SA 2043. Mr. THUNE (for himself, Mr. PORTMAN, and Mr. MORAN) submitted an amendment intended to be proposed by him to the bill H.R. 2579, to amend the Internal Revenue Code of 1986 to allow the premium tax credit with respect to unsubsidized COBRA continuation coverage; which was ordered to lie on the table; as follows: At the appropriate place, insert the following: SEC. ll. PROVIDING LEGAL PROTECTION FOR CERTAIN CHILDHOOD ARRIVALS. (a) DEFINITIONS.—In this section: (1) ELIGIBLE INDIVIDUAL.—The term ‘‘eligible individual’’ means an individual who meets the eligibility criteria described in subsection (b)(2). (2) SECRETARY.—The term ‘‘Secretary’’ means the Secretary of Homeland Security.
(b) DEFERRED ACTION STATUS.— (1) PROGRAM AUTHORIZED.—The Secretary shall establish a program through which an eligible individual may apply for deferred action status. (2) ELIGIBILITY CRITERIA.—An individual shall be eligible for deferred action status under the program established under paragraph (1) if the individual— (A) on June 15, 2012, was under the age of 31 years; (B) entered the United States— (i) on a date on which the alien was under the age of 16 years; and (ii) without inspection or lawful status before June 15, 2012; (C) has continuously resided in the United States since June 15, 2007; (D) was physically present in the United States— (i) on June 15, 2012; and (ii) on the date on which the Secretary makes a determination with respect to the eligibility of the individual for deferred action status; (E)(i) is in school; (ii) has— (I) graduated from high school; or (II) obtained— (aa) a certificate of completion from a high school; or (bb) a general education development certificate; or (iii) is— (I) a member of the armed forces (as defined in section 101(a) of title 10, United States Code), including a member of the National Guard or Reserves; or (II) a veteran, as defined in section 101 of title 38, United States Code, except that an individual discharged other than honorably is excluded; (F) has not been convicted of— (i) a felony; (ii) a significant misdemeanor; or (iii) 3 or more misdemeanor offenses; (G) does not pose a threat to national security or public safety; and (H) was granted deferred action status before the date of the enactment of this Act. (3) PERIOD OF DEFERRED ACTION STATUS.— (A) IN GENERAL.—Subject to subparagraph (B), deferred action status granted under this subsection shall be valid for a period of 2 years beginning on the date on which the Secretary grants deferred action status to the eligible individual. (B) RENEWAL.— (i) IN GENERAL.—On application to the Secretary, deferred action status granted under this subsection may be renewed for additional 2-year periods. (ii) RENEWAL APPLICATION.—Not more than 120 days before the date on which the deferred action status of an eligible individual expires, the eligible individual may submit to the Secretary an application for renewal of deferred action status. SEC. ll. BORDER SECURITY TRUST FUND. (a) ESTABLISHMENT.—There is established in the Treasury of the United States a trust fund to be known as the Border Security Trust Fund (in this section referred to as the ‘‘Trust Fund’’), consisting of amounts appropriated to the Trust Fund under subsection (b) and any amounts that may be credited to the Trust Fund under subsection (c). (b) APPROPRIATION.—There are appropriated to the Trust Fund $25,000,000,000, to remain available until expended. (c) INVESTMENT OF AMOUNTS.— (1) IN GENERAL.—The Secretary of the Treasury shall invest such portion of the Trust Fund as is not required to meet current withdrawals in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States.
(2) INTEREST AND PROCEEDS.—The interest on, and the proceeds from the sale or redemption of, any obligations held in the Trust Fund shall be credited to and form a part of the Trust Fund. (d) AVAILABILITY OF AMOUNTS.— (1) IN GENERAL.—Subject to paragraph (2), amounts in the Trust Fund shall be available to the Secretary of Homeland Security, without further appropriation, for— (A) construction of not fewer than 700 miles of reinforced fencing, excluding vehicle barriers; (B) installation of additional physical barriers; (C) construction and maintenance of access and patrol roads; (D) lighting; (E) an interlocking surveillance camera system; (F) remote sensors; and (G) the purchase from the Secretary of Defense of surplus aircraft and unmanned aircraft systems. (2) LIMITATION.—Not more than $5,000,000,000 of the amount in the Trust Fund may be obligated and expended in any fiscal year.