Sec. 202. Wagering Trust Fund

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Subchapter A of chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: There is established in the Treasury of the United States a trust fund to be known as the Wagering Trust Fund , consisting of such amounts as may be apportioned or credited to such Trust Fund as provided in this section or section 9602(b). There are hereby appropriated to the Wagering Trust Fund amounts equivalent to the taxes received in the Treasury under sections 4401 and 4411 for taxable years beginning after December 31, 2017.

There shall be available without further appropriation an amount not to exceed $5,000,000 for each of fiscal years 2019 through 2029 to the Secretary of Health and Human Services to carry out section 317U of the Public Health Service Act, to remain available until expended. There shall be available without further appropriation an amount not to exceed $3,000,000 for each of fiscal years 2019 through 2021 to the Attorney General for the purpose of making grants to the National Sports Wagering Clearinghouse established under section 106(b) of the Sports Wagering Market Integrity Act of 2018 , to remain available until expended.

Amounts in the Wagering Trust Fund not appropriated under paragraph

(1)or

(2)or subparagraph

(A)shall be available, as provided in appropriation Acts, only for use by the Attorney General for the investigation or prosecution of— violations of the standards for the acceptance of sports wagers under section 101 of the Sports Wagering Market Integrity Act of 2018 , bribery to which section 224 of title 18, United States Code, applies, illegal transmission of wagering information to which section 1084 of such title applies, activities to which section 1955 of such title applies, violation of any provision of subchapter IV of chapter 53 of title 31, United States Code, violations under the Bank Secrecy Act ( Public Law 91–508 ; 84 Stat. 1114) which involve sports wagering, and any other crime which is committed incident to or is part of a scheme involving any crime or violation described in the preceding clauses. . The table of sections for subchapter A of chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following new item: Sec. 9511. Wagering Trust Fund. .

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Pub. L. 91-508
84 Stat. 1114

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Sec. 202

Wagering Trust Fund

Pub. L.Pub. L. 91-508

Stat.84 Stat. 1114

Cites 2Cited by 0 across 0 sources