Use of section 301 duty revenues

(a) In general Notwithstanding any other provision of law, there is authorized to be appropriated $1,500,000,000 to be derived from duties collected pursuant to any action taken by the United States Trade Representative under section 301 of the Trade Act of 1974 (19 U.S.C. 2411). (b) Allocation of funds Of the amounts authorized to be appropriated under subsection (a)— (1) $150,000,000 is authorized to be made available to the Attorney General to carry out section 4; (2) $150,000,000 is authorized to be made available to the Attorney General to carry out section 5; and (3) $1,200,000,000 is authorized to be made available to the Secretary of Commerce to carry out section 6. (c) Availability and rescission of funds for sections 4 and 5 Amounts authorized to be appropriated under paragraphs (1) and (2) of subsection (b)— (1) shall remain available for obligation for a period of 5 years after the date of enactment of this Act; and (2) any amounts not obligated at the end of such period shall be permanently rescinded and deposited into the general fund of the Treasury for the sole purpose of deficit reduction.