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[House Report 114-326]
[From the U.S. Government Publishing Office]

114th Congress }                                         { Report
                        HOUSE OF REPRESENTATIVES
 1st Session   }                                         { 114-326

======================================================================
 
  PROVIDING FOR FURTHER CONSIDERATION OF THE SENATE AMENDMENTS TO THE 
  BILL (H.R. 22) TO AMEND THE INTERNAL REVENUE CODE OF 1986 TO EXEMPT 
     EMPLOYEES WITH HEALTH COVERAGE UNDER TRICARE OR THE VETERANS 
     ADMINISTRATION FROM BEING TAKEN INTO ACCOUNT FOR PURPOSES OF 
 DETERMINING THE EMPLOYERS TO WHICH THE EMPLOYER MANDATE APPLIES UNDER 
             THE PATIENT PROTECTION AND AFFORDABLE CARE ACT

                                _______
                                

  November 3, 2015.--Referred to the House Calendar and ordered to be 
                                printed

                                _______
                                

               Mr. Woodall, from the Committee on Rules, 
                        submitted the following

                              R E P O R T

                       [To accompany H. Res. 512]

    The Committee on Rules, having had under consideration 
House Resolution 512, by a nonrecord vote, report the same to 
the House with the recommendation that the resolution be 
adopted.

                SUMMARY OF PROVISIONS OF THE RESOLUTION

    The resolution provides for further consideration of Senate 
amendments to H.R. 22, the Hire More Heroes Act of 2015, under 
a structured rule.
    Section 2 of the resolution makes in order only the further 
amendments to the amendment consisting of the text of Rules 
Committee Print 114-32 printed in part A of this report and 
amendments en bloc. Each further amendment printed in part A of 
this report shall be considered only in the order printed in 
this report, may be offered only by a Member designated in this 
report, shall be considered as read, shall be debatable for the 
time specified in this report equally divided and controlled by 
the proponent and an opponent, may be withdrawn by the 
proponent at any time before action thereon, shall not be 
subject to amendment, and shall not be subject to a demand for 
division of the question. The resolution provides that it shall 
be in order at any time for the chair of the Committee on 
Transportation and Infrastructure or his designee to offer 
amendments en bloc consisting of amendments printed in part A 
of this report not earlier disposed of. Amendments en bloc 
shall be considered as read, shall be debatable for 20 minutes 
equally divided and controlled by the chair and ranking 
minority member of the Committee on Transportation and 
Infrastructure or their designees, shall not be subject to 
amendment, and shall not be subject to a demand for division of 
the question. The resolution waives all points of order against 
the further amendments printed in part A of this report and 
amendments offered en bloc.
    Section 3 of the resolution makes in order only those 
further amendments to the Senate amendment, as amended, printed 
in part B of this report. Each such further amendment printed 
in part B of this report shall be considered only in the order 
printed in this report, may be offered only by a Member 
designated in this report, shall be considered as read, shall 
be debatable for the time specified in this report equally 
divided and controlled by the proponent and an opponent, may be 
withdrawn by the proponent at any time before action thereon, 
shall not be subject to amendment, and shall not be subject to 
a demand for division of the question in the House or in the 
Committee of the Whole. The resolution waives all points of 
order against the further amendments printed in part B of this 
report.
    Section 4 of the resolution provides that if the Committee 
of the Whole reports the Senate amendment, as amended, back to 
the House with multiple amendments, the question of their 
adoption shall be put to the House en gros and without division 
of the question. The resolution provides that if the Committee 
of the Whole reports the Senate amendment, as amended, back to 
the House without further amendment or the question of adoption 
of amendments en gross fails, no further consideration of the 
Senate amendments shall be in order except pursuant to a 
subsequent order of the House.
    Section 5 of the resolution provides that the Chair may 
postpone further consideration of the Senate amendments in the 
House to such time as may be designated by the Speaker.
    Section 6 of the resolution provides that upon adoption of 
the further amendment or amendments in the House: (1) a motion 
that the House concur in the Senate amendment to the text, as 
amended, with such further amendment or amendments shall be 
considered as adopted; (2) the Clerk shall engross the action 
of the House as a single amendment in the nature of a 
substitute; (3) a motion that the House concur in the Senate 
amendment to the title shall be considered as adopted; and (4) 
it shall be in order for the chair of the Committee on 
Transportation and Infrastructure or his designee to move that 
the House insist on its amendment to the Senate amendment to 
H.R. 22 and request a conference with the Senate thereon.
    Section 7 of the resolution provides that the chair of the 
Committee on Armed Services may insert in the Congressional 
Record not later than November 16, 2015, such material as he 
may deem explanatory of defense authorization measures for the 
fiscal year 2016.

                         EXPLANATION OF WAIVERS

    Although the resolution waives all points of order against 
amendments printed in part A of this report and amendments 
offered en bloc, the Committee is not aware of any points of 
order. The waiver is prophylactic in nature.
    Although the resolution waives all points of order against 
the amendments printed in part B of this report, the Committee 
is not aware of any points of order. The waiver is prophylactic 
in nature.

           SUMMARY OF THE AMENDMENTS IN PART A MADE IN ORDER

    1. Cummings (MD), Clyburn (SC), Brown, Corrine (FL), 
Edwards (MD), Johnson, Eddie Bernice (TX), Carson (IN): Makes a 
technical and conforming change to harmonize the U.S. DOT's and 
the U.S. Small Business Administration's small business size 
standards that are used for direct federal government 
contracting and federally assisted contracting. (10 minutes)
    2. Ryan, Tim (OH): Clarifies that alternative fuel vehicles 
are eligible for consideration and use of funding under the 
Congestion Mitigation and Air Quality (CMAQ) Improvement 
Program (10 minutes)
    3. Hunter (CA): Facilitates the supply of domestic 
aggregate for nationally significant freight and highway 
projects. (10 minutes)
    4. Sablan (MP), Radewagen, Aumua Amata Coleman (AS): Allows 
ferry operations between U.S. territories or between a state 
and territory eligible for FBP funds. (10 minutes)
    5. DeSaulnier (CA): Directs states and metropolitan 
planning organizations to develop publicly available criteria 
to prioritize transportation projects. (10 minutes)
    6. Grijalva (AZ): Strikes Subtitle C, except section 1314. 
(10 minutes)
    7. Hunter (CA), Curbelo (FL), Farenthold (TX), Brown, 
Corrine (FL): Establishes a program to permit the use of live 
plant materials for roadside maintenance. (10 minutes)
    8. Denham (CA), Brown, Corrine (FL), Costello (PA), Ashford 
(NE): Clarifies the intent of Congress and ensure the motor-
carrier industry can operate under one standard when engaging 
in commerce. Pre-empts a patchwork of 50 different state meal 
and rest break laws to provide certainty for regional carriers 
doing business. (10 minutes)
    9. Aguilar (CA): Requires that the DOT, in coordination 
with DOD, implement the recommendations of a report issued by 
the Federal Motor Carrier Safety Administration to help 
veterans transition into civilian jobs driving commercial motor 
vehicles, including by obtaining commercial driver's license. 
(10 minutes)
    10. Hahn (CA), Cicilline (RI): Directs the Secretary to 
conduct a study of the feasibility, costs, and economic impact 
of burying power lines underground. (10 minutes)
    11. Heck, Denny (WA), Kilmer (WA): Requires the Department 
of Transportation to develop a set of best practices for the 
installation and maintenance of green stormwater 
infrastructure, and assist any state requesting help to develop 
a stormwater management plan by providing guidance based on 
those best practices. (10 minutes)
    12. King, Steve (IA), Duncan (SC), Foxx (NC), Amash (MI), 
Franks (AZ): Requires that none of the funds made available by 
this Act may be used to implement, administer, or enforce the 
prevailing rate wage requirements of the Davis-Bacon Act (10 
minutes)
    13. Larsen, Rick (WA): Creates an expedited process for 
smaller TIFIA loans backed by local revenue sources, so they 
can be accessible to smaller cities and counties. (10 minutes)
    14. Culberson (TX): Requires local transit entity to have a 
debt to equity ratio of at least 1:1 in order to be eligible 
for federal funds. (10 minutes)
    15. Comstock (VA), Babin (TX), Beyer (VA), Connolly (VA): 
Amends 49 USC 5337(d)(1) to include those public transportation 
vehicles that operate on high-occupancy toll lanes that were 
converted from high-occupancy vehicle lanes during peak hours. 
(10 minutes)
    16. Meng (NY), Love (UT): Requires the Secretary to revise 
the crash investigation data collection system to include 
additional data regarding child restraint systems whenever 
there are child occupants present in vehicle crashes. (10 
minutes)
    17. Russell (OK): Prohibits Federal financial assistance to 
establish, maintain, operate, or otherwise support a streetcar 
service. This prohibition does not apply to contracts entered 
into before the date of enactment of this Act. (10 minutes)
    18. Edwards (MD), Comstock (VA): Gives USDOT authority to 
appoint and oversee the fed board members to the WMATA board, 
while currently GSA has this responsibility. (10 minutes)
    19. Frankel (FL): Requires Compliance, Safety, 
Accountability (CSA) scores to remain publicly available during 
the National Research Council of the National Academies study 
of the CSA Program required by Section 5221, adds a provision 
to the new broker-shipper hiring standard created by Section 
5224 to prohibit the hiring of ``high risk carriers'' as 
defined by the Federal Motor Carrier Safety Administration, and 
removes several studies. (10 minutes)
    20. Duncan (TN), Paulsen (MN): Clarifies that motor 
carriers who have not been prioritized for a compliance review 
by FMCSA due to their safe operations are equal in safety 
status to ``satisfactory'' rated carriers. (10 minutes)
    21. Lewis, John (GA): Strikes the graduated commercial 
driver's license program language in H.R. 3763 and replaces it 
with a study on the safety of intrastate teen truck drivers. 
(10 minutes)
    22. Johnson, Hank (GA): Strikes language that sets up a new 
procedural criteria for an FMCSA study on minimum trucking 
insurance that is already underway. (10 minutes)
    23. Ribble (WI), Hanna (NY), Cramer, Kevin (ND), Lipinski 
(IL): Increases the air-mile radius from 50 air-miles to 75 
air-miles for the transportation of construction materials and 
equipment, to satisfy the 24-hour reset period under Hours of 
Service rules. Gives states the ability to opt out of this 
increase if the distance is entirely included within the 
state's borders. (10 minutes)
    24. Schweikert (AZ): Creates a pilot program for reduction 
of department-owned vehicles and increase in use of ride-
sharing services. (10 minutes)
    25. Schweikert (AZ): Creates a study and report on reducing 
the amount of vehicles in federal fleets and replacing 
necessary vehicles with ride-sharing services. (10 minutes)
    26. Reichert (WA), Schrader (OR), Newhouse (WA), Coffman 
(CO), Radewagen, Aumua Amata Coleman (AS): Requests a GAO study 
on the economic impact of contract negotiations at ports on the 
west coast. (10 minutes)
    27. Newhouse (WA), Schrader (OR): Directs the Bureau of 
Transportation Statistics (BTS) to establish a port performance 
statistics program, with quarterly reports to Congress. The 
program will collect basic uniform data on port performance and 
provide empirical visibility into how U.S. ports are operating, 
identify key congestion issues, and ensure U.S. commerce 
continues to flow efficiently. (10 minutes)
    28. Lipinski (IL), Quigley (IL), Dold (IL), Davis, Rodney 
(IL): Expresses the Sense of Congress that Transit Oriented 
Development (TOD) is an eligible activity under the RRIF 
program. (10 minutes)
    29. DeSantis (FL): Empowers States with authority for most 
taxing and spending for highway programs and mass transit 
programs, and for other purposes. (10 minutes)
    30. Moore, Gwen (WI): Express the Sense of Congress that 
the Department of Transportation should better enforce its 
existing rules requiring that small businesses owned by 
disadvantaged individuals are promptly paid for work 
satisfactorily completed on federally funded transportation 
projects. (10 minutes)
    31. Graves, Garret (LA): Amends the nationally significant 
freight and highway projects program to allow consideration for 
projects to improve energy security and emergency evacuation 
routes. (10 minutes)
    32. Polis (CO): Designates the freight corridor running 
along Route 70 from Denver, CO to Salt Lake City, UT as a 
`Corridor of High Priority.' (10 minutes)
    33. Bonamici (OR): Designates the Oregon 99W Newberg-Dundee 
Bypass Route between Newberg, Oregon and Dayton, Oregon as a 
high priority corridor. (10 minutes)
    34. Schrader (OR): Designates Interstate Route 205 in 
Oregon as a High Priority Corridor from its intersection with 
Interstate Route 5 to the Columbia River. (10 minutes)
    35. Duffy (WI), Ribble (WI): Increases weight limit 
restrictions for logging vehicles on a 13-mile stretch of I-39 
to match Wisconsin state law. (10 minutes)
    36. Crawford (AR), Nolan (MN): Permits specific vehicles to 
use a designated three-miles on U.S. 63 in Arkansas during 
daylight hours only. The exemption would eliminate the need for 
construction of an access road and would qualify the entire 
road for the designation as Interstate 555. (10 minutes)
    37. Fitzpatrick (PA): Clarifies that Section 130 funds may 
be used for projects that eliminate hazards posed by blocked 
grade crossings due to idling trains, such as when an ambulance 
or fire truck is blocked and unable to respond to an emergency. 
(10 minutes)
    38. Lipinski (IL), Davis, Rodney (IL), Pocan (WI), Reed 
(NY), McCollum (MN), Hanna (NY), Brady, Robert (PA), Hastings, 
Alcee (FL), Esty (CT), Garamendi (CA), Lowenthal (CA), Frankel 
(FL), Lieu (CA), Katko (NY), Bustos (IL): Exempts certain 
welding trucks used in the pipeline industry from certain 
provisions under the FMCSR's. (10 minutes)
    39. Nolan (MN), Crawford (AR): Permits ``covered logging 
vehicles''--which are considered raw or unfinished forest 
products including logs, pulpwood, biomass, or wood chips--that 
have a gross vehicle weight of no more than 99,000 pounds and 
have no less than six-axles to operate on a 24.152 mile segment 
of I-35 in Minnesota. (10 minutes)
    40. Cohen (TN), LoBiondo (NJ), Langevin (RI): Allows local 
transit agencies that have demonstrated para-transit 
improvement activities the flexibility to use up to 20 percent 
of their Section 5307 funds. (10 minutes)
    41. Veasey (TX): Clarifies that public demand response 
transit providers includes services for seniors and persons 
with disabilities. (10 minutes)
    42. Lipinski (IL), Nadler (NY), Dold (IL): Restores local 
flexibility for New Starts projects. (10 minutes)
    43. Adams (NC): Clarifies minority groups to be targeted in 
human resources outreach and brings bill text in line with 
existing law in Title V. (10 minutes)
    44. Foxx (NC), DelBene (WA): Makes performance assessments 
for the Frontline Workforce Development Program consistent with 
assessments currently in place for similar programs authorized 
through the Workforce Innovation and Opportunity Act of 2014. 
(10 minutes)
    45. Lawrence (MI): Requires the Interagency Coordination 
Council on Access and Mobility to submit a report to House 
Committee on Transportation and Infrastructure and Senate 
Committee on Commerce, Science, and Transportation containing 
the final recommendations of the Council. (10 minutes)
    46. Moore, Gwen (WI): Requires a GAO study on the impact of 
the changes made by MAP-21 to the Jobs Access and Reverse 
Commute (JARC) program on the ability of low-income individuals 
served by JARC to use public transportation to get to work. (10 
minutes)
    47. Davis, Rodney (IL), Lipinski (IL): Allows general 
freight to be carried by an automobile transporter on a 
backhaul trip only. (10 minutes)
    48. Moore, Gwen (WI): Allows current teen traffic safety 
funding to be used to support school-based driver's education 
classes that promote safe driving and help meet the state's 
graduated driving license requirements, including behind the 
wheel training. (10 minutes)
    49. Crawford (AR), Jenkins (KS), Ryan, Tim (OH), Johnson, 
Eddie Bernice (TX): Permits two light- or medium-duty trailers 
to be towed together, only when empty and being delivered to a 
retailer for sale, subject to length and weight limitations, 
and operated by professional CDL drivers. (10 minutes)
    50. Meng (NY), Cramer, Kevin (ND): Requires that GAO 
perform a review of existing federal and state rules concerning 
school bus transportation of elementary and secondary school 
students, and issue recommendations on best practices for safe 
and reliable school bus transportation. (10 minutes)
    51. Meng (NY), Cramer, Kevin (ND): Adds ``consumer privacy 
protections'' to the list of items that GAO must review when 
issuing its public assessment of the ``organizational readiness 
of the Department to address autonomous vehicle technology 
challenges,'' as required by section 6024 of the Rules 
Committee Print. (10 minutes)
    52. Napolitano (CA): Requires the Secretary to consult with 
States to determine whether there are safety hazards or 
concerns specific to a State that should be taken into account 
when developing the regulations called for in the bill for 
railroad carriers to maintain a comprehensive oil spill 
response plan. (10 minutes)
    53. Moulton (MA): Requires the Government Accountability 
Office (GAO) to conduct a study on the implementation and 
efficacy of the European Train Control System to determine the 
feasibility of implementing such a system throughout the 
national rail network of the United States. (10 minutes)
    54. Neugebauer (TX), Farenthold (TX), Bustos (IL): Provides 
an exemption for various drivers in the agriculture industry 
with Class A CDLs so that they would no longer need to obtain a 
Hazardous Materials endorsement to transport more than 118 
gallons of fuel, up to 1,000 gallons. (10 minutes)
    55. Cummings (MD): Requires submission of a report on 
technologies for identifying track defects to improve rail 
safety (10 minutes)
    56. Walz (MN), Lipinski (IL): Initiates a study on the 
levels and structure of insurance for a railroad carrier 
transporting hazardous materials. (10 minutes)
    57. Herrera Beutler (WA), Schrader (OR), Larsen, Rick (WA), 
Loebsack (IA), Turner (OH): Allows all 50 states to compete for 
bus and bus facility funding by eliminating the 7-state set 
aside High Density Bus program and transferring the funds to 
the nationwide Competitive Bus Grants, Sec. 5339(d). (10 
minutes)
    58. Chabot (OH): Amends certain sections of Title 49 of the 
U.S. Code to increase penalties relating to commercial motor 
vehicle safety. (10 minutes)

