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Code · BILL · 119th Congress · H.R. 509 (Introduced in House) — To decrease dependency on People’s Republic of China manufacturing and decrease migration due to lost regional econom... · Sec. 6

Sec. 6. Expenses paid for with tariffs collected from the People’s Republic of China

123 words·~1 min read·/bill/119/hr/509/ih/section-6

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There is established in the Treasury of the United States a trust fund consisting of such amounts as are appropriated to such trust fund under subsection (b). There are hereby appropriated to such trust fund amounts equivalent to the tariffs collected by the United States on goods manufactured in the People’s Republic of China. There are hereby appropriated from such trust fund to the General Fund of the Treasury amounts equivalent to the reduction in revenue to such General Fund by reason of assistance provided by the DFC under this Act.
Rules similar to the rules of section 9601 of the Internal Revenue Code of 1986 shall apply with respect to appropriations to and from such trust fund under subsections
(b)and (c).
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