ADJUSTMENTS.

SEC. 1438. ADJUSTMENTS.(a) In General.—On July 1, 2020, of the unobligated balances of funds apportioned among the States under chapter 1 of title 23, United States Code, a total of $7,569,000,000 is permanently rescinded.(b) Exclusions From Rescission.—The rescission under subsection (a) shall not apply to funds distributed in accordance with—(1) sections 104(b)(3) and 130(f) of title 23, United States Code;(2) section 133(d)(1)(A) of such title;(3) the first sentence of section 133(d)(3)(A) of such title, as in effect on the day before the date of enactment of MAP–21 (Public Law 112–141);(4) sections 133(d)(1) and 163 of such title, as in effect on the day before the date of enactment of SAFETEA–LU (Public Law 109–59); and129 STAT. 1433(5) section 104(b)(5) of such title, as in effect on the day before the date of enactment of MAP–21 (Public Law 112–141).(c) Distribution Among States.—The amount to be rescinded under this section from a State shall be determined by multiplying the total amount of the rescission in subsection (a) by the ratio that—(1) the unobligated balances subject to the rescission as of September 30, 2019, for the State; bears to(2) the unobligated balances subject to the rescission as of September 30, 2019, for all States.(d) Distribution Within Each State.—The amount to be rescinded under this section from each program to which the rescission applies within a State shall be determined by multiplying the required rescission amount calculated under subsection (c) for such State by the ratio that—(1) the unobligated balance as of September 30, 2019, for such program in such State; bears to(2) the unobligated balances as of September 30, 2019, for all programs to which the rescission applies in such State.