; and (B) by striking Subsection (a) shall not apply to sections and inserting the following: (1) In general Subsection (a) shall not apply to section . (c) Applicability of Oil Spill Liability Trust Fund financing rate (1) Permanent extension and periodic suspension Subsection (f) of section 4611 of the Internal Revenue Code of 1986 is amended to read as follows: (f) Application of Oil Spill Liability Trust Fund financing rate (1) In general The Oil Spill Liability Trust Fund financing rate under subsection (c) shall not apply during any period— (A) beginning on the day after the last day of any calendar quarter for which the Secretary estimates that, as of the close of that quarter, the unobligated balance in the Oil Spill Liability Trust Fund is more than $7,000,000,000, and (B) ending 30 days after the last day of any subsequent calendar quarter for which the Secretary estimates that, as of the close of that quarter, such unobligated balance is $5,000,000 or less. (2) Inflation adjustment In the case of any calendar year beginning after December 31, 2019, the $7,000,000,000 amount in paragraph (1)(A) and the $5,000,000,000 amount in paragraph (1)(B) shall each be increased by an amount equal to— (A) such dollar amount, multiplied by (B) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year, by substituting 2018 for 2016 in subparagraph (A)(ii) thereof. Any increase determined under the preceding sentence shall be rounded to the nearest multiple of $100,000,000. . (2) Effective date The amendment made by this subsection shall apply to crude oil received or petroleum products entered after the date that is 7 days after the date of the enactment of this Act. (d) Modification of limitation on Oil Spill Liability Trust Fund expenditures (1) In general Subparagraph (A) of section 9509(c)(2) of the Internal Revenue Code of 1986 is amended— (A) by striking $1,000,000,000 in clause (i) and inserting $2,000,000,000