I
104TH CONGRESS
1ST SESSION
H. R. 842
To provide off-budget treatment for the Highway Trust Fund, the Airport
and Airway Trust Fund, the Inland Waterways Trust Fund, and the
Harbor Maintenance Trust Fund.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY 7, 1995
Mr. SHUSTER (for himself, Mr. MINETA, Mr. PETRI, Mr. RAHALL, Mr. DUN-
CAN, Mr. OBERSTAR, Mr. BOEHLERT, and Mr. BORSKI) introduced the
following bill; which was referred to the Committee on Transportation
and Infrastructure and, in addition, to the Committees on the Budget
and Government Reform and Oversight, for a period to be subsequently
determined by the Speaker, in each case for consideration of such provi-
sions as fall within the jurisdiction of the committee concerned
DECEMBER 6, 1995
The Committee on Government Reform and Oversight discharged
DECEMBER 6, 1995
Rereferred to the Committee on Transportation and Infrastructure, and in ad-
dition to the Committee on the Budget, for a period to be subsequently
determined by the Speaker, in each case for consideration of such provi-
sions as fall within the jurisdiction of the committee concerned
A BILL
To provide off-budget treatment for the Highway Trust
Fund, the Airport and Airway Trust Fund, the Inland
Waterways Trust Fund, and the Harbor Maintenance
Trust Fund.
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 ‘‘Truth in Budgeting
Act’’.
SEC. 2. BUDGETARY TREATMENT OF HIGHWAY TRUST
FUND, AIRPORT AND AIRWAY TRUST FUND,
INLAND WATERWAYS TRUST FUND, AND HAR-
BOR MAINTENANCE TRUST FUND.
The receipts and disbursements of the Highway
Trust Fund, the Airport and Airway Trust Fund, the In-
land Waterways Trust Fund, and the Harbor Mainte-
nance Trust Fund—
(1) shall not be included in the totals of—
(A) the budget of the United States Gov-
ernment as submitted by the President, or
(B) the congressional budget (including al-
locations of budget authority and outlays pro-
vided therein), and
(2) shall be exempt from any general budget
limitation imposed by statute on expenditures and
net lending (budget outlays) of the United States
Government.
SEC. 3. SAFEGUARDS AGAINST DEFICIT SPENDING OUT OF
AIRPORT AND AIRWAY TRUST FUND.
(a) IN GENERAL.—Chapter 471 of title 49, United
States Code, is amended by inserting after section 47129
the following new section:
‘‘§ 47130. Safeguards against deficit spending
‘‘(a) ESTIMATES OF UNFUNDED AVIATION AUTHOR-
IZATIONS AND NET AVIATION RECEIPTS.—Not later than
March 31 of each year, the Secretary, in consultation with
the Secretary of the Treasury, shall estimate—
‘‘(1) the amount which would (but for this sec-
tion) be the unfunded aviation authorizations at the
close of the next fiscal year, and
‘‘(2) the net aviation receipts for the 24-month
period beginning at the close of such fiscal year.
‘‘(b) PROCEDURE WHERE THERE IS EXCESS UN-
FUNDED AVIATION AUTHORIZATIONS.—If the Secretary
determines for any fiscal year that the amount described
in subsection (a)(1) exceeds the amount described in sub-
section (a)(2), the Secretary shall determine the amount
of such excess.
‘‘(c) ADJUSTMENT OF AUTHORIZATIONS WHERE UN-
FUNDED
AUTHORIZATIONS
EXCEED
2 YEARS
RE-
CEIPTS.—
‘‘(1) DETERMINATION OF PERCENTAGE.—If the
Secretary determines that there is an excess referred
to in subsection (b), the Secretary shall determine
the percentage which—
‘‘(A) such excess, is of
‘‘(B) the total of the amounts authorized
to be appropriated and the amounts available
for obligation from the Airport and Airway
Trust Fund for the next fiscal year.
‘‘(2) ADJUSTMENT
OF
AUTHORIZATIONS.—If
the Secretary determines a percentage under para-
graph (1), each amount authorized to be appro-
priated or available for obligation from the Airport
and Airway Trust Fund for the next fiscal year shall
be reduced by such percentage.
‘‘(d) AVAILABILITY OF AMOUNTS PREVIOUSLY WITH-
HELD.—
‘‘(1) ADJUSTMENT
OF
AUTHORIZATIONS.—If,
after an adjustment has been made under subsection
(c)(2), the Secretary determines that the amount de-
scribed in subsection (a)(1) does not exceed the
amount described in subsection (a)(2) or that the ex-
cess referred to in subsection (b) is less than the
amount previously determined, each amount author-
ized to be appropriated or available for obligation
that was reduced under subsection (c)(2) shall be in-
creased, by an equal percentage, to the extent the