           SUMMARY OF THE AMENDMENTS IN PART B MADE IN ORDER

    1. Perry (PA), Mulvaney (SC): Increases by 5% each fiscal 
year for four years, the percent amount that Ex/Im should make 
available for small businesses. If they do not comply, they are 
barred for issuing any loans over $100,000,000. (10 minutes)
    2. Mulvaney (SC): Limits Export-Import Bank authorizations 
to countervailing purposes in order to meet competition from 
foreign export credit agencies. (10 minutes)
    3. Mulvaney (SC): Requires Export-Import Bank 
authorizations above $10 million to be contingent on at least 
two denials of similar assistance from the private sector. 
Stipulates penalties for making false claims when seeking Bank 
assistance. (10 minutes)
    4. Mulvaney (SC): Prohibits Export-Import Bank 
authorizations involving countries with a sovereign wealth fund 
of over $100 billion. (10 minutes)
    5. Mulvaney (SC): Reduces taxpayer exposure by removing 
Treasury guarantees for losses at the Export-Import Bank and 
removes borrowing authority from the Treasury. (10 minutes)
    6. Mulvaney (SC): Limits taxpayer exposure by ensuring 
diversification of industries and companies at the Export-
Import Bank. (10 minutes)
    7. Rothfus (PA): Prohibits the Export Import Bank from 
providing a guarantee or extending credit to a foreign borrower 
in connection with the export of goods or services by a U.S. 
company unless the U.S. company guarantees repayment of, and 
pledges collateral in an amount sufficient to cover, a 
percentage of the amount provided by the Bank and makes that 
guarantee senior to any other obligation. The amendment 
provides an exception to this requirement for small businesses. 
(10 minutes)
    8. Royce (CA): Prohibits Export-Import Bank assistance to 
state-sponsors of terrorism. The current prohibition under the 
Foreign Assistance Act is subject to low threshold waivers by 
the President. (10 minutes)
    9. Schweikert (AZ): Adds Fair Value Accounting Principles 
to the EX-IM provision of the underlying bill. (10 minutes)
    10. Young, David (IA): Requires the agency to disclose 
information on which a rule is based including data, studies, 
and cost-benefit analyses to the public. (10 minutes)
    11. Pompeo (KS): Directs GAO to conduct a study on how much 
non-commercial jet fuel tax revenue, paid for by business and 
general aviation, is diverted to the Highway Trust Fund due to 
the ``fuel fraud'' tax. (10 minutes)
    12. Foster (IL): Requires the Department of Transportation 
to issue an annual report detailing how the funds authorized in 
the bill are divided among the states and the sources of those 
amounts. It would also require the Internal Revenue Service to 
submit an annual report to Congress detailing the tax burden of 
each state. (10 minutes)
    13. Williams (TX): Clarifies that only rental car companies 
whose primary business is renting vehicles are covered by the 
new requirements in the Senate passed version of H.R. 22. (10 
minutes)
    14. Kinzinger (IL): Requires auto parts suppliers and 
manufacturers provide specific information to the Secretary to 
further compliance of Section 30120(j) of Title 49. Information 
shall be made available on a public website and through 
databases to ensure defective auto parts are removed from the 
supply chain and can be tracked if a recall is ordered. (10 
minutes)
    15. Schakowsky (IL): Improves quality and quantity of 
information shared about vehicle safety issues among auto 
manufacturers, NHTSA, and consumers. Also improves the quality 
and quantity of safety information provided about used cars at 
point of sale. (10 minutes)
    16. Mullin, Markwayne (OK): Requires the Administrator of 
the Environmental Protection Agency to ensure that in 
promulgating regulations any preference or incentive provided 
to electric vehicles is also provided to natural gas vehicles. 
(10 minutes)
    17. Burgess (TX): Modifies and adds certain provisions to 
the Senate amendments dealing with the National Highway Traffic 
Safety Administration. (10 minutes)
    18. Neugebauer (TX), Huizenga (MI): Executes a liquidation 
of the Federal Reserve surplus account and remittance of funds 
to the U.S. Treasury. The amendment also dissolves the 
existence of the surplus account on a go-forward basis. 
Finally, the amendment ensures future net earnings of the 
Federal Reserve, in excess of dividend paid, are remitted to 
the U.S. Treasury. (10 minutes)
    19. Gosar (AZ): Removes the Administrator of the EPA from 
list of individuals who shall designate a council member to the 
Federal Permitting Improvement council in Section 61002 FEDERAL 
PERMITTING IMPROVEMENT COUNCIL. (10 minutes)
    20. Goodlatte (VA), Marino (PA): Assigns to the Executive 
Director of the Federal Permitting Improvement Steering Council 
power to authorize extensions of permitting timetables, up to a 
total of fifty percent of the time specified in an original 
timetable, and to the Director of the Office of Management and 
Budget the power to authorize any additional extensions, 
subject to requirements to consult with the permit applicant 
and report to Congress, and makes further improvements to 
further streamline administrative procedures for permit review. 
(10 minutes)
    21. Hensarling (TX): This amendment provides regulatory 
relief to facilitate capital formation and to ensure greater 
consumer access to financial products and services. The 
amendment also provides for certain reforms concerning mint 
operations and housing. (10 minutes)
    22. Upton (MI): Provides for a new title that includes 
sections to improve emergency preparedness for energy supply 
disruptions, resolve environmental and grid reliability 
conflicts, enhance critical electric infrastructure security, 
evaluate the feasibility of a strategic transformer reserve, 
and establish energy security valuation procedures. (10 
minutes)
    23. Westmoreland (GA): Allows companies to appeal their 
economic harm protest directly to the Export-Import Bank Board 
of Directors. (10 minutes)

                PART A--TEXT OF AMENDMENTS MADE IN ORDER

1. An Amendment To Be Offered by Representative Cummings of Maryland or 
                 His Designee, Debatable for 10 Minutes

  Page 13, strike line 23 and all that follows through line 12 
on page 14 and insert the following:
                  (A) Small business concern.--The term ``small 
                business concern'' means a small business 
                concern (as the term is used in section 3 of 
                the Small Business Act (15 U.S.C. 632)).
                              ----------                              

  2. An Amendment To Be Offered by Representative Ryan of Ohio or His 
                   Designee, Debatable for 10 Minutes

  Page 56, line 8, after ``diesel retrofits'' insert ``or 
alternative fuel vehicles''.
  Page 56, line 9, insert ``or indirect'' after ``direct''.
  Page 56, line 14, insert ``or indirectly'' after 
``directly''.
                              ----------                              

3. An Amendment To Be Offered by Representative Hunter of California or 
                 His Designee, Debatable for 10 Minutes

  Page 73, line 24, strike the closed quotation mark and the 
final period.
  Page 73, after line 24, insert the following:
  ``(n) Facilitating Commercial Waterborne Transportation.--
Notwithstanding any other provision of law, or rights granted 
thereunder, and provided that the requirements of the National 
Environmental Policy Act of 1969 (42 U.S.C. 4321 et seq.) are 
met, a property owner may develop, construct, operate, and 
maintain pier, wharf, or other such load-out structures on that 
property and on or above adjacent beds of the navigable waters 
of the United States to facilitate the commercial waterborne 
transportation of domestic aggregate that may supply an 
eligible project under this section, including salt, sand, and 
gravel, from reserves located within ten miles of the 
property.''.
                              ----------                              

 4. An Amendment To Be Offered by Delegate Sablan of Northern Mariana 
           Islands or His Designee, Debatable for 10 Minutes

  Page 107, after line 24, insert the following:

SEC. 1122. ASSISTANCE FOR THE ESTABLISHMENT OF FERRY SYSTEMS WITH 
                    RESPECT TO TERRITORIES.

