014’’ and inserting 
‘‘FISCAL YEARS 2013 THROUGH 2015’’; and 
(B) in the matter preceding subparagraph 
(A) by striking ‘‘fiscal years 2013 and 2014’’ 
and inserting ‘‘fiscal years 2013 through 
2015’’; and 
(2) by striking paragraph (2) and inserting the 
following: 
‘‘(2) FISCAL YEAR 2016.—From the Hazardous 
Materials Emergency Preparedness Fund established 
under section 5116(i), the Secretary may expend for 
the period beginning on October 1, 2015, and ending 
on December 18, 2015— 
‘‘(A) $40,579 to carry out section 5115; 
‘‘(B) $4,705,464 to carry out subsections 
(a) and (b) of section 5116, of which not less 
than $2,946,311 shall be available to carry out 
section 5116(b); 
‘‘(C) $32,377 to carry out section 5116(f);
‘‘(D) $134,904 to publish and distribute 
the Emergency Response Guidebook under sec-
tion 5116(i)(3); and 
‘‘(E) $215,847 to carry out section 
5116(j).’’. 
(c) HAZARDOUS MATERIALS TRAINING GRANTS.— 
Section 5128(c) of title 49, United States Code, is amend-
ed by striking ‘‘each of the fiscal years 2013 and 2014 
and $3,331,507 for the period beginning on October 1, 
2014, and ending on July 31, 2015,’’ and inserting ‘‘each 
of fiscal years 2013 through 2015 and $863,388 for the 
period beginning on October 1, 2015, and ending on De-
cember 18, 2015,’’. 
TITLE II—REVENUE PROVISIONS 
SEC. 2001. EXTENSION OF HIGHWAY TRUST FUND EXPENDI-
TURE AUTHORITY. 
(a) HIGHWAY TRUST FUND.—Section 9503 of the 
Internal Revenue Code of 1986 is amended— 
(1) by striking ‘‘August 1, 2015’’ in subsections 
(b)(6)(B), (c)(1), and (e)(3) and inserting ‘‘Decem-
ber 19, 2015’’, and 
(2) by striking ‘‘Highway and Transportation 
Funding Act of 2015’’ in subsections (c)(1) and 
(e)(3) and inserting ‘‘Highway and Transportation 
Funding Act of 2015, Part II’’.
(b) SPORT FISH RESTORATION AND BOATING TRUST 
FUND.—Section 9504 of such Code is amended— 
(1) by striking ‘‘Highway and Transportation 
Funding Act of 2015’’ each place it appears in sub-
section (b)(2) and inserting ‘‘Highway and Trans-
portation Funding Act of 2015, Part II’’, and 
(2) by striking ‘‘August 1, 2015’’ in subsection 
(d)(2) and inserting ‘‘December 19, 2015’’. 
(c) LEAKING UNDERGROUND STORAGE TANK TRUST 
FUND.—Section 9508(e)(2) of such Code is amended by 
striking ‘‘August 1, 2015’’ and inserting ‘‘December 19, 
2015’’. 
SEC. 2002. FUNDING OF HIGHWAY TRUST FUND. 
Section 9503(f) of the Internal Revenue Code of 
1986 is amended by redesignating paragraph (7) as para-
graph (8) and by inserting after paragraph (6) the fol-
lowing new paragraph: 
‘‘(7) ADDITIONAL SUMS.—Out of money in the 
Treasury not otherwise appropriated, there is hereby 
appropriated— 
‘‘(A) $6,068,000,000 to the Highway Ac-
count (as defined in subsection (e)(5)(B)) in 
the Highway Trust Fund; and 
‘‘(B) $2,000,000,000 to the Mass Transit 
Account in the Highway Trust Fund.’’.
SEC. 2003. MODIFICATION OF MORTGAGE REPORTING RE-
QUIREMENTS. 
(a) INFORMATION RETURN REQUIREMENTS.—Sec-
tion 6050H(b)(2) of the Internal Revenue Code of 1986 
is amended by striking ‘‘and’’ at the end of subparagraph 
(C), by redesignating subparagraph (D) as subparagraph 
(G) and by inserting after subparagraph (C) the following 
new subparagraphs: 
‘‘(D) the amount of outstanding principal 
on the mortgage as of the beginning of such 
calendar year, 
‘‘(E) the date of the origination of the 
mortgage, 
‘‘(F) the address (or other description in 
the case of property without an address) of the 
property which secures the mortgage, and’’. 
