There is now a growing awareness that solar cycle related changes in the large-scale structure of the heliospheric current sheet may play an important role in the modulation of galactic cosmic rays. To date, attention has been focused on the configuration of the current sheet at times near solar minimum when the current sheet structure is relatively simple. Previous analyses have explored the effect on cosmic ray intensities of a single current sheet which is tilted with respect to the heliographic equator under the assumption that the tilt of the current sheet is a minimum at solar minimum and increases as solar maximum approaches. This paper attempts to extend the previous analyses into the period near solar maximum. Two alternative hypotheses are explored: (1) that the tilt of the current sheet continues to increase as solar maximum approaches, finally becoming vertical and overturning, and (2) that the single sheet structure breaks down near solar maximum and the sun at this time sheds the poloidal flux of the previous cycle and develops a new field structure of the opposite polarity. It is found that both hypotheses lead to variations in cosmic ray intensity comparable to those actually observed over the solar cycle.