  (a) Toll Roads, Bridges, Tunnels, and Ferries.--Section 
129(c)(5) of title 23, United States Code, is amended--
          (1) in the first sentence by inserting after 
        ``adjoining States'' the following: ``(including 
        between territories of the United States or between a 
        territory of the United States and a State)''; and
          (2) in the second sentence by inserting after 
        ``United States,'' the following: ``operations between 
        territories of the United States, operations between a 
        territory of the United States and a State,''.
  (b) Puerto Rico Highway Program.--Section 165(b)(2)(C) of 
title 23, United States Code, is amended--
          (1) in clause (ii) by striking ``and'' at the end;
          (2) in clause (iii) by striking the period at the end 
        and inserting ``; and''; and
          (3) by adding at the end the following:
                          ``(iv) funds authorized to be 
                        appropriated by the Surface 
                        Transportation Reauthorization and 
                        Reform Act of 2015, or any subsequent 
                        Act, may be used for operating expenses 
                        related to a ferry operated between 
                        Puerto Rico and a territory of the 
                        United States or a State.''.
  (c) Territorial Highway Program.--Section 165(c)(6) of title 
23, United States Code, is amended by adding at the end the 
following:
                  ``(C) Ferry operating expenses.--
                Notwithstanding subparagraph (A), funds made 
                available under this subsection, which are 
                authorized to be appropriated by the Surface 
                Transportation Reauthorization and Reform Act 
                of 2015, or any subsequent Act, may be used for 
                operating expenses related to a ferry operated 
                between territories or operated between a 
                territory and a State.''.
                              ----------                              

     5. An Amendment To Be Offered by Representative DeSaulnier of 
          California or His Designee, Debatable for 10 Minutes

  Page 110, after line 23, insert the following:
                  (C)(i) by redesignating paragraphs (7) and 
                (8) as paragraphs (8) and (9); and
                  (ii) by inserting after paragraph (6) the 
                following:
          ``(7) Project selection transparency and 
        accountability.--Projects included in the adopted 
        transportation plan shall be selected through a 
        publicly available transparent process that includes 
        use of criteria that directly support factors in 
        subsection (h), the national transportation goals under 
        section 150(b), and applicable State and regional 
        goals. The criteria shall be used to publicly evaluate 
        and identify the highest performing projects.''.
  Page 111, after line 3, insert the following:
          (7) in subsection (j)(3)(A), by inserting at the end 
        the following: ``Projects included in the priority list 
        shall come from the highest performing projects 
        identified in the transportation plan under subsection 
        (i)(7). If a lower-performing project is included in 
        the priority project list, an explanation shall be 
        included to explain why the lower-performing project 
        was selected, including the goals of achieving 
        geographic balance or providing benefit to economically 
        distressed areas.'' after the period.
  Page 114, after line 22, add the following:
                  (C) by redesignating paragraph (9) as 
                paragraph (10);
                  (D) by inserting after paragraph (8) the 
                following:
          ``(9) Project selection transparency and 
        accountability.--Projects included in the adopted long-
        range statewide transportation plan shall be selected 
        through a publicly available transparent process that 
        includes use of criteria that directly support factors 
        in subsection (d), the national transportation goals 
        under section 150(b), and applicable State and regional 
        goals. The criteria shall be used to publicly evaluate 
        and identify the highest performing projects.''; and
          (4) in subsection (g), in paragraph (5)(A), by 
        inserting at the end the following: ``Projects included 
        in the transportation improvement program shall come 
        from the highest performing projects identified in the 
        transportation plan under subsection (f)(9). If a 
        lower-performing project is included in the priority 
        project list, an explanation shall be included to 
        explain why the lower-performing project was selected, 
        including the goals of achieving geographic balance or 
        providing benefit to economically distressed areas.''
  Page 244, after line 9, insert the following:
                  (C)(i) by redesignating paragraphs (7) and 
                (8) as paragraphs (8) and (9);
                  (ii) by inserting after paragraph (6) the 
                following:
          ``(7) Project selection transparency and 
        accountability.--Projects included in the adopted 
        transportation plan shall be selected through a 
        publicly available transparent process that includes 
        use of criteria that directly support factors in 
        subsection (h), the national transportation goals under 
        section 150(b), and applicable State and regional 
        goals. The criteria shall be used to publicly evaluate 
        and identify the highest performing projects.''.
          (7) in subsection (j)(3)(A), by inserting at the end 
        the following: ``Projects included in the priority list 
        shall come from the highest performing projects 
        identified in the transportation plan under subsection 
        (i)(7). If a lower-performing project is included in 
        the priority project list, an explanation shall be 
        included to explain why the lower-performing project 
        was selected, including the goals of achieving 
        geographic balance or providing benefit to economically 
        distressed areas.'' after the period
  Page 247, after line 17, insert the following:
          (4) in subsection (f)--
                  (A) by redesignating paragraph (9) as 
                paragraph (10);
                  (B) by inserting after paragraph (8) the 
                following:
          ``(9) Project selection transparency and 
        accountability.--Projects included in the adopted long-
        range statewide transportation plan shall be selected 
        through a publicly available transparent process that 
        includes use of criteria that directly support factors 
        in subsection (d), the national transportation goals 
        under section 150(b), and applicable State and regional 
        goals. The criteria shall be used to publicly evaluate 
        and identify the highest performing projects.''.
          (5) in subsection (g)(5)(A), by inserting at the end 
        the following: ``Projects included in the statewide 
        transportation improvement program shall come from the 
        highest performing projects identified in the 
        transportation plan under subsection (f)(9). If a 
        lower-performing project is included in the priority 
        project list, an explanation shall be included to 
        explain why the lower-performing project was selected, 
        including the goals of achieving geographic balance or 
        providing benefit to economically distressed areas.'' 
        after the period.
                              ----------                              

6. An Amendment To Be Offered by Representative Grijalva of Arizona or 
                 His Designee, Debatable for 10 Minutes

  Strike sections 1301 through 1313.
  Page 168, line 12, strike ``this Act,''.
  Strike sections 1315 through 1317.
                              ----------                              

7. An Amendment To Be Offered by Representative Hunter of California or 
                 His Designee, Debatable for 10 Minutes

  Page 225, strike lines 4 through 20 and insert the following:
  (a) In General.--The Secretary shall establish a program to 
permit the acknowledgment of roadside maintenance with the use 
of live plant materials.
  (b) Term.--The Secretary shall carry out the program for a 
10-year period. Upon the request of a State, the Secretary may 
continue to carry out the program for that State for an 
additional 10-year period.
  (c) Participating States.--The Secretary shall select 10 
States to participate in the program.
  (d) Guidelines for Selection of States.--
          (1) In general.--The Secretary shall establish 
        guidelines for selecting States to participate in the 
        program.
          (2) Discretion of states.--The guidelines shall not 
        limit the discretion under subsection (e) of any State 
        participating in the program. Any other guidelines 
        relating to the participation of a State in the program 
        shall be established by that State, subject to 
        subsection (e).
          (3) Priority.--In selecting States to participate in 
        the program, the Secretary shall give priority to any 
        State that can provide documentation demonstrating that 
        the State, or its agents, prior to November 2015, 
        actively reviewed, or stated an interest in, innovative 
        approaches using live plant materials for acknowledging 
        a substantial contribution to roadside maintenance.
  (e) Inconsistent Laws, Regulations, or Manuals.--
Notwithstanding any other provision of law, States 
participating in the program may permit acknowledgment of 
roadside maintenance through the use of live plant materials 
without being limited by any Federal, State, or other law, 
regulation, or manual that limits or regulates procurement 
actions, acknowledgment signs, advertising, landscaping, or 
other uses of, or actions relating to, highway rights-of-way or 
areas adjacent to highway rights-of-way.
  (f) Funds Exclusively for Roadside Maintenance.--Any funds 
paid to a State under the program shall be considered to be 
State funds (as defined in section 101(a) of title 23, United 
States Code), and shall be made available for expenditure under 
the direct control of the State transportation department (as 
defined in that section) exclusively for roadside maintenance.
  (g) Report.--Before the expiration of the first 10-year 
period referred to in subsection (b), the Secretary shall 
submit to the Committee on Transportation and Infrastructure of 
the House of Representatives and the Committee on Environment 
and Public Works of the Senate a report on the results of the 
program.
                              ----------                              

8. An Amendment To Be Offered by Representative Denham of California or 
                 His Designee, Debatable for 10 Minutes

  At the end of subtitle D of title I of Division A, insert the 
following:

SEC. __. FEDERAL AUTHORITY.

  (a) In General.--Section 14501(c) of title 49, United States 
Code, is amended ---
          (1) in paragraph (1), by striking ``paragraphs (2) 
        and (3)'' and inserting ``paragraphs (3) and (4)'';
          (2) by redesignating paragraphs (2) through (5) as 
        paragraphs (3) through (6) respectively;
          (3) by inserting after paragraph (1) the following:
          ``(2) Additional limitations.--
                  ``(A) A State, political subdivision of a 
                State, or political authority of 2 or more 
                States may not enact or enforce a law, 
                regulation, or other provision having the force 
                and effect of law prohibiting employees whose 
                hours of service are subject to regulation by 
                the Secretary under section 31502 from working 
                to the full extent permitted or at such times 
                as permitted under such section, or imposing 
                any additional obligations on motor carriers if 
                such employees work to the full extent or at 
                such times as permitted under such section, 
                including any related activities regulated 
                under part 395 of title 49, Code of Federal 
                Regulations.
                  ``(B) A State, political subdivision of a 
                State, or political authority of 2 or more 
                States may not enact or enforce a law, 
                regulation, or other provision having the force 
                and effect of law that requires a motor carrier 
                that compensates employees on a piece-rate 
                basis to pay those employees separate or 
                additional compensation, provided that the 
                motor carrier pays the employee a total sum 
                that when divided by the total number of hours 
                worked during the corresponding work period is 
                equal to or greater than the applicable hourly 
                minimum wage of the State, political 
                subdivision of the State, or political 
                authority of 2 or more States.
                  ``(C) Nothing in this paragraph shall be 
                construed to limit the provisions of paragraph 
                (1).''.
          (4) in paragraph (3) (as redesignated) by striking 
        ``Paragraph (1)--'' and inserting ``Paragraphs (1) and 
        (2)--''; and
          (5) in paragraph (4)(A) (as redesignated) by striking 
        ``Paragraph (1)'' and inserting ``Paragraphs (1) and 
        (2)''.
  (b) Effective Date.--The amendments made by this section 
shall have the force and effect as if enacted on the date of 
enactment of the Federal Aviation Administration Authorization 
Act of 1994 (Public Law 103-305).
                              ----------                              

 9. An Amendment To Be Offered by Representative Aguilar of California 
               or His Designee, Debatable for 10 Minutes

  At the end of subtitle D of title I of division A, add the 
following:

SEC. __. PROGRAM TO ASSIST VETERANS TO ACQUIRE COMMERCIAL DRIVER'S 
                    LICENSES.

  Not later than 1 year after the date of enactment of this 
Act, the Secretary, in coordination with the Secretary of 
Defense, shall fully implement the recommendations contained in 
the report submitted under section 32308 of MAP-21 (49 U.S.C. 
31301 note).
                              ----------                              

10. An Amendment To Be Offered by Representative Hahn of California or 
                 Her Designee, Debatable for 10 Minutes

  At the end of subtitle D of title I of division A, add the 
following:

SEC. __. STUDY ON BURYING POWER LINES.

  Not later than 1 year after the date of enactment of this 
Act, the Secretary shall conduct a study and report the 
findings of such study to the appropriate committees of 
Congress regarding the feasibility, costs, and economic impact 
of burying power lines underground. Such study shall include 
the potential costs and benefits of burying power lines 
underground when building new roads.
                              ----------                              

11. An Amendment To Be Offered by Representative Heck of Washington or 
                 His Designee, Debatable for 10 Minutes

  At the end of subtitle D of title I of division A, add the 
following new section:

SEC. 1431. STORMWATER REDUCTION ASSISTANCE PROGRAM.

  Chapter 3 of title 23, United States Code, is amended by 
adding at the end the following:

``Sec. 330. Stormwater reduction assistance program

  ``(a) Definitions.--In this section, the term `green 
stormwater infrastructure' refers to stormwater management 
techniques that address the quality or quantity of stormwater 
related to highway construction or due to highway runoff.
  ``(b) Federal Highway Runoff Management Program.--
          ``(1) In general.--Not later than 180 days after the 
        date of the enactment of this section, the Secretary, 
        in consultation with the heads of other relevant 
        Federal agencies, shall develop and publish best 
        practices and guidance for the installation, use and 
        maintenance of green stormwater infrastructure, 
        including the adoption of permeable, pervious, or 
        porous paving materials or other practices and systems 
        that are designed to minimize environmental impacts of 
        stormwater runoff and flooding.
          ``(2) Contents.--The guidance shall include best 
        practices, guidelines, and technical assistance for the 
        installation and use of green stormwater technologies, 
        including--
                  ``(A) identification of existing and emerging 
                green stormwater infrastructure technologies;
                  ``(B) cost-benefit information relating to 
                green stormwater infrastructure approaches;
                  ``(C) performance analyses of green 
                stormwater infrastructure technologies in 
                typical use scenarios; and
                  ``(D) guidance and best practices on the 
                design, implementation, use, and maintenance of 
                green stormwater infrastructure features.
          ``(3) Updates.--Not later than 5 years after the date 
        of publication of the guidance under this paragraph, 
        and not less frequently than once every 5 years 
        thereafter, the Secretary, in consultation with the 
        heads of other relevant Federal agencies, shall update 
        the guidance, as applicable.''.
                              ----------                              

 12. An Amendment To Be Offered by Representative King of Iowa or His 
                   Designee, Debatable for 10 Minutes

  At the end of subtitle D of title I of division A, add the 
following:

SEC. __. PREVAILING RATE OF WAGE REQUIREMENTS.

  None of the funds made available by this Act, including the 
amendments made by this Act, may be used to implement, 
administer, or enforce the prevailing rate of wage requirements 
in subchapter IV of chapter 31 of title 40, United States Code 
(commonly referred to as the Davis-Bacon Act).
                              ----------                              

 13. An Amendment To Be Offered by Representative Larsen of Washington 
               or His Designee, Debatable for 10 Minutes

  Add at the end of title II the following:

SEC. __. STREAMLINED APPLICATION PROCESS.

  Section 603 of title 23, United States Code, is amended by 
adding at the end the following:
  ``(f) Streamlined Application Process.--
          ``(1) In general.--Not later than 180 days after the 
        date of enactment of the Surface Transportation 
        Reauthorization and Reform Act of 2015, the Secretary 
        shall make available an expedited application process 
        or processes available at the request of entities 
        seeking secured loans under this chapter that use a set 
        or sets of conventional terms established pursuant to 
        this section.
          ``(2) Terms.--In establishing the streamlined 
        application process required by this subsection, the 
        Secretary shall include terms commonly included in 
        prior credit agreements that are desirable to borrowers 
        and allow for an expedited application period, 
        including--
                  ``(A) the secured loan is in an amount of not 
                greater than $100,000,000;
                  ``(B) the secured loan is secured and payable 
                from pledged revenues not affected by project 
                performance, such as a tax-backed revenue 
                pledge, tax increment financing, or a system-
                backed pledge of project revenues; and
                  ``(C) repayment of the loan commence not 
                later than 2 years after disbursement.''.
                              ----------                              

14. An Amendment To Be Offered by Representative Culberson of Texas or 
                 His Designee, Debatable for 10 Minutes

  Page 249, after line 14, insert the following:
          (2) in subsection (c)(1)--
                  (A) in subparagraph (B)(ii) by striking 
                ``and'' at the end;
                  (B) in subparagraph (B)(iii) by striking the 
                period and inserting ``; and'' ; and
                  (D) by adding at the end of subparagraph (B) 
                the following:
                          ``(iv) the applicant shall have a 
                        current operating ratio, as such ratio 
                        is set forth by the Federal Transit 
                        Administration using the ratio of 
                        current assets to current liabilities, 
                        of 1:1.''.
                              ----------                              

 15. An Amendment To Be Offered by Representative Comstock of Virginia 
               or Her Designee, Debatable for 10 Minutes

  Page 281, line 22, insert ``and public transportation that is 
provided on high-occupancy toll lanes converted from high-
occupancy vehicle lanes during peak hours'' after ``hours''.
                              ----------                              

 16. An Amendment To Be Offered by Representative Meng of New York or 
                 Her Designee, Debatable for 10 Minutes

  At the end of title I (page 233, after line 8), insert the 
following:

SEC. 1431. IMPROVEMENT OF DATA COLLECTION ON CHILD OCCUPANTS IN VEHICLE 
                    CRASHES.

