1. Short title This Act may be cited as the LPOE Modernization Trust Fund Act . 2. Land Port of Entry Modernization Trust Fund (a) Creation of trust fund There is established in the Treasury of the United States a trust fund to be known as the Land Port of Entry Modernization Trust Fund (referred to in this section as the Trust Fund ), consisting of amounts transferred to the Trust Fund under subsection (b) and any amounts that may be credited to the Trust Fund under subsection (c). (b) Deposits into trust fund There shall be deposited into the Trust Fund as discretionary offsetting collections, for fiscal year 2024 and each fiscal year thereafter— (1) twenty-five percent of all fees collected pursuant to section 13031(b)(9)(A)(ii)(I) of the Consolidated Omnibus Budget Reconciliation Act of 1985 ( 19 U.S.C. 58c(b)(9)(A)(ii)(I) ); (2) up to $1,600,000,000 of the Merchandise Processing Fees collected pursuant to section 13031(a)(9)(B)(i) of the Consolidated Omnibus Budget Reconciliation Act of 1985 ( 19 U.S.C. 58c(a)(9)(B)(i) ); and (3) twenty-five percent of all surcharges collected under subsection (h)(3) of this Act related to— (A) immigrant user fee established under section 286(m) of the Immigration and Nationality Act (8 U.S.C. 22 1356(m)); (B) land border inspection fees established under section 286(q) of such Act ( 8 U.S.C. 1356(q) )