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Tuesday, December 3, 2024

“TEXT OF AMENDMENTS” published by Congressional Record in the Senate section on July 30

Politics 20 edited

Volume 167, No. 134, covering the 1st Session of the 117th Congress (2021 - 2022), was published by the Congressional Record.

The Congressional Record is a unique source of public documentation. It started in 1873, documenting nearly all the major and minor policies being discussed and debated.

“TEXT OF AMENDMENTS” mentioning Roger F. Wicker was published in the Senate section on pages S5221-S5223 on July 30.

Of the 100 senators in 117th Congress, 24 percent were women, and 76 percent were men, according to the Biographical Directory of the United States Congress.

Senators' salaries are historically higher than the median US income.

The publication is reproduced in full below:

TEXT OF AMENDMENTS

SA 2126. Mr. WICKER submitted an amendment intended to be proposed by him to the bill S. 1931, to amend title 23, United States Code, to authorize funds for Federal-aid highways and highway safety construction programs, and for other purposes; which was ordered to lie on the table; as follows:

In section 175(c)(1) of title 23, United States Code (as added by section 1403(a)), strike subparagraphs (L) and (M) and insert the following:

``(L) a project described in section 149(b)(5) that does not result in the construction of new capacity;

``(M) a project that reduces transportation emissions at port facilities, including through the advancement of port electrification; and

``(N) a project that uses pavement technologies, including designs, materials, and practices, that reduce carbon emissions and transportation emissions, as established by the Federal Highway Administration in policy guidance consistent with subsection (d)(2)(B)(iii).

______

SA 2127. Mr. WICKER submitted an amendment intended to be proposed by him to the bill H.R. 3684, to authorize funds for Federal-aid highways, highway safety programs, and transit programs, and for other purposes; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. __. NAVY AND COAST GUARD SHIPYARD INFRASTRUCTURE

IMPROVEMENT.

(a) Appropriation.--

(1) In general.--Out of any money in the Treasury of the United States not otherwise appropriated, there is appropriated, as an additional amount for ``Defense Production Act Purchases'', $25,350,000,000, to remain available until expended, to improve, in accordance with subsection (b) and using the authority provided by section 303(e) of the Defense Production Act of 1950 (50 U.S.C. 4533(e)), the Navy and Coast Guard shipyard infrastructure of the United States.

(2) Supplement not supplant.--Amounts appropriated under paragraph (1) shall supplement and not supplant other amounts appropriated or otherwise made available for the purpose described in paragraph (1).

(3) Waiver of certain limitations.--During the 20-year period beginning on the date of the enactment of this Act, the following requirements of the Defense Production Act of 1950 (50 U.S.C. 4501 et seq.) shall not apply to amounts appropriated under paragraph (1):

(A) The requirement for a determination of the President under section 303(e)(1) of that Act (50 U.S.C. 4533(e)(1)).

(B) The requirement under section 304(e) of that Act (50 U.S.C. 4534(e)) that amounts in the Defense Production Act Fund in excess of the amount specified in that subsection be paid into the general fund of the Treasury at the end of a fiscal year.

(4) Emergency designation.--The amount appropriated under paragraph (1) is designated by the Congress as being for an emergency requirement pursuant to section 251(b)(2)(A)(i) of the Balanced Budget and Emergency Deficit Control Act of 1985

(2 U.S.C. 901(b)(2)(A)(i)).

(b) Use of Funds.--

(1) In general.--As soon as practicable after the date of the enactment of this Act, the Secretary of Defense shall make the amounts appropriated under subsection (a) directly available to the Secretary of the Navy and the Secretary of Homeland Security for obligation and expenditure in accordance with paragraph (2).

(2) Allocation of funds.--The amounts appropriated under subsection (a) shall be allocated as follows:

(A) $21,000,000,000 for Navy public shipyard facilities, dock, dry dock, capital equipment improvements, and dredging efforts needed by such shipyards.

(B) $2,000,000,000 for Navy private new construction shipyard facilities, dock, dry dock, capital equipment improvements, and dredging efforts needed by such shipyards.

(C) $2,000,000,000 for Navy private repair shipyard facilities, dock, dry dock, capital equipment improvements, and dredging efforts needed by such shipyards.

(D) $350,000,000 for Coast Guard Yard facilities, dock, dry dock, capital equipment improvements, and dredging efforts needed by the shipyard.

(3) Use of funds for procurement of certain services.--Notwithstanding any provision of the Defense Production Act of 1950 (50 U.S.C. 4501 et seq.), amounts appropriated under subsection (a) may be used for the procurement of architect-engineer and construction services at Navy public shipyards.

(4) Projects in addition to other construction projects.--Construction projects undertaken using amounts appropriated under subsection (a) shall be in addition to and separate from any military construction program authorized by any Act to authorize appropriations for a fiscal year for military activities of the Department of Defense and for military construction.

(c) Definitions.--In this section:

(1) Coast guard yard.--The term ``Coast Guard Yard'' means the Coast Guard Yard in Baltimore, Maryland.

(2) Navy public shipyard.--The term ``Navy public shipyard'' means the following:

(A) The Norfolk Naval Shipyard, Virginia.

(B) The Pearl Harbor Naval Shipyard, Hawaii.

(C) The Portsmouth Naval Shipyard, Maine.

(D) The Puget Sound Naval Shipyard, Washington.

(3) Navy private new construction shipyard.--The term

``Navy private new construction shipyard''--

(A) means any shipyard in which one or more combatant or support vessels included in the most recent plan submitted under section 231 of title 10, United States Code, are being built or are planned to be built; and

(B) includes vendors and suppliers of the shipyard building or planning to build a combatant or support vessel.

(4) Navy private repair shipyard.--The term ``Navy private repair shipyard''--

(A) means any shipyard that performs or is planned to perform maintenance or modernization work on a combatant or support vessel included in the most recent plan submitted under section 231 of title 10, United States Code; and

(B) includes vendors and suppliers of the shipyard performing or planning to perform maintenance or modernization work on a combatant or support vessel.

______

SA 2128. Mr. BROWN (for himself and Mr. Wyden) submitted an amendment intended to be proposed by him to the bill H.R. 3684, to authorize funds for Federal-aid highways, highway safety programs, and transit programs, and for other purposes; which was ordered to lie on the table; as follows:

At the appropriate place in division [__], insert the following:

SEC. ___. MODIFICATION OF EMPLOYER-PROVIDED FRINGE BENEFITS

FOR BICYCLE COMMUTING.

(a) Repeal of Suspension of Exclusion for Qualified Bicycle Commuting Reimbursement.--Section 132(f) of the Internal Revenue Code of 1986 is amended by striking paragraph (8).

(b) Commuting Fringe Includes Bikeshare.--

(1) In general.--Clause (i) of section 132(f)(5)(F) of such Code is amended by striking ``a bicycle'' and all that follows and inserting ``bikeshare, a bicycle, and bicycle improvements, repair, and storage, if the employee regularly uses such bikeshare or bicycle for travel between the employee's residence and place of employment or mass transit facility that connects an employee to their place of employment.''.

(2) Bikeshare.--Section 132(f)(5)(F) of such Code is amended by adding at the end the following:

``(iv) Bikeshare.--The term `bikeshare' means a bicycle rental operation at which bicycles are made available to customers to pick up and drop off for point-to-point use within a defined geographic area.''.

(c) Low-Speed Electric Bicycles.--Section 132(f)(5)(F) of such Code, as amended by subsection (b)(2), is amended by adding at the end the following:

``(v) Low-speed electric bicycles.--The term `bicycle' includes a two- or three-wheeled vehicle with fully operable pedals and an electric motor of less than 750 watts (1 h.p.), whose maximum speed on a paved level surface, when powered solely by such a motor while ridden by an operator who weighs 170 pounds, is less than 20 mph.''.

(d) Modification Relating to Bicycle Commuting Month.--Clause (iii) of section 132(f)(5)(F) of such Code is amended to read as follows:

``(iii) Qualified bicycle commuting month.--The term

`qualified bicycle commuting month' means, with respect to any employee, any month during which such employee regularly uses a bicycle for a portion of the travel between the employee's residence and place of employment.''.

(e) Limitation on Exclusion.--

(1) In general.--Subparagraph (C) of section 132(f)(2) of such Code is amended by striking ``applicable annual limitation'' and inserting ``applicable monthly limitation''.

(2) Applicable monthly limitation defined.--Clause (ii) of section 132(f)(5)(F) of such Code is amended to read as follows:

``(ii) Applicable monthly limitation.--The term `applicable monthly limitation', with respect to any employee for any month, means an amount equal to 30 percent of the dollar amount in effect for the month under paragraph (2)(B).''.

(3) Aggregate limitation.--Subparagraph (B) of section 132(f)(2) of such Code is amended by inserting ``and the applicable monthly limitation in the case of any qualified bicycle commuting benefit''.

(f) No Constructive Receipt.--Paragraph (4) of section 132(f) of such Code is amended by striking ``(other than a qualified bicycle commuting reimbursement)''.

(g) Conforming Amendments.--Paragraphs (1)(D), (2)(C), and

(5)(F) of section 132(f) of such Code are each amended by striking ``reimbursement'' each place it appears and inserting ``benefit''.

(h) Effective Date.--The amendments made by this section shall apply to taxable years beginning after December 31, 2021.

______

SA 2129. Mr. WICKER (for himself and Mr. Bennet) submitted an amendment intended to be proposed by him to the bill H.R. 3684, to authorize funds for Federal-aid highways, highway safety programs, and transit programs, and for other purposes; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. ___. CREDIT FOR AMERICAN INFRASTRUCTURE BONDS ALLOWED TO

ISSUERS.

(a) In General.--Subchapter B of chapter 65 of the Internal Revenue Code of 1986 is amended by inserting after section 6430 the following new section:

``SEC. 6431. CREDIT TO ISSUER OF AMERICAN INFRASTRUCTURE

BONDS.

``(a) In General.--The issuer of an American infrastructure bond shall be allowed a credit with respect to each interest payment under such bond which shall be payable by the Secretary as provided in subsection (b).

``(b) Payment of Credit.--

``(1) In general.--The Secretary shall pay

(contemporaneously with each interest payment date under such bond) to the issuer of such bond (or, at the direction of the issuer, to any person who makes such interest payments on behalf of the issuer) 28 percent of the interest paid under such bond on such date.

``(2) Interest payment date.--For purposes of this subsection, the term `interest payment date' means each date on which the holder of record of the American infrastructure bond is entitled to a payment of interest under such bond.

``(c) American Infrastructure Bond.--

``(1) In general.--For purposes of this section, the term

`American infrastructure bond' means any obligation if--

``(A) the interest on such obligation would (but for this section) be excludable from gross income under section 103,

``(B) the obligation is not a private activity bond,

``(C) the issuer makes an irrevocable election to have this section apply,

``(D) the obligation is issued during the 8-year period beginning on the date of enactment of this section, and

``(E) 100 percent of the excess of the available project proceeds of such issue over the amounts in a reasonably required reserve (within the meaning of section 150(a)(3)) with respect to such issue are to be used for capital expenditures.

``(2) Applicable rules.--For purposes of applying paragraph

(1)--

``(A) for purposes of section 149(b), a bond shall not be treated as federally guaranteed by reason of the credit allowed under this section, and

``(B) a bond shall not be treated as an American infrastructure bond if the issue price has more than a de minimis amount (determined under rules similar to the rules of section 1273(a)(3)) of premium over the stated principal amount of the bond.

``(3) Available project proceeds.--For purposes of this subsection, the term `available project proceeds' means--

``(A) the excess of--

``(i) the proceeds from the sale of an issue, over

``(ii) the issuance costs financed by the issue (to the extent that such costs do not exceed 2 percent of such proceeds), and

``(B) the proceeds from any investment of the excess described in subparagraph (A).

``(d) Special Rules.--

``(1) Interest on american infrastructure bonds includible in gross income for federal income tax purposes.--For purposes of this title, interest on any American infrastructure bond shall be includible in gross income.

``(2) Application of arbitrage rules.--For purposes of section 148, the yield on an issue of American infrastructure bonds shall be reduced by the credit allowed under this section, except that no such reduction shall apply with respect to determining the amount of gross proceeds of an issue that qualifies as a reasonably required reserve or replacement fund.

``(e) Regulations.--The Secretary may prescribe such regulations and other guidance as may be necessary or appropriate to carry out this section.''.

(b) Conforming Amendments.--

(1) The table of sections for subchapter B of chapter 65 of subtitle F of the Internal Revenue Code of 1986 is amended by adding at the end the following new item:

``Sec. 6431. Credit to issuer of American infrastructure bonds.''.

(2) Subparagraph (A) of section 6211(b)(4) of such Code is amended by striking ``and 6428A'' and inserting ``6428A, and 6431''.

(c) Transitional Coordination With State Law.--Except as otherwise provided by a State after the date of the enactment of this Act, the interest on any American infrastructure bond

(as defined in section 6431 of the Internal Revenue Code of 1986 (as added by this Act)) and the amount of any credit determined under such section with respect to such bond shall be treated for purposes of the income tax laws of such State as being exempt from Federal income tax.

(d) Adjustment to Payment to Issuers in Case of Sequestration.--

(1) In general.--In the case of any payment under subsection (b) of section 6431 of the Internal Revenue Code of 1986 (as added by this Act) made after the date of enactment of this Act to which sequestration applies, the amount of such payment shall be increased to an amount equal to--

(A) such payment (determined before such sequestration), multiplied by

(B) the quotient obtained by dividing the number 1 by the amount by which the number 1 exceeds the percentage reduction in such payment pursuant to such sequestration.

(2) Sequestration.--For purposes of this subsection, the term ``sequestration'' means any reduction in direct spending ordered in accordance with a sequestration report prepared by the Director of the Office and Management and Budget pursuant to the Balanced Budget and Emergency Deficit Control Act of 1985 or the Statutory Pay-As-You-Go Act of 2010 or future legislation having similar effect.

(e) Effective Date.--The amendments made by this section shall apply to obligations issued after the date of enactment of this Act.

____________________

SOURCE: Congressional Record Vol. 167, No. 134

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