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S 1474 111th Congress Senate Transportation and Public Works Government trust funds Interest, dividends, interest rates Public transit Roads and highways Sales and excise taxes Securities Transportation programs funding

A bill to amend the Internal Revenue code of 1986 to repeal the provision prohibiting the crediting of interest to the Highway Trust Fund, to provide certain transfers to such Trust Fund, and to…

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A bill to amend the Internal Revenue code of 1986 to repeal the provision prohibiting the crediting of interest to the Highway Trust Fund, to provide certain transfers to such Trust Fund, and to extend the expenditure authority for such Trust Fund, and for other purposes.

Introduced: July 20, 2009 See on congress.gov
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 22, 2009
Star Print ordered on the bill.
Jul 20, 2009
Read twice and referred to the Committee on Finance.
Jul 20, 2009
Introduced in Senate
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to: (1) repeal the requirement that obligations held by the Highway Trust Fund be non interest-bearing; (2) appropriate additional amounts to such Fund and allow such amounts to remain available without fiscal year limitation; and (3) extend until March 31, 2011, the authority to make expenditures from such Fund (including the Mass Transit Account).

What's happening now July 22, 2009

Star Print ordered on the bill.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Schumer, Charles E.
New York · Jul 21, 2009
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APA
U.S. Congress. (2026). S. 1474: A bill to amend the Internal Revenue code of 1986 to repeal the provision prohibiting the crediting of interest to the Highway Trust Fund, to provide certain transfers to such Trust Fund, and to extend the expenditure authority for such Trust Fund, and for other purposes.. 111th Congress. Open America. https://openamerica.io/bill/111-S-1474/
MLA
"S. 1474: A bill to amend the Internal Revenue code of 1986 to repeal the provision prohibiting the crediting of interest to the Highway Trust Fund, to provide certain transfers to such Trust Fund, and to extend the expenditure authority for such Trust Fund, and for other purposes.." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-1474/.
Bluebook (legal)
S. 1474, 111th Cong. (2026), https://openamerica.io/bill/111-S-1474/.
Markdown link
[S. 1474: A bill to amend the Internal Revenue code of 1986 to repeal the provision prohibiting the crediting of interest to the Highway Trust Fund, to provide certain transfers to such Trust Fund, and to extend the expenditure authority for such Trust Fund, and for other purposes.](https://openamerica.io/bill/111-S-1474/)
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