  (a) In General.--Not later than 1 year after the date of 
enactment of this Act, the Secretary shall revise the crash 
investigation data collection system of the National Highway 
Traffic Safety Administration to include the collection of the 
following data in connection with vehicle crashes whenever a 
child restraint system was in use in a vehicle involved in a 
crash:
          (1) The type or types of child restraint systems in 
        use during the crash in any vehicle involved in the 
        crash, including whether a five-point harness or belt-
        positioning booster.
          (2) If a five-point harness child restraint system 
        was in use during the crash, whether the child 
        restraint system was forward-facing or rear-facing in 
        the vehicle concerned.
  (b) Consultation.--In implementing subsection (a), the 
Secretary shall work with law enforcement officials, safety 
advocates, the medical community, and research organizations to 
improve the recordation of data described in subsection (a) in 
police and other applicable incident reports.
  (c) Report.--Not later than 3 years after the date of 
enactment of this Act, the Secretary shall submit to the 
Committee on Commerce, Science, and Transportation of the 
Senate and the Committee on Energy and Commerce of the House of 
Representatives a report on child occupant crash data 
collection in the crash investigation data collection system of 
the National Highway Traffic Safety Administration pursuant to 
the revision required by subsection (a).
                              ----------                              

17. An Amendment To Be Offered by Representative Russell of Oklahoma or 
                 His Designee, Debatable for 10 Minutes

  At the end of title III of division A, insert the following:

SEC. __. STREETCAR FUNDING PROHIBITION.

  Notwithstanding any other provision of law, Federal financial 
assistance may not be provided for any project or activity to 
establish, maintain, operate, or otherwise support a streetcar 
service. This section does not apply to a contract entered into 
before the date of enactment of this Act.
                              ----------                              

18. An Amendment To Be Offered by Representative Edwards of Maryland or 
                 Her Designee, Debatable for 10 Minutes

  At the end of title III of division A, add the following:

SEC. __. APPOINTMENT OF DIRECTORS OF THE WASHINGTON METROPOLITAN AREA 
                    TRANSIT AUTHORITY.

  (a) Definitions.--In this section--
          (1) the term ``Compact'' means the Washington 
        Metropolitan Area Transit Authority Compact (Public Law 
        89-774; 80 Stat. 1324);
          (2) the term ``Federal Director'' means--
                  (A) a voting member of the Board of Directors 
                of the Transit Authority who represents the 
                Federal Government; and
                  (B) a nonvoting member of the Board of 
                Directors of the Transit Authority who serves 
                as an alternate for a member described in 
                subparagraph (A); and
          (3) the term ``Transit Authority'' means the 
        Washington Metropolitan Area Transit Authority 
        established under Article III of the Compact.
  (b) Appointment by Secretary of Transportation.--
          (1) In general.--For any appointment made on or after 
        the date of enactment of this Act, the Secretary of 
        Transportation shall have sole authority to appoint 
        Federal Directors to the Board of Directors of the 
        Transit Authority.
          (2) Amendment to compact.--The signatory parties to 
        the Compact shall amend the Compact as necessary in 
        accordance with paragraph (1).
                              ----------                              

19. An Amendment To Be Offered by Representative Frankel of Florida or 
                 Her Designee, Debatable for 10 Minutes

  Beginning on page 424, strike line 17 and all that follows 
through page 426, line 24.
  Page 428, line 20, strike ``and'' at the end.
  Page 428, line 23, strike the period and insert ``; and''.
  Page 428, after line 23, insert the following:
          (4) is not a high-risk carrier, as identified by the 
        Federal Motor Carrier Safety Administration.
  Beginning on page 449, strike line 5 and all that follows 
through page 451, line 22.
                              ----------                              

    20. An Amendment To Be Offered by Representative Duncan Jr. of 
          Tennessee or His Designee, Debatable for 10 Minutes

  Page 428, line 23, before the period, insert ``or be 
unrated''.
  Page 428, after line 23, insert the following:
          (4) has not been issued an out-of-service order to 
        prohibit a motor carrier from conducting operations at 
        the motor carrier level--
                  (A) for failing to pay fines under part 
                385.14 of title 49, Code of Federal 
                Regulations;
                  (B) for a proposed ``unsatisfactory'' safety 
                rating under part 385.13(d) of title 49, Code 
                of Federal Regulations;
                  (C) for failing to respond to a new entrant 
                audit under part 385.325 of title 49, Code of 
                Federal Regulations; and
                  (D) and currently is being considered as an 
                imminent hazard at the carrier level (not the 
                individual driver or equipment level).
                              ----------                              

 21. An Amendment To Be Offered by Representative Lewis of Georgia or 
                 His Designee, Debatable for 10 Minutes

  Page 441, beginning line 3, strike section 5404 and insert 
the following new section:

SEC. 5404. STUDY ON COMMERCIAL DRIVER'S LICENSE PROGRAM.

  (a) Study.--The Secretary shall conduct a study to evaluate 
the safety effects of the laws and regulations of States that 
allow licensed drivers between the ages of 18 years and 21 
years to obtain a commercial driver's license to operate a 
commercial motor vehicle within the State.
  (b) Matters Included.--The study under subsection (a) shall 
include the following:
          (1) A review of the requirements for licensed drivers 
        between the ages of 18 years and 21 years to obtain 
        commercial driver's licenses described in such 
        subsection.
          (2) A review of collision rates and fatal collision 
        rates for such drivers while operating a commercial 
        motor vehicle.
          (3) A review of any other safety factors and metrics 
        determined appropriate by the Secretary in accordance 
        with subsection (c).
  (c) Input.--In conducting the study under subsection (a), 
including with respect to the safety factors and metrics 
reviewed under subsection (b)(3), the Secretary shall solicit 
input from representatives of State motor vehicle 
administrators, motor carriers, labor organizations, 
independent truck drivers, safety advocates, medical 
associations and medical professionals, and other persons 
determined appropriate by the Secretary.
  (d) Report.--Not later than 2 years after the date of 
enactment of this Act, the Secretary shall publish a report 
containing the results of the study under subsection (a), 
including any recommendations for statutory changes.
                              ----------                              

22. An Amendment To Be Offered by Representative Johnson of Georgia or 
                 His Designee, Debatable for 10 Minutes

  Page 449, beginning line 5, strike section 5501 relating 
minimum financial responsibility rulemaking.
                              ----------                              

23. An Amendment To Be Offered by Representative Ribble of Wisconsin or 
                 His Designee, Debatable for 10 Minutes

  At the end of title V of division A, add the following:

SEC. __. TRANSPORTATION OF CONSTRUCTION MATERIALS AND EQUIPMENT.

  Section 229(e)(4) of the Motor Carrier Safety Improvement Act 
of 1999 (49 U.S.C. 31136 note) is amended--
          (1) by striking ``50 air mile radius'' and inserting 
        ``75 air mile radius''; and
          (2) by striking ``the driver.'' and inserting ``the 
        driver, except that a State, upon notice to the 
        Secretary, may establish a different air mile radius 
        limitation for purposes of this paragraph if such 
        limitation is between 50 and 75 air miles and applies 
        only to movements that take place entirely within the 
        State.''.
                              ----------                              

24. An Amendment To Be Offered by Representative Schweikert of Arizona 
               or His Designee, Debatable for 10 Minutes

  At the end of title VI of division A, add the following new 
section:

SEC. 6027. PILOT PROGRAM FOR REDUCTION OF DEPARTMENT-OWNED VEHICLES AND 
                    INCREASE IN USE OF RIDE-SHARING SERVICES.

  (a) Pilot Program Requirement.--The Secretary of each covered 
department shall establish a pilot program within the 
department for the following purposes:
          (1) To reduce the inventory of light vehicles owned 
        by the department by 10 percent for each of the fiscal 
        years described in subsection (b), through the sale or 
        other appropriate disposal of such vehicles.
          (2) At the discretion of the Secretary of the 
        department, to increase the use by the department of 
        commercial ride-sharing companies.
  (b) Fiscal Years Described.--The fiscal years described in 
this subsection are the following:
          (1) The first fiscal year beginning after the 
        expiration of the 1-year period starting on the date of 
        the enactment of this Act.
          (2) Each of the four fiscal years following the 
        fiscal year described in paragraph (1).
  (c) Report to Congress.--Not later than 60 days after the end 
of the fiscal year described in subsection (b)(1), and annually 
thereafter for the duration of the pilot program, the Secretary 
of each covered department shall submit to Congress a report on 
the results of the pilot program in the department. The report 
shall include information about the transportation budget of 
the department and such findings and recommendations as the 
Secretary of the department considers appropriate.
  (d) Covered Department.--In this Act, the term ``covered 
department'' means each of the following:
          (1) The Department of Agriculture.
          (2) The Department of the Interior.
          (3) The Department of Energy.
                              ----------                              

25. An Amendment To Be Offered by Representative Schweikert of Arizona 
               or His Designee, Debatable for 10 Minutes

  At the end of title VI of division A, add the following new 
section:

SEC. 6027. STUDY AND REPORT ON REDUCING THE AMOUNT OF VEHICLES OWNED BY 
                    CERTAIN FEDERAL DEPARTMENTS AND INCREASING THE USE 
                    OF COMMERCIAL RIDE-SHARING BY THOSE DEPARTMENTS.

  (a) Study.--The Comptroller General of the United States 
shall conduct a study on the feasibility of--
          (1) reducing the amount of vehicles owned by a 
        covered department; and
          (2) increasing the use of commercial ride-sharing 
        companies by a covered department.
  (b) Report.--Not later than 1 year after the date of the 
enactment of this Act, the Comptroller General of the United 
States shall submit to Congress a report that contains the 
results and conclusions of the study conducted under subsection 
(a).
  (c) Covered Department Defined.--In this section, the term 
``covered department'' means each of the following:
          (1) The Department of Agriculture.
          (2) The Department of the Interior.
          (3) The Department of Energy.
                              ----------                              

26. An Amendment To Be Offered by Representative Reichert of Washington 
               or His Designee, Debatable for 10 Minutes

  Page 580, in the matter following line 20, add to the 
analysis for chapter 702 of title 49, United States Code, after 
the item relating to section 70203, the following:

``70204. GAO study on economic impact of labor contract negotiations at 
          ports on west coast.

  Page 584, line 20, strike the closing quotation marks and the 
period at the end.
  Page 584, after line 20, insert the following:

``Sec. 70204. GAO study on economic impact of labor contract 
                    negotiations at ports on west coast

  ``(a) Study.--With respect to the slowdown that occurred 
during labor contract negotiations at ports on the west coast 
of the United States during the period from May 2014 to 
February 2015, the Comptroller General of the United States 
shall conduct a study to--
          ``(1) determine the economic impact of such slowdown 
        on the United States and on each port in the United 
        States, including changes in the amount of cargo 
        arriving at and leaving from ports on the west coast 
        and other changes in cargo patterns, including 
        congestion;
          ``(2) calculate the cost, including the cost to 
        importers, exporters, farmers, manufacturers, and 
        retailers, of contingency plans put in place to avoid 
        disruptions from such slowdown;
          ``(3) review steps taken by the Federal Mediation and 
        Conciliation Service to resolve the dispute that caused 
        such slowdown;
          ``(4) identify tools such Service or the President 
        could have used to facilitate a resolution to such 
        dispute;
          ``(5) evaluate what other mechanisms are available to 
        the President to avoid disruptions during future labor 
        negotiations at ports in the United States;
          ``(6) suggest how such mechanisms could be changed to 
        improve the ability to avoid such disruptions in order 
        to prevent serious economic harm to importers, 
        exporters, farmers, manufacturers, and retailers; and
          ``(7) suggest any legislation that might ensure 
        better regulation of the operations of ports in the 
        United States with respect to such labor negotiations.
  ``(b) Report.--Not later than 1 year after the date of the 
enactment of this section, the Comptroller General of the 
United States shall submit a report to Congress containing the 
findings of the study conducted under subsection (a).''.
                              ----------                              

27. An Amendment To Be Offered by Representative Newhouse of Washington 
               or His Designee, Debatable for 10 Minutes

  At the end of title VIII of Division A of the bill, add the 
following:

SEC. ___. FINDINGS ON PORT PERFORMANCE.

  Congress finds the following:
          (1) America's ports play a critical role in the 
        Nation's transportation supply chain network.
          (2) Reliable and efficient movement of goods through 
        the Nation's ports ensures that American goods are 
        available to customers throughout the world.
          (3) Breakdowns in the transportation supply chain 
        network, particularly at the Nation's ports, can result 
        in tremendous economic losses for agriculture, 
        businesses, and retailers that rely on timely 
        shipments.
          (4) A clear understanding of terminal and port 
        productivity and throughput should help--
                  (A) to identify freight bottlenecks;
                  (B) to indicate performance and trends over 
                time; and
                  (C) to inform investment decisions.

SEC. ___. PORT PERFORMANCE FREIGHT STATISTICS PROGRAM.

  (a) In General.--Chapter 63 of title 49, United States Code, 
is amended by adding at the end the following:

``Sec. 6314. Port performance freight statistics program

  ``(a) In General.--The Director shall establish, on behalf of 
the Secretary, a port performance statistics program to provide 
nationally consistent measures of performance of, at a 
minimum--
          ``(1) the Nation's top 25 ports by tonnage;
          ``(2) the Nation's top 25 ports by 20-foot equivalent 
        unit; and
          ``(3) the Nation's top 25 ports by dry bulk.
  ``(b) Reports.--
          ``(1) Port capacity and throughput.--Not later than 
        January 15 of each year, the Director shall submit an 
        annual report to Congress that includes statistics on 
        capacity and throughput at the ports described in 
        subsection (a).
          ``(2) Port performance measures.--The Director shall 
        collect monthly port performance measures for each of 
        the United States ports referred to in subsection (a) 
        that receives Federal assistance or is subject to 
        Federal regulation to submit a quarterly report to the 
        Bureau of Transportation Statistics that includes 
        monthly statistics on capacity and throughput as 
        applicable to the specific configuration of the port.
                  ``(A) Monthly measures.--The Director shall 
                collect monthly measures, including--
                          ``(i) the average number of lifts per 
                        hour of containers by crane;
                          ``(ii) the average vessel turn time 
                        by vessel type;
                          ``(iii) the average cargo or 
                        container dwell time;
                          ``(iv) the average truck time at 
                        ports;
                          ``(v) the average rail time at ports; 
                        and
                          ``(vi) any additional metrics, as 
                        determined by the Director after 
                        receiving recommendations from the 
                        working group established under 
                        subsection (c).
                  ``(B) Modifications.--The Director may 
                consider a modification to a metric under 
                subparagraph (A) if the modification meets the 
                intent of the section.
  ``(c) Recommendations.--
          ``(1) In general.--The Director shall obtain 
        recommendations for--
                  ``(A) specifications and data measurements 
                for the port performance measures listed in 
                subsection (b)(2);
                  ``(B) additionally needed data elements for 
                measuring port performance; and
                  ``(C) a process for the Department of 
                Transportation to collect timely and consistent 
                data, including identifying safeguards to 
                protect proprietary information described in 
                subsection (b)(2).
          ``(2) Working group.--Not later than 60 days after 
        the date of the enactment of this section, the Director 
        shall commission a working group composed of--
                  ``(A) operating administrations of the 
                Department of Transportation;
                  ``(B) the Coast Guard;
                  ``(C) the Federal Maritime Commission;
                  ``(D) U.S. Customs and Border Protection;
                  ``(E) the Marine Transportation System 
                National Advisory Council;
                  ``(F) the Army Corps of Engineers;
                  ``(G) the Saint Lawrence Seaway Development 
                Corporation;
                  ``(H) the Advisory Committee on Supply Chain 
                Competitiveness;
                  ``(I) 1 representative from the rail 
                industry;
                  ``(J) 1 representative from the trucking 
                industry;
                  ``(K) 1 representative from the maritime 
                shipping industry;
                  ``(L) 1 representative from a labor 
                organization for each industry described in 
                subparagraphs (I) through (K);
                  ``(M) 1 representative from a port authority;
                  ``(N) 1 representative from a terminal 
                operator;
                  ``(O) representatives of the National Freight 
                Advisory Committee of the Department; and
                  ``(P) representatives of the Transportation 
                Research Board of the National Academies.
          ``(3) Recommendations.--Not later than 1 year after 
        the date of the enactment of this section, the working 
        group commissioned under this subsection shall submit 
        its recommendations to the Director.
  ``(d) Access to Data.--The Director shall ensure that the 
statistics compiled under this section are readily accessible 
to the public, consistent with applicable security constraints 
and confidentiality interests.''.
  (b) Prohibition on Certain Disclosures.--Section 6307(b)(1) 
of title 49, United States Code, is amended by inserting ``or 
section 6314(b)'' after ``section 6302(b)(3)(B)'' each place it 
appears.
  (c) Copies of Reports.--Section 6307(b)(2)(A) of such title 
is amended by inserting ``or section 6314(b)'' after ``section 
6302(b)(3)(B)''.
  (d) Technical and Conforming Amendment.--The table of 
contents for chapter 63 of such title is amended by adding at 
the end the following:

``6314. Port performance freight statistics program.''.
                    ____________________________________________________

 28. An Amendment To Be Offered by Representative Lipinski of Illinois 
               or His Designee, Debatable for 10 Minutes

  Page 601, before line 3, add the following new subsection:
  (c) Sense of Congress Regarding Railroad Rehabilitation and 
Improvement Financing Program.--It is the sense of Congress 
that, under the railroad rehabilitation and improvement 
financing program, the Federal Railroad Administration and 
Department of Transportation are authorized to issue loans and 
loan guarantees for transit oriented development and projects 
that finance economic development, including commercial and 
residential development, and related infrastructure activities 
that incorporate private investment and are physically or 
functionally related to a passenger rail station or a 
multimodal station that includes rail service.
                              ----------                              

29. An Amendment To Be Offered by Representative DeSantis of Florida or 
                 His Designee, Debatable for 10 Minutes

  At the end of subtitle D of title I of division A, add the 
following new section:

SEC. 1431. SENSE OF CONGRESS ON INSOLVENCY OF THE HIGHWAY TRUST FUND 
                    AND RETURNING POWER TO STATES.

  (a) Findings.--Congress finds the following:
          (1) The Highway Trust Fund is nearing insolvency.
          (2) It is critical for Congress to phase down the 
        Federal gas and diesel taxes and empower the States to 
        tax and regulate their highway and infrastructure 
        projects.
          (3) The Federal role and funding of surface 
        transportation should be refocused solely on Federal 
        activities and empower States with control and 
        responsibility over their transportation funding and 
        spending decisions.
          (4) The objective of the Federal highway program has 
        been to facilitate the construction of a modern freeway 
        system that promotes efficient interstate commerce by 
        connecting all States.
          (5) The Interstate System connecting all States is 
        near completion.
          (6) Each State has the responsibility of providing an 
        efficient transportation network for the residents of 
        the State.
          (7) Each State has means to build and operate a 
        network of transportation systems, including highways, 
        that best serves the needs of the State.
          (8) Each State is best capable of determining the 
        needs of the State and acting on those needs.
          (9) The Federal role in highway transportation has, 
        over time, usurped the role of the States by taxing 
        motor fuels used in the States and then distributing 
        the proceeds to the States based on the perceptions of 
        the Federal Government on what is best for the States.
          (10) The Federal Government has used the Federal 
        motor fuel tax revenues to force all States to take 
        actions that are not necessarily appropriate for 
        individual States.
          (11) The Federal distribution, review, and 
        enforcement process wastes billions of dollars on 
        unproductive activities.
          (12) The Federal mandates that apply uniformly to all 
        50 States, regardless of the different circumstances of 
        the States, cause the States to waste billions of hard-
        earned tax dollars of projects, programs, and 
        activities that the States would not otherwise 
        undertake.
          (13) Congress has expressed a strong interest in 
        reducing the role of the Federal Government by allowing 
        each State to manage its own affairs.
  (b) Sense of Congress.--It is the sense of Congress that--
          (1) the Secretary should provide a new policy 
        blueprint to govern the Federal role in transportation 
        once existing and prior financial obligations are met;
          (2) this policy should return to the individual 
        States maximum discretionary authority and fiscal 
        responsibility for all elements of the national surface 
        transportation systems that are not within the direct 
        purview of the Federal Government;
          (3) this policy will preserve the Federal 
        responsibility for the Dwight D. Eisenhower National 
        System of Interstate and Defense Highways and will 
        preserve responsibility of the Department of 
        Transportation for design construction and preservation 
        of transportation facilities on Federal public land, 
        preserving responsibility of the Department of 
        Transportation for national programs of transportation 
        research and development and transportation safety; and
          (4) this policy will preserve responsibility of the 
        Department of Transportation to eliminate, to the 
        maximum extent practicable, Federal obstacles to the 
        ability of each State to apply innovative solutions to 
        the financing, design, construction, operation, and 
        preservation of Federal and State transportation 
        facilities with respect to transportation activities 
        carried out by States, local governments, and the 
        private sector.
                              ----------                              

30. An Amendment To Be Offered by Representative Moore of Wisconsin or 
                 Her Designee, Debatable for 10 Minutes

  Page 17, after line 14, insert the following:
          (8) Sense of congress on prompt payment of dbe 
        subcontractors.--It is the sense of Congress that--
                  (A) the Secretary should take additional 
                steps to ensure that recipients comply with 
                section 26.29 of title 49, Code of Federal 
                Regulations (the disadvantaged business 
                enterprises prompt payment rule), or any 
                corresponding regulation, in awarding federally 
                funded transportation contracts under laws and 
                regulations administered by the Secretary; and
                  (B) such additional steps should include 
                increasing the Department's ability to track 
                and keep records of complaints and to make that 
                information publicly available.
                              ----------                              

31. An Amendment To Be Offered by Representative Graves of Louisiana or 
                 His Designee, Debatable for 10 Minutes

  Page 65, strike lines 16 and 17, and insert the following:
          ``(5) enhance the resiliency of critical highway 
        infrastructure, including highway infrastructure that 
        supports national energy security.
                              ----------                              

 32. An Amendment To Be Offered by Representative Polis of Colorado or 
                 His Designee, Debatable for 10 Minutes

  Page 198, line 3, strike the closing quotation marks and the 
final period and insert the following:
          ``(86) Interstate Route 70 from Denver, Colorado, to 
        Salt Lake City, Utah.''.
                              ----------                              

33. An Amendment To Be Offered by Representative Bonamici of Oregon or 
                 Her Designee, Debatable for 10 Minutes

  Page 198, line 3, strike the closing quotation marks and 
final period.
  Page 198, after line 3, insert the following:
          ``(86) The Oregon 99W Newberg-Dundee Bypass Route 
        between Newberg, Oregon, and Dayton, Oregon.''.
                              ----------                              

34. An Amendment To Be Offered by Representative Schrader of Oregon or 
                 His Designee, Debatable for 10 Minutes

  Page 198, line 3, striking the closing quotation mark and the 
second period.
  Page 198, insert after line 3 the following:
          ``(86) Interstate Route 205 in Oregon from its 
        intersection with Interstate Route 5 to the Columbia 
        River.''.
                              ----------                              

35. An Amendment To Be Offered by Representative Duffy of Wisconsin or 
                 His Designee, Debatable for 10 Minutes

  Page 229, line 23, strike the closing quotation marks and 
final period.
  Page 229, after line 23, insert the following:
  ``(n) Certain Logging Vehicles in Wisconsin.--
          ``(1) In general.--The Secretary shall waive, with 
        respect to a covered logging vehicle, the application 
        of any vehicle weight limit established under this 
        section.
          ``(2) Covered logging vehicle defined.--In this 
        subsection, the term `covered logging vehicle' means a 
        vehicle that--
                  ``(A) is transporting raw or unfinished 
                forest products, including logs, pulpwood, 
                biomass, or wood chips;
                  ``(B) has a gross vehicle weight of not more 
                than 98,000 pounds;
                  ``(C) has not less than 6 axles; and
                  ``(D) is operating on a segment of Interstate 
                Route 39 in Wisconsin from mile marker 175.8 to 
                mile marker 189.''.
                              ----------                              

 36. An Amendment To Be Offered by Representative Crawford of Arkansas 
               or His Designee, Debatable for 10 Minutes

  Add at the end of the title I of the bill the following:

SEC. __. OPERATION OF CERTAIN SPECIALIZED VEHICLES ON CERTAIN HIGHWAYS 
                    IN THE STATE OF ARKANSAS.

  If any segment of United States Route 63 between the exits 
for highways 14 and 75 in the State of Arkansas is designated 
as part of the Interstate System, the single axle weight, 
tandem axle weight, gross vehicle weight, and bridge formula 
limits under section 127(a) of title 23, United States Code, 
and the width limitation under section 31113(a) of title 49, 
United States Code, shall not apply to that segment with 
respect to the operation of any vehicle that may have legally 
operated on that segment before the date of the designation.
                              ----------                              

    37. An Amendment To Be Offered by Representative Fitzpatrick of 
         Pennsylvania or His Designee, Debatable for 10 Minutes

  At the end of subtitle D of title I of Division A, insert the 
following:

SEC. ___. PROJECTS FOR PUBLIC SAFETY RELATING TO IDLING TRAINS.

  Section 130(a) of title 23, United States Code, is amended by 
striking ``and the relocation of highways to eliminate grade 
crossings'' and inserting ``the relocation of highways to 
eliminate grade crossings, and projects to eliminate hazards 
posed by blocked grade crossings due to idling trains''.
                              ----------                              

 38. An Amendment To Be Offered by Representative Lipinski of Illinois 
               or His Designee, Debatable for 10 Minutes

  At the end of subtitle D of title I of division A, add the 
following:

SEC. __. EXEMPTIONS FROM REQUIREMENTS FOR CERTAIN WELDING TRUCKS USED 
                    IN PIPELINE INDUSTRY.

  (a) Covered Motor Vehicle Defined.--In this section, the term 
``covered motor vehicle'' means a motor vehicle that--
          (1) is traveling in the State in which the vehicle is 
        registered or another State;
          (2) is owned by a welder;
          (3) is a pick-up style truck;
          (4) is equipped with a welding rig that is used in 
        the construction or maintenance of pipelines; and
          (5) has a gross vehicle weight and combination weight 
        rating and weight of 15,000 pounds or less.
  (b) Federal Requirements.--A covered motor vehicle, including 
the individual operating such vehicle and the employer of such 
individual, shall be exempt from the following:
          (1) Any requirement relating to registration as a 
        motor carrier, including the requirement to obtain and 
        display a Department of Transportation number, 
        established under chapters 139 and 311 of title 49, 
        United States Code.
          (2) Any requirement relating to driver qualifications 
        established under chapter 311 of title 49, United 
        States Code.
          (3) Any requirement relating to driving of commercial 
        motor vehicles established under chapter 311 of title 
        49, United States Code.
          (4) Any requirement relating to parts and accessories 
        and inspection, repair, and maintenance of commercial 
        motor vehicles established under chapter 311 of title 
        49, United States Code.
          (5) Any requirement relating to hours of service of 
        drivers, including maximum driving and on duty time, 
        established under chapter 315 of title 49, United 
        States Code.
                              ----------                              

39. An Amendment To Be Offered by Representative Nolan of Minnesota or 
                 His Designee, Debatable for 10 Minutes

  At the end of title I of division A, add the following:

SEC. __. WAIVER.

  (a) In General.--The Secretary shall waive, for a covered 
logging vehicle, the application of any vehicle weight limit 
established under section 127 of title 23, United States Code.
  (b) Covered Logging Vehicle Defined.--In this section, the 
term ``covered logging vehicle'' means a vehicle that--
          (1) is transporting raw or unfinished forest 
        products, including logs, pulpwood, biomass, or wood 
        chips;
          (2) has a gross vehicle weight of not more than 
        99,000 pounds;
          (3) has not less than 6 axles; and
          (4) is operating on a segment of Interstate Route 35 
        in Minnesota from mile marker 235.4 to mile marker 
        259.552.
                              ----------                              

40. An Amendment To Be Offered by Representative Cohen of Tennessee or 
                 His Designee, Debatable for 10 Minutes

  Page 241, line 10, strike ``and''.
  Page 241, after line 10, insert the following:
          (2) by amending paragraph (3)(I) to read as follows:
                  ``(I) the provision of nonfixed route 
                paratransit transportation services in 
                accordance with section 223 of the Americans 
                with Disabilities Act of 1990 (42 U.S.C. 
                12143), but only for grant recipients that are 
                in compliance with applicable requirements of 
                that Act, including both fixed route and demand 
                responsive service, and only for amounts--
                          ``(i) not to exceed 10 percent of 
                        such recipient's annual formula 
                        apportionment under sections 5307 and 
                        5311; or
                          ``(ii) not to exceed 20 percent of 
                        such recipient's annual formula 
                        apportionment under sections 5307 and 
                        5311, if consistent with guidance 
                        issued by the Secretary, the recipient 
                        demonstrates that the recipient meets 
                        at least one of the following 
                        requirements:
                                  ``(I) Provides an active 
                                fixed route travel training 
                                program that is available for 
                                riders with disabilities.
                                  ``(II) Provides that all 
                                fixed route and paratransit 
                                operators participate in a 
                                passenger safety, disability 
                                awareness, and sensitivity 
                                training class on at least a 
                                biennial basis.
                                  ``(III) Has memoranda of 
                                understanding in place with 
                                employers and American Job 
                                Centers to increase access to 
                                employment opportunities for 
                                people with disabilities.''.
                              ----------                              

41. An Amendment To Be Offered by Representative Veasey of Texas or His 
                   Designee, Debatable for 10 Minutes

  Page 248, beginning on line 6, strike ``or general public 
demand response service'' and insert ``or demand response 
service, excluding ADA complementary paratransit service,''.
                              ----------                              

 42. An Amendment To Be Offered by Representative Lipinski of Illinois 
               or His Designee, Debatable for 10 Minutes

  Page 252, strike lines 14 through 19 and insert the 
following: ``exceed 80 percent of the net capital project cost. 
A full funding grant agreement for a new fixed guideway project 
shall not include a share of more than 50 percent from the 
funds made available under this section. Funds made available 
under section 133 of title 23, United States Code, may not be 
used for a grant agreement under subsection (d). A grant for a 
core capacity project shall not exceed 80 percent of the net 
capital project cost of the incremental cost to increase the 
capacity in the corridor. A grant for a small start project 
shall not exceed 80 percent of the net capital project 
costs.''; and
                              ----------                              

    43. An Amendment To Be Offered by Representative Adams of North 
           Carolina or Her Designee, Debatable for 10 Minutes

  Page 263, line 18, strike ``minority, and female'' and insert 
the following: ``female, individual with a disability, minority 
(including American Indian or Alaska Native, Asian, Black or 
African American, native Hawaiian or other Pacific Islander, 
and Hispanic)''.
                              ----------                              

44. An Amendment To Be Offered by Representative Foxx of North Carolina 
               or Her Designee, Debatable for 10 Minutes

  Page 268, line 14, strike ``and''.
  Page 268, line 17, strike the period and insert a semicolon 
and after such line insert the following:
                          ``(iv) the percentage of program 
                        participants who are in unsubsidized 
                        employment during the second quarter 
                        after exit from any such program;
                          ``(v) the percentage of program 
                        participants who are in unsubsidized 
                        employment during the fourth quarter 
                        after exit from any such program;
                          ``(vi) the median earnings of program 
                        participants who are in unsubsidized 
                        employment during the second quarter 
                        after exit from any such program;
                          ``(vii) the percentage of program 
                        participants who obtain a recognized 
                        postsecondary credential, or a 
                        secondary school diploma or its 
                        recognized equivalent, during 
                        participation in or within 1 year after 
                        exit from any such program; and
                          ``(viii) the percentage of program 
                        participants who, during a program 
                        year, are in an education or training 
                        program that leads to a recognized 
                        postsecondary credential or employment 
                        and who are achieving measurable skill 
                        gains toward such a credential or 
                        employment.''.
  Page 267, line 25, strike ``and''.
  Page 268, line 4, strike the period and insert a semicolon 
and after such line insert the following:
                          ``(x) address in-demand industry 
                        sector or occupation, as such term is 
                        defined in section 3 of the Workforce 
                        Innovation and Opportunity Act (29 
                        U.S.C. 3102).''.
                              ----------                              

 45. An Amendment To Be Offered by Representative Lawrence of Michigan 
               or Her Designee, Debatable for 10 Minutes

  Page 314, after line 15, insert the following new subsection:
  (d) Report.--The Council shall, concurrently with submission 
to the President of a report containing final recommendations 
of the Council, transmit such report to the Committee on 
Transportation and Infrastructure of the House of 
Representatives and the Committee on Commerce, Science, and 
Transportation of the Senate.
                              ----------                              

46. An Amendment To Be Offered by Representative Moore of Wisconsin or 
                 Her Designee, Debatable for 10 Minutes

  At the end of title III of division A, add the following:

SEC. ___. EFFECTIVENESS OF PUBLIC TRANSPORTATION CHANGES AND FUNDING.

  Not later than 18 months after the date of enactment of this 
Act, the Comptroller General shall examine and evaluate the 
impact of the changes that Map-21 had on public transportation, 
including--
          (1) the ability and effectiveness of public 
        transportation agencies to provide public 
        transportation to low-income workers in accessing jobs 
        and being able to use reverse commute services;
          (2) whether services to low-income riders declined 
        after Map-21 was implemented; and
          (3) if guidance provided by the Federal Transit 
        Administration encouraged public transportation 
        agencies to maintain and support services to low-income 
        riders to allow them to access jobs, medical services, 
        and other life necessities.
                              ----------                              

 47. An Amendment To Be Offered by Representative Davis of Illinois or 
                 His Designee, Debatable for 10 Minutes

  Page 466, after line 21, insert the following:
  (a) Automobile Transporter Defined.--Section 31111(a)(1) of 
title 49, United States Code, is amended--
          (1) by striking ``specifically''; and
          (2) by adding at the end the following: ``An 
        automobile transporter shall not be prohibited from the 
        transport of cargo or general freight on a backhaul, so 
        long as it complies with weight limitations for a truck 
        tractor and semitrailer combination.''.
  (b) Truck Tractor Defined.--Section 31111(a)(3)(B) of title 
49, United States Code, is amended--
          (1) by striking ``only''; and
          (2) by inserting before the period at the end the 
        following: ``or any other commodity, including cargo or 
        general freight on a backhaul''.
  (c) Backhaul Defined.--Section 31111(a) of title 49, United 
States Code, is amended by adding at the end the following:
          ``(5) Backhaul.--The term `backhaul' means the return 
        trip of a vehicle transporting cargo or general 
        freight, especially when carrying goods back over all 
        or part of the same route.''.
  Page 466, line 22, insert ``(d) Stinger-Steered Automobile 
Transporters.--'' before ``Section''.
                              ----------                              

48. An Amendment To Be Offered by Representative Moore of Wisconsin or 
                 Her Designee, Debatable for 10 Minutes

  Page 322, strike line 8 and insert the following:
                          ``(vii) support for school-based 
                        driver's education classes to improve 
                        teen knowledge about--
                                  ``(I) safe driving practices; 
                                and
                                  ``(II) State's graduated 
                                driving license requirements, 
                                including behind-the-wheel 
                                training required to meet those 
                                requirements; and''.
                              ----------                              

 49. An Amendment To Be Offered by Representative Crawford of Arkansas 
               or His Designee, Debatable for 10 Minutes

  At the end of subtitle E of title V of Division A of the 
bill, add the following:

SEC. ___. COMMERCIAL DELIVERY OF LIGHT- AND MEDIUM-DUTY TRAILERS.

  (a) Definitions.--Section 31111(a) of title 49, United States 
Code, is amended by adding at the end the following:
          ``(5) Trailer transporter towing unit.--The term 
        `trailer transporter towing unit' means a power unit 
        that is not used to carry property when operating in a 
        towaway trailer transporter combination.
          ``(6) Towaway trailer transporter combination.--The 
        term `towaway trailer transporter combination' means a 
        combination of vehicles consisting of a trailer 
        transporter towing unit and two trailers or 
        semitrailers--
                  ``(A) with a total weight that does not 
                exceed 26,000 pounds; and
                  ``(B) in which the trailers or semitrailers 
                carry no property and constitute inventory 
                property of a manufacturer, distributor or 
                dealer of such trailers or semitrailers.''.
  (b) General Limitations.--Section 31111(b)(1) of such title 
is amended--
          (1) in subparagraph (E) by striking ``or'' at the 
        end;
          (2) in subparagraph (F) by striking the period at the 
        end and inserting ``; or''; and
          (3) by adding at the end the following:
                  ``(G) has the effect of imposing an overall 
                length limitation of less than 82 feet on a 
                towaway trailer transporter combination.''.
  (c) Conforming Amendments.--
          (1) Property-carrying unit limitation.--Section 
        31112(a)(1) of such title is amended by inserting 
        before the period at the end the following: ``, but not 
        including a trailer or a semitrailer transported as 
        part of a towaway trailer transporter combination, as 
        defined in section 31111(a)''.
          (2) Access to interstate system.--Section 31114(a)(2) 
        of such title is amended by inserting ``any towaway 
        trailer transporter combination, as defined in section 
        31111(a),'' after ``passengers,''.
                              ----------                              

 50. An Amendment To Be Offered by Representative Meng of New York or 
                 Her Designee, Debatable for 10 Minutes

  At the end of subtitle E of title V, insert the following new 
section:

SEC. 5515. GAO REVIEW OF SCHOOL BUS SAFETY.

  Not later than 1 year after the date of enactment of this 
Act, the Comptroller General of the United States shall submit 
to the Committee on Commerce, Science, and Transportation of 
the Senate and the Committee on Transportation and 
Infrastructure of the House of Representatives a review of the 
following:
          (1) Existing Federal and State rules and guidance, as 
        of the date of the review, concerning school bus 
        transportation of elementary school and secondary 
        school students engaging in home-to-school transport or 
        other transport determined by the Comptroller General 
        to be a routine part of kindergarten through grade 12 
        education, including regulations and guidance regarding 
        driver training programs, capacity requirements, 
        programs for special needs students, inspection 
        standards, vehicle age requirements, best practices, 
        and public access to inspection results and crash 
        records.
          (2) Any correlation between public or private school 
        bus fleet operators whose vehicles are involved in an 
        accident as defined by section 390.5 of title 49, Code 
        of Federal Regulations, and each of the following:
                  (A) A failure by those same operators of 
                State or local safety inspections.
                  (B) The average age or odometer readings of 
                the school buses in the fleets of such 
                operators.
                  (C) Violations of Federal laws administered 
                by the Department of Transportation, or of 
                State law equivalents of such laws.
                  (D) Violations of State or local law relating 
                to illegal passing of a school bus.
          (3) A regulatory framework comparison of public and 
        private school bus operations.
          (4) Expert recommendations on best practices for safe 
        and reliable school bus transportation, including 
        driver training programs, inspection standards, school 
        bus age and odometer reading maximums for retirement, 
        the percentage of buses in a local bus fleet needed as 
        spare buses, and capacity levels per school bus for 
        different age groups.
                              ----------                              

 51. An Amendment To Be Offered by Representative Meng of New York or 
                 Her Designee, Debatable for 10 Minutes

  Page 524, line 12, after ``challenges'' insert ``, including 
consumer privacy protections''.
                              ----------                              

    52. An Amendment To Be Offered by Representative Napolitano of 
          California or Her Designee, Debatable for 10 Minutes

  Page 541, line 15, add at the end the following: ``In 
developing such regulations, the Secretary shall consult with 
States to determine whether there are safety hazards or 
concerns specific to a State that should be taken into account 
in developing the requirements for a comprehensive oil spill 
response plan.''
                              ----------                              

      53. An Amendment To Be Offered by Representative Moulton of 
        Massachusetts or His Designee, Debatable for 10 Minutes

  Page 571, line 3, redesignate section 7015 as section 7016.
  Page 571, after line 2, insert after section 7014 the 
following new section:

SEC. 7015. STUDY ON THE EFFICACY AND IMPLEMENTATION OF THE EUROPEAN 
                    TRAIN CONTROL SYSTEM.