(b) 
STATEMENTS
TO
INDIVIDUALS.—Section 
6050H(d)(2) of such Code is amended by striking ‘‘sub-
section (b)(2)(C)’’ and inserting ‘‘subparagraphs (C), (D), 
(E), and (F) of subsection (b)(2)’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to returns required to be made, 
and statements required to be furnished, after December 
31, 2016.
‘‘(3) DETERMINATION.—For purposes of para-
graph (1), the basis of property has been determined 
for purposes of the tax imposed by chapter 11 if— 
‘‘(A) the value of such property is shown 
on a return under section 6018 and such value 
is not contested by the Secretary before the ex-
piration of the time for assessing a tax under 
chapter 11, 
‘‘(B) in a case not described in subpara-
graph (A), the value is specified by the Sec-
retary and such value is not timely contested by 
the executor of the estate, or 
‘‘(C) the value is determined by a court or 
pursuant to a settlement agreement with the 
Secretary. 
‘‘(4) REGULATIONS.—The Secretary may by 
regulations provide exceptions to the application of 
this subsection.’’. 
(b) INFORMATION REPORTING.— 
(1) IN GENERAL.—Subpart A of part III of 
subchapter A of chapter 61 of such Code is amended 
by inserting after section 6034A the following new 
section:
‘‘SEC. 6035. BASIS INFORMATION TO PERSONS ACQUIRING 
PROPERTY FROM DECEDENT. 
‘‘(a) INFORMATION WITH RESPECT TO PROPERTY 
ACQUIRED FROM DECEDENTS.— 
‘‘(1) IN GENERAL.—The executor of any estate 
required to file a return under section 6018(a) shall 
furnish to the Secretary and to each person acquir-
ing any interest in property included in the dece-
dent’s gross estate for Federal estate tax purposes 
a statement identifying the value of each interest in 
such property as reported on such return and such 
other information with respect to such interest as 
the Secretary may prescribe. 
‘‘(2) STATEMENTS
BY
BENEFICIARIES.—Each 
person required to file a return under section 
6018(b) shall furnish to the Secretary and to each 
other person who holds a legal or beneficial interest 
in the property to which such return relates a state-
ment identifying the information described in para-
graph (1). 
‘‘(3) TIME FOR FURNISHING STATEMENT.— 
‘‘(A) IN
GENERAL.—Each statement re-
quired to be furnished under paragraph (1) or 
(2) shall be furnished at such time as the Sec-
retary may prescribe, but in no case at a time 
later than the earlier of—
‘‘(i) the date which is 30 days after 
the date on which the return under section 
6018 was required to be filed (including 
extensions, if any), or 
‘‘(ii) the date which is 30 days after 
the date such return is filed. 
‘‘(B) ADJUSTMENTS.—In any case in 
which there is an adjustment to the information 
required to be included on a statement filed 
under paragraph (1) or (2) after such state-
ment has been filed, a supplemental statement 
under such paragraph shall be filed not later 
than the date which is 30 days after such ad-
justment is made. 
‘‘(b) REGULATIONS.—The Secretary shall prescribe 
such regulations as necessary to carry out this section, in-
cluding regulations relating to— 
‘‘(1) the application of this section to property 
with regard to which no estate tax return is required 
to be filed, and 
‘‘(2) situations in which the surviving joint ten-
ant or other recipient may have better information 
than the executor regarding the basis or fair market 
value of the property.’’. 
(2) PENALTY FOR FAILURE TO FILE.—
(A) RETURN.—Section 6724(d)(1) of such 
Code is amended by striking ‘‘and’’ at the end 
of subparagraph (B), by striking the period at 
the end of subparagraph (C) and inserting ‘‘, 
and’’, and by adding at the end the following 
new subparagraph: 
‘‘(D) any statement required to be filed 
with the Secretary under section 6035.’’. 
(B) STATEMENT.—Section 6724(d)(2) of 
such Code is amended by striking ‘‘or’’ at the 
end of subparagraph (GG), by striking the pe-
riod at the end of subparagraph (HH) and in-
serting ‘‘, or’’, and by adding at the end the fol-
lowing new subparagraph: 
‘‘(II) section 6035 (other than a statement 
described in paragraph (1)(D)).’’. 
(3) CLERICAL AMENDMENT.—The table of sec-
tions for subpart A of part III of subchapter A of 
chapter 61 of such Code is amended by inserting 
after the item relating to section 6034A the fol-
lowing new item: 
‘‘Sec. 6035. Basis information to persons acquiring property from decedent.’’. 
(c) PENALTY FOR INCONSISTENT REPORTING.— 
(1) IN
GENERAL.—Section 6662(b) of such 
Code is amended by inserting after paragraph (7) 
the following new paragraph: