Public Law 111-46

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    Note: This is the original legislation as it was initially enacted. Any subsequent amendments hosted on WS may be listed using  What Links Here.
    111TH UNITED STATES CONGRESS
    1ST SESSION


    An Act
    To restore sums to the Highway Trust Fund and for other purposes.


    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

    Section 1. Funding of the Highway Trust Fund.[edit]

    Subsection (f) of section 9503 of the Internal Revenue Code of 1986 (relating to determination of trust fund balances after September 30, 1998) is amended.—
    (1) by striking paragraph (2); and
    (2) by adding at the end the following new paragraph:


    ``(2) INCREASE IN FUND BALANCE.— Out of money in the Treasury not otherwise appropriated, there is hereby appropriated (without fiscal year limitation) to the Highway Trust Fund $7,000,000,000.´´.


    Sec. 2. Advances to the Unemployment Trust Fund and Other Funds.[edit]

    The item relating to ``Department of Labor—Employment and Training Administration—Advances to the Unemployment Trust Fund and Other Funds´´ in title I of division F of the Omnibus Appropriations Act, 2009 (Public Law 111-8; 123 Stat. 754) is amended by striking ``to remain available through September 30, 2010´´ and all that follows (before the heading for the following item) and inserting ``such sums as may be necessary´´.

    Sec. 3. FHA Mortgage Insurance Commitment Authority.[edit]

    The item relating to ``Federal Housing Administration—Mutual Mortgage Insurance Program Account´´ in title II of division I of the Omnibus Appropriations Act, 2009 (Public Law 111-8; 123 Stat. 966) is amended by striking `$315,000,000,000' and inserting ``$400,000,000,000´´.

    Sec. 4. GNMA Mortgage-Backed Securities Guarantee Commitment Authority.[edit]

    The item relating to ``Government National Mortgage Association—Guarantees of Mortgage-Backed Securities Loan Guarantee Program Account´´ in title II of division I of the Omnibus Appropriations Act, 2009 (Public Law 111-8; 123 Stat. 967) is amended by striking `$300,000,000,000' and inserting ``$400,000,000,000´´.


    Approved August 7, 2009.


    Legislative History[edit]

    • CONGRESSIONAL RECORD, Vol. 155 (2009):
      • July 29, considered and passed House.
      • July 30, considered and passed Senate.