  (a) In General.--The Comptroller General of the United States 
shall, in consultation with other heads of Federal agencies as 
appropriate, conduct a study on the European Train Control 
System.
  (b) Issues.--In conducting the study described in subsection 
(a), the Comptroller General shall examine, at a minimum, the 
following issues:
          (1) The process by which the European Train Control 
        System came to replace the more than 20 separate 
        national train control systems throughout the European 
        continent.
          (2) The costs associated with implementing the 
        European Train Control System across all affected 
        railroads in Europe.
          (3) The impact of the European Train Control System 
        on operating capacity and rail passenger safety.
          (4) The efficacy of the European Train Control System 
        and the feasibility of implementing such a system 
        throughout the national rail network of the United 
        States.
          (5) A comparison of the costs associated with 
        adopting European Train Control System technology with 
        the costs associated with developing and implementing 
        Positive Train Control in the United States.
  (c) Report.--Not later than 180 days after the date of the 
enactment of this section, the Comptroller General shall submit 
to the Committee on Transportation and Infrastructure of the 
House of Representatives and the Committee on Commerce, 
Science, and Transportation of the Senate a report on the 
results of the study described in subsection (a).
                              ----------                              

54. An Amendment To Be Offered by Representative Neugebauer of Texas or 
                 His Designee, Debatable for 10 Minutes

  At the end of title VII, add the following:

SEC. ___. HAZARDOUS MATERIALS ENDORSEMENT EXEMPTION.

  The Secretary shall allow a State, at the discretion of the 
State, to waive the requirement for a holder of a Class A 
commercial driver's license to obtain a hazardous materials 
endorsement under part 383 of title 49, Code of Federal 
Regulations, if the license holder--
          (1) is acting within the scope of the license 
        holder's employment as an employee of a custom 
        harvester operation, agrichemical business, farm retail 
        outlet and supplier, or livestock feeder; and
          (2) is operating a service vehicle that is--
                  (A) transporting diesel in a quantity of 
                3,785 liters (1,000 gallons) or less; and
                  (B) clearly marked with a ``flammable'' or 
                ``combustible'' placard, as appropriate.
                              ----------                              

 55. An Amendment To Be Offered by Representative Cummings of Maryland 
               or His Designee, Debatable for 10 Minutes

  Page 573, after line 11, add the following:

SEC. __. TRACK SAFETY: VERTICAL TRACK DEFLECTION.

  (a) Report.--Not later than March 31, 2016, the Secretary 
shall transmit a report to the Committee on Transportation and 
Infrastructure of the House of Representatives and the 
Committee on Commerce, Science, and Transportation of the 
Senate detailing research conducted or procured by the Federal 
Railroad Administration on developing a system that measures 
Vertical Track Deflection (in this section referred to as 
``VTD'') from a moving railroad car, including the ability of 
such a system to identify poor track support from fouled 
ballast, deteriorated cross ties, or other conditions.
  (b) Inclusions.--This report shall include--
          (1) the findings and results of testing of VTD 
        instrumentation during field trials on revenue service 
        track;
          (2) the findings and results of subsequent testing of 
        VTD instrumentation on a Federal Railroad 
        Administration Automated Track Inspection Program 
        geometry car;
          (3) if considered appropriate by the Secretary based 
        on the report and related research, a plan for 
        developing quantitative inspection criteria for poor 
        track support using existing VTD instrumentation on 
        Federal Railroad Administration Automated Track 
        Inspection Program geometry cars; and
          (4) if considered appropriate by the Secretary based 
        on the report and related research, a plan for 
        installing VTD instrumentation on all remaining Federal 
        Railroad Administration Automated Track Inspection 
        Program geometry cars within 3 years after the date of 
        enactment of this Act.
                              ----------                              

 56. An Amendment To Be Offered by Representative Walz of Minnesota or 
                 His Designee, Debatable for 10 Minutes

  At the end of title VII, add the following:

SEC. ____. HAZARDOUS MATERIALS BY RAIL LIABILITY STUDY.

  (a) In General.--Not later than 30 days after the date of 
enactment of this Act, the Secretary shall initiate a study on 
the levels and structure of insurance for a railroad carrier 
transporting hazardous materials.
  (b) Contents.--ln conducting the study under subsection (a), 
the Secretary shall evaluate--
          (1) the level and structure of insurance, including 
        self-insurance, available in the private market against 
        the full liability potential for damages arising from 
        an accident or incident involving a train transporting 
        hazardous materials; and
          (2) the level and structure of insurance that would 
        be necessary and appropriate--
                  (A) to efficiently allocate risk and 
                financial responsibility for claims; and
                  (B) to ensure that a railroad carrier 
                transporting hazardous materials can continue 
                to operate despite the risk of an accident or 
                incident.
  (c) Report.--Not later than 1 year after the date the study 
under subsection (a) is initiated, the Secretary shall submit a 
report containing the results of the study and recommendations 
for addressing liability issues with rail transportation of 
hazardous materials to--
          (1) the Committee on Commerce, Science, and 
        Transportation of the Senate; and
          (2) the Committee on Transportation and 
        Infrastructure of the House of Representatives.
  (d) Definitions.--ln this section:
          (1) Hazardous material.--The term ``hazardous 
        material'' means a substance or material the Secretary 
        designates under section 5103(a) of title 49, United 
        States Code.
          (2) Railroad carrier.--The term ``railroad carrier'' 
        has the meaning given the term in section 20102 of 
        title 49, United States Code.
                              ----------                              

  57. An Amendment To Be Offered by Representative Herrera Beutler of 
          Washington or Her Designee, Debatable for 10 Minutes

  Page 289, strike lines 11 through 14 and insert the 
following:
                          ``(i) $352,950,000 for fiscal year 
                        2016;
                          ``(ii) $462,950,000 for fiscal year 
                        2017;
                          ``(iii) $468,288,000 for fiscal year 
                        2018;
                          ``(iv) $473,653,500 for fiscal year 
                        2019;
                          ``(v) $479,231,500 for fiscal year 
                        2020; and
                          ``(vi) $484,816,000 for fiscal year 
                        2021;''.
  Beginning on page 289, strike line 21 and all that follows 
through page 290, line 8, and insert the following:
                          ``(i) $262,950,000 for fiscal year 
                        2016;
                          ``(ii) $262,950,000 for fiscal year 
                        2017;
                          ``(iii) $268,288,000 for fiscal year 
                        2018;
                          ``(iv) $273,653,500 for fiscal year 
                        2019;
                          ``(v) $279,231,500 for fiscal year 
                        2020; and
                          ``(vi) $284,816,000 for fiscal year 
                        2021.''.
  At the end of title III of division A, add the following:

SEC. __. INCREASE SUPPORT FOR GROWING STATES.

  Section 5340 of title 49, United States Code, is amended--
          (1) by striking subsection (b) and inserting the 
        following:
  ``(b) Apportionment.--Of the amounts made available for each 
fiscal year under section 5338(b)(2)(M), the Secretary shall 
apportion 100 percent to States and urbanized areas in 
accordance with subsection (c).''; and
          (2) by striking subsection (d).
                              ----------                              

58. An Amendment To Be Offered by Representative Chabot of Ohio or His 
                   Designee, Debatable for 10 Minutes

  At the end of subtitle D of title I of division A, add the 
following new section:

SECTION 1431. INCREASING CERTAIN PENALTIES RELATING TO COMMERCIAL MOTOR 
                    VEHICLE SAFETY.

  (a) Civil Penalty.--Section 521(b)(2)(A) of title 49, United 
States Code, is amended by striking ``$2,500'' and inserting 
``$5,000''.
  (b) Criminal Penalty.--Section 521(b)(6)(A) of title 49, 
United States Code, is amended by striking ``$2,500'' and 
inserting ``$5,000''.
  (c) Disqualifications.--
          (1) First violation or committing felony.--Section 
        31310(b)(1) of title 49, United States Code, is 
        amended--
                  (A) in subparagraph (D), by striking ``; or'' 
                and inserting a semicolon;
                  (B) in subparagraph (E), by striking the 
                period at the end and inserting ``; or''; and
                  (C) by adding at the end the following new 
                subparagraph:
          ``(F) determined by the Secretary to have operated a 
        commercial motor vehicle that the individual knew or 
        reasonably should have known had a defect that resulted 
        in a fatality.''.
          (2) Second and multiple violations.--Section 
        31310(c)(1) of title 49, United States Code, is 
        amended--
                  (A) in subparagraph (E), by striking ``; or'' 
                and inserting a semicolon;
                  (B) by redesignating subparagraph (F) as 
                subparagraph (G);
                  (C) in subparagraph (G) (as so 
                redesignated)--
                          (i) by striking ``(E)'' and inserting 
                        ``(F)''; and
                          (ii) by inserting ``, operations,'' 
                        after ``violations''; and
                  (D) by inserting after subparagraph (E) the 
                following new subparagraph:
          ``(F) determined by the Secretary to have more than 
        once operated a commercial motor vehicle that the 
        individual knew or reasonably should have known had a 
        defect that resulted in a fatality; or''.
                              ----------                              

                PART B--TEXT OF AMENDMENTS MADE IN ORDER

 1. An Amendment To Be Offered by Representative Perry of Pennsylvania 
               or His Designee, Debatable for 10 Minutes

  Page 1022, strike lines 5 through 7 and insert the following:
  (a) In General.--Section 2(b)(1)(E)(v) of the Export-Import 
Bank Act of 1945 (12 U.S.C. 635(b)(1)(E)(v)) is amended--
          (1) by striking ``20 percent of such authority for 
        each fiscal year'' and inserting ``25 percent of such 
        authority for fiscal year 2016, 30 percent of such 
        authority for fiscal year 2017, 35 percent of such 
        authority for fiscal year 2018, and 40 percent of such 
        authority for each fiscal year thereafter''; and
          (2) by adding at the end the following: ``If the Bank 
        fails to comply with the 2nd preceding sentence with 
        respect to a fiscal year, the Bank may not approve the 
        provision of a guarantee, insurance, or credit, or any 
        combination thereof benefitting a single person, in an 
        amount exceeding $100,000,000 until the beginning of 
        the 2nd succeeding fiscal year.''.
                              ----------                              

   2. An Amendment To Be Offered by Representative Mulvaney of South 
           Carolina or His Designee, Debatable for 10 Minutes

  Page 1032, after line 4, insert the following:

SEC. ____. RESTRICT BANK LENDING TO SERVING AS COUNTERVAILING LENDER.

  (a) Ban on Providing Credit Assistance for Transaction That 
Does Not Meet Foreign Competition.--Section 2(b) of the Export-
Import Bank Act of 1945 (12 U.S.C. 635(b)) is amended by adding 
at the end the following:
  ``(14) Prohibition on Assistance for Transaction That Does 
Not Meet Foreign Competition.--The Bank shall not guarantee, 
insure, or extend (or participate in the extension of) credit 
involving any transaction, with respect to which credit 
assistance from the Bank is first sought after the effective 
date of this paragraph, that does not meet competition from a 
foreign, officially sponsored, export credit agency.''.
  (b) Annual Certification That Each Provision by the Bank of 
Credit Assistance Is Made to Meet Foreign Competition.--Section 
8(h) of such Act (12 U.S.C. 535g(h)) is amended to read as 
follows:
  ``(h) Certification That Each Provision of Credit Assistance 
Is Made to Meet Foreign Competition.--The Bank shall include in 
its annual report to the Congress under subsection (a) a 
certification that--
          ``(1) each provision by the Bank of a loan, 
        guarantee, or insurance, with respect to which credit 
        assistance from the Bank was first sought after the 
        effective date of this subsection, in the period 
        covered by the report was made to meet competition from 
        a foreign, officially sponsored, export credit agency; 
        and
          ``(2) no such provision was made to fill market gaps 
        that the private sector is not willing or able to 
        meet.''.
                              ----------                              

   3. An Amendment To Be Offered by Representative Mulvaney of South 
           Carolina or His Designee, Debatable for 10 Minutes

  Page 1032, after line 4, insert the following:

SEC. 95004. CERTIFICATION THAT BANK ASSISTANCE DOES NOT COMPETE WITH 
                    THE PRIVATE SECTOR.

  Section 2 of the Export-Import Bank Act of 1945 (12 U.S.C. 
635), as amended by section 95001 of this Act, is amended by 
adding at the end the following:
  ``(l) Recipients of Bank Assistance for a Transaction of More 
Than $10,000,000 Required to Certify Inability to Obtain Credit 
Elsewhere.--The Bank shall not guarantee, insure, or extend 
credit, or participate in an extension of credit, in connection 
with a transaction, with respect to which credit assistance 
from the Bank is first sought after the effective date of this 
paragraph, of more than $10,000,000, to a person, unless the 
person has--
          ``(1) certified to the Bank that the person has 
        sought, and has been unable to obtain, private sector 
        financing for the transaction without any Federal 
        Government support; and
          ``(2) provided the Bank with documentation that at 
        least 2 private financial institutions have declined to 
        provide financing for the transaction.''.

SEC. 95005. FALSE CLAIMS ACT PROVISIONS.

  (a) Applicability of False Claims Provisions to Export-Import 
Bank Transactions.--Section 3729(a) of title 31, United States 
Code, is amended--
          (1) by redesignating paragraph (3) as paragraph (4);
          (2) by inserting after paragraph (2) the following:
          ``(3) Additional violations.--Any person who--
                  ``(A) receives a loan or guarantee from the 
                Export Import Bank of the United States for the 
                purposes of supporting a project or venture, 
                without conducting reasonable diligence to 
                determine whether private sector financing 
                would have been available to support the 
                project or venture, whether or not the terms of 
                the private sector financing would have been 
                substantially different from the terms of the 
                financing provided by the Export Import Bank of 
                the United States; or
                  ``(B) receives a loan or guarantee from the 
                Export Import Bank of the United States for the 
                purposes of supporting a project or venture, 
                knowing that private sector financing would 
                have been available to support the project or 
                venture, whether or not the terms of the 
                private sector financing would have been 
                substantially different from financing provided 
                by the Export Import Bank of the United States,
         is liable to the United States Government for the face 
        value or the appraised value of the loan or guarantee, 
        whichever amount is greater.''; and
          (3) in paragraph (2)(A), by striking ``the violation 
        of this subsection'' and inserting ``a violation under 
        paragraph (1)''.
  (b) Effective Date.--The amendments made by subsection (a) 
shall apply to acts described in paragraph (3) of section 
3729(a) of title 31, United States Code, as added by subsection 
(a)(2) of this section, that are committed on or after the date 
of the enactment of this Act.

SEC. 95006. STATUTORY REQUIREMENT FOR EXPORT-IMPORT BANK CONTRACTS.

  Section 2 of the Export-Import Bank Act of 1945 (12 U.S.C. 
635), as amended by sections 95001 and 95004 of this Act, is 
amended by adding at the end the following:
  ``(m) Effects of Finding by Inspector General That Contract 
Recipient Made Inaccurate Representation About Availability of 
Competing Foreign Financing or Private Sector Financing.--
          ``(1) Rescission of contract.--The Bank may not enter 
        into a contract under which the Bank provides a loan or 
        guarantee, unless the contract provides that, if the 
        Inspector General of the Bank determines that a 
        representation made by the recipient of the loan or 
        guarantee about the availability of competing foreign 
        export financing or private sector financing was 
        inaccurate at the time the representation was made--
                  ``(A) the contract shall be considered 
                rescinded; and
                  ``(B) the recipient shall immediately repay 
                to the Bank an amount equal to--
                          ``(i) in the case of a loan, the 
                        amount of the loan; or
                          ``(ii) in the case of a guarantee, an 
                        amount equal to the appraised value of 
                        the guarantee.
          ``(2) Ineligibility for future financial support.--A 
        person whose contract is rescinded under paragraph (1) 
        shall not be eligible for any financial support from 
        the Bank.''.
                              ----------                              

   4. An Amendment To Be Offered by Representative Mulvaney of South 
           Carolina or His Designee, Debatable for 10 Minutes

  Page 1032, after line 4, insert the following:

SEC. ___. PROHIBITION ON SUPPORT TO CERTAIN ENTERPRISES IN COUNTRIES 
                    WITH SOVEREIGN WEALTH FUNDS OVER $100,000,000,000.

  Section 2(b) of the Export-Import Bank Act of 1945 (12 U.S.C. 
635) is amended by adding at the end the following:
  ``(14) Prohibition on Support to Certain Enterprises in 
Countries With Sovereign Wealth Funds Over $100,000,000,000.--
          ``(A) In general.--The Bank shall not guarantee or 
        extend (or participate in an extension of) credit in 
        connection with a transaction, with respect to which 
        credit assistance from the Bank is first sought after 
        the effective date of this paragraph, with a foreign 
        company (or joint venture including a foreign company) 
        that benefits from support from a foreign government if 
        the foreign government has 1 or more sovereign wealth 
        funds with an aggregate value of at least 
        $100,000,000,000.
          ``(B) Sovereign wealth fund defined.--In clause (i), 
        the term `sovereign wealth fund' means, with respect to 
        a government, an investment fund owned by the 
        government, excluding foreign currency reserve assets, 
        any asset held by a central bank for the execution of 
        monetary policy, and any government-managed pension 
        fund.''.
                              ----------                              

   5. An Amendment To Be Offered by Representative Mulvaney of South 
           Carolina or His Designee, Debatable for 10 Minutes

  Page 1032, after line 4, insert the following:

SEC. ___. SATISFACTION OF OBLIGATIONS OF THE EXPORT-IMPORT BANK OF THE 
                    UNITED STATES.

  (a) Elimination of Authority to Issue Obligations to the 
Secretary of the Treasury.--Section 5 of the Export-Import Bank 
Act of 1945 (12 U.S.C. 635d) is repealed.
  (b) Requirement That the Export-Import Bank of the United 
States Cover All Its Losses.--
          (1) In general.--Section 2 of Public Law 90-390 (12 
        U.S.C. 635k) is amended--
                  (A) by striking ``the first $100,000,000 of 
                such losses shall be borne by the Bank; the 
                second $100,000,000 of such losses shall be 
                borne by the Secretary of the Treasury; and any 
                losses in excess thereof'' and inserting ``all 
                losses''; and
                  (B) by striking the 2nd and 3rd sentences.
          (2) Conforming repeal.--Section 3 of Public Law 90-
        390 (12 U.S.C. 635l) is repealed.
                              ----------                              

   6. An Amendment To Be Offered by Representative Mulvaney of South 
           Carolina or His Designee, Debatable for 10 Minutes

  Page 1032, after line 4, insert the following:

SEC. ____. STRENGTHENING PORTFOLIO DIVERSIFICATION AND RISK MANAGEMENT.

  (a) Limitations on Sectoral Credit Exposure of the Bank.--
Section 2 of the Export-Import Bank Act of 1945 (12 U.S.C. 
635), as amended by section 95001 of this Act, is amended by 
adding at the end the following:
  ``(l) Limitations on Sectoral Credit Exposure of the Bank.--
          ``(1) In general.--The Bank shall not guarantee, 
        insure, or extend (participate in the extension of) 
        credit in connection with a transaction in a single 
        industrial sector if the provision of the guarantee, 
        insurance, or credit would result in the total credit 
        exposure of the Bank in the sector being more than 20 
        percent of the total credit exposure of the Bank.
          ``(2) Effect of excessive sectoral credit exposure.--
        If, as of the end of a fiscal year, the credit exposure 
        of the Bank in a single industrial sector exceeds the 
        limit specified in paragraph (1), the Bank may not 
        guarantee, insure, or extend (participate in the 
        extension of) credit in connection with a transaction 
        in the sector until the President of the Bank reports 
        to the Committee on Banking, Housing, and Urban Affairs 
        of the Senate and the Committee on Financial Services 
        of the House of Representatives that, as of the end of 
        the calendar month preceding the month in which the 
        report is made, the credit exposure of the Bank in the 
        sector does not exceed the limit.''.
  (b) Limitations on Bank Assistance Benefitting a Single 
Person.--Section 2 of the Export-Import Bank Act of 1945 (12 
U.S.C. 635), as amended by section 95001 of this Act and 
subsection (a) of this section, is amended by adding at the end 
the following:
  ``(m) Limitations on Bank Assistance Benefitting a Single 
Person.--
          ``(1) In general.--The Bank shall not guarantee, 
        insure, or extend (participate in the extension of) 
        credit in a fiscal year if the provision of the 
        guarantee, insurance, or credit would result in a 
        single person benefitting from more than 10 percent of 
        the total dollar amount of credit assistance provided 
        by the Bank in the fiscal year.
          ``(2) Effect of excessive benefit for a single 
        exporter.--If, in a fiscal year, a person has 
        benefitted from more than 10 percent of the total 
        dollar amount of credit assistance provided by the Bank 
        in the fiscal year, the Bank may not guarantee, insure, 
        or extend (participate in the extension of) credit so 
        as to benefit the person until the beginning of the 2nd 
        succeeding fiscal year.''.
  (c) Effective Date.--The amendments made by this section 
shall take effect on October 1, 2016.
                              ----------                              

7. An Amendment To Be Offered by Representative Rothfus of Pennsylvania 
               or His Designee, Debatable for 10 Minutes

  Page 1032, after line 4, insert the following:

SEC. ___. GUARANTEE FROM UNITED STATES EXPORTER REQUIRED AS A CONDITION 
                    OF PROVIDING GUARANTEE OR EXTENDING CREDIT TO 
                    FOREIGN PERSON.

  Section 2 of the Export-Import Bank Act of 1945 (12 U.S.C. 
635), as amended by section 95001 of this Act, is amended by 
adding at the end the following:
  ``(l) Guarantee From United States Exporter Required as a 
Condition of Providing Guarantee or Extending Credit to Foreign 
Person.--
          ``(1) In general.--The Bank may not provide a 
        guarantee or extend (or participate in the extension of 
        credit) to a foreign person in a fiscal year in 
        connection with the export of goods or services by a 
        United States company, unless--
                  ``(A) the United States company--
                          ``(i) guarantees the repayment by the 
                        foreign person of the applicable 
                        percentage for the fiscal year of the 
                        amount of the guarantee or credit 
                        provided by the Bank; and
                          ``(ii) pledges collateral in an 
                        amount sufficient to cover the 
                        applicable percentage for the fiscal 
                        year of the amount guaranteed by the 
                        United States company; and
                  ``(B) the guarantee by the United States 
                company is senior to any other obligation of 
                the United States company.
          ``(2) Applicable percentage defined.--In paragraph 
        (1), the term `applicable percentage' means--
                  ``(A) in the case of fiscal year 2016, 10 
                percent;
                  ``(B) in the case of fiscal year 2017, 20 
                percent;
                  ``(C) in the case of fiscal year 2018, 30 
                percent;
                  ``(D) in the case of fiscal year 2019, 40 
                percent;
                  ``(E) in the case of fiscal year 2020, 50 
                percent;
                  ``(F) in the case of fiscal year 2021, 60 
                percent;
                  ``(G) in the case of fiscal year 2022, 70 
                percent;
                  ``(H) in the case of fiscal year 2023, 80 
                percent;
                  ``(I) in the case of fiscal year 2024, 90 
                percent; and
                  ``(J) in the case of fiscal year 2025 and 
                each succeeding fiscal year, 100 percent.
          ``(3) Inapplicability to small business exporters.--
        Paragraph (1) shall not apply with respect to the 
        provision of a guarantee or credit in connection with 
        an export by a small business concern (as defined in 
        section 3(a) of the Small Business Act).''.
                              ----------                              

8. An Amendment To Be Offered by Representative Royce of California or 
                 His Designee, Debatable for 10 Minutes

  Page 1032, after line 4, insert the following:

SEC. ___. PROHIBITION ON AID TO STATE-SPONSORS OF TERRORISM.

  Section 2(b)(2) of the Export-Import Bank Act of 1945 (12 
U.S.C. 635(b)(2)) is amended--
          (1) in the paragraph heading, by inserting ``or 
        State-Sponsors of Terrorism'' before the period;
          (2) in subparagraph (A)--
                  (A) by striking ``or'' at the end of clause 
                (i);
                  (B) by redesignating clause (ii) as clause 
                (iii) and inserting after clause (i) the 
                following:
                  ``(ii) in connection with the purchase or 
                lease of any product by a country that is 
                designated as a state-sponsor of terrorism, or 
                any agency or national thereof; or''; and
                  (C) in clause (iii) (as so redesignated), by 
                inserting ``or a state-sponsor of terrorism'' 
                before the period;
          (3) by redesignating subparagraphs (C) and (D) as 
        subparagraphs (D) and (E), respectively, and inserting 
        after subparagraph (B) the following:
          ``(C) State-sponsor of terrorism defined.--In this 
        paragraph, the term `state-sponsor of terrorism' means 
        a country the government of which the Secretary of 
        State has determined, for purposes of section 
        6(j)(1)(A) of the Export Administration Act of 1979 (50 
        U.S.C. App. 2405(j)(1)(A)) (as continued in effect 
        pursuant to the International Emergency Economic Powers 
        Act (50 U.S.C. 1701 et seq.), section 620A(a) of the 
        Foreign Assistance Act of 1961 (22 U.S.C. 2371(a)), 
        section 40(d) of the Arms Export Control Act (22 U.S.C. 
        2780(d)), or any other provision of law, to be a 
        government that has repeatedly provided support for 
        acts of international terrorism.'';
          (4) in subparagraph (D) (as so redesignated)--
                  (A) in the subparagraph heading, by inserting 
                ``or a state-sponsor of terrorism'' after 
                ``Marxist-leninist'';
                  (B) by inserting ``or that any country 
                described in subparagraph (C) has ceased to be 
                a state-sponsor of terrorism'' after 
                ``(B)(i))'';
                  (C) by inserting ``or a state-sponsor of 
                terrorism, as the case may be,'' before ``for 
                purposes''; and
                  (D) by inserting ``or a state-sponsor of 
                terrorism, as the case may be'' before the 
                period at the end; and
          (5) in subparagraph (E) (as so redesignated)--
                  (A) in clause (i)--
                          (i) by striking ``Subparagraph'' and 
                        inserting ``Clauses (i) and (iii) (but 
                        only to the extent applicable with 
                        respect to Marxist-Leninist countries) 
                        of subparagraph''; and
                          (ii) by striking ``(ii)'' and 
                        inserting ``(iii) (but only to the 
                        extent applicable with respect to 
                        Marxist-Leninist countries)''; and
                  (B) in clause (ii), by striking ``(ii)'' and 
                inserting ``(iii) (but only to the extent 
                applicable with respect to Marxist-Leninist 
                countries)''.
                              ----------                              

 9. An Amendment To Be Offered by Representative Schweikert of Arizona 
               or His Designee, Debatable for 10 Minutes

  Page 1032, after line 4, insert the following:

SEC. _____. USE OF FAIR VALUE ACCOUNTING PRINCIPLES.

  The Export-Import Bank Act of 1945 (12 U.S.C. 635 et seq.) is 
amended by adding at the end the following:

``SEC. 16. USE OF FAIR VALUE ACCOUNTING PRINCIPLES.

  ``The Bank shall prepare the financial statements of the Bank 
in accordance with fair value accounting principles.''.
                              ----------                              

 10. An Amendment To Be Offered by Representative Young of Iowa or His 
                   Designee, Debatable for 10 Minutes

  Amend the table of contents by inserting after the item 
pertaining to section 62001 the following:

            TITLE LXIII--REQUIREMENTS REGARDING RULE MAKINGS

Sec. 63001. Requirements regarding rule makings.

  Page 988, insert after line 20 the following:

            TITLE LXIII--REQUIREMENTS REGARDING RULE MAKINGS

SEC. 63001. REQUIREMENTS REGARDING RULE MAKINGS.

  For each publication in the Federal Register required to be 
made by law and pertaining to a rule made to carry out this Act 
or the amendments made by this Act, the agency making the rule 
shall include in such publication a list of information on 
which the rule is based, including data, scientific and 
economic studies, and cost-benefit analyses, and identify how 
the public can access such information online.
                              ----------                              

 11. An Amendment To Be Offered by Representative Pompeo of Kansas or 
                 His Designee, Debatable for 10 Minutes

  Page 12, after the item relating to section 62001, insert the 
following:

Sec. 62002. GAO report on refunds to registered vendors of kerