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House Bill 4489
117th Congress(2021-2022)
National Forest Restoration and Remediation Act
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Passed House on Dec 8, 2021
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H. R. 4489 (Engrossed-in-House)


117th CONGRESS
1st Session
H. R. 4489

AN ACT

To amend the Act of June 20, 1958, to require that certain amounts collected by the United States with respect to lands under the administration of the Forest Service be invested into interest bearing obligations, 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. Short title.

This Act may be cited as the “National Forest Restoration and Remediation Act”.

SEC. 2. Investment of certain funds into interest bearing obligations.

Section 7 of the Act of June 20, 1958 (16 U.S.C. 579c), is amended—

(1) by striking “of any improvement, protection, or rehabilitation” and inserting “of any assessment, improvement, protection, restoration, or rehabilitation”; and

(2) by striking “Provided, That” and all that follows through the period at the end and inserting: “Provided, That any monies covered into the Treasury under this section, including all monies that were previously collected by the United States in a forfeiture, judgment, compromise, or settlement, shall be invested by the Secretary of the Treasury in interest bearing obligations of the United States to the extent the amounts are not, in the judgment of the Secretary of the Treasury, required to meet current withdrawals: Provided further, That any interest earned on the amounts, including any interest earned by investment, is hereby appropriated and made available until expended to cover the costs to the United States specified in this section: Provided further, That, for fiscal year 2021 and thereafter, the Secretary shall include in the budget materials submitted to Congress in support of the President’s annual budget request (submitted to Congress pursuant to section 1105 of title 31, United States Code) for each fiscal year the proposed use of such amounts with respect to the Forest Service: Provided further, That any portion of the monies received or earned under this section in excess of the amount expended in performing the work necessitated by the action which led to their receipt may be used to cover the other work specified in this section.”.

SEC. 3. Determination of budgetary effects.

The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled “Budgetary Effects of PAYGO Legislation” for this Act, submitted for printing in the Congressional Record by the Chairman of the House Budget Committee, provided that such statement has been submitted prior to the vote on passage.

Passed the House of Representatives December 8, 2021.

Attest:





Clerk.  

117th CONGRESS
     1st Session
H. R. 4489
AN ACT
To amend the Act of June 20, 1958, to require that certain amounts collected by the United States with respect to lands under the administration of the Forest Service be invested into interest bearing obligations, and for other purposes.