An amendment to remove the Airport and Airway Trust Fund from the unified federal budget and to exempt the trust fund from spending reductions mandated under the Gramm-Rudman Act. The amendment further requires the Transportation Department to reduce or withhold disbursements from the trust fund if anticipated revenues are not expected to support anticipated obligations.

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Amendment Number
423
Description
An amendment to remove the Airport and Airway Trust Fund from the unified federal budget and to exempt the trust fund from spending reductions mandated under the Gramm-Rudman Act. The amendment further requires the Transportation Department to reduce or withhold disbursements from the trust fund if anticipated revenues are not expected to support anticipated obligations.
Congress
100
Type
HAMDT
Latest Action Date
Oct 1, 1987
Latest Action Text
Amendment Failed of Passage in Committee of Whole by Recorded Vote: 197 - 202 (Record Vote No: 344).
Submitted Date
Oct 1, 1987
Chamber
House of Representatives
Update Date
Aug 14, 2021
Amendment 423 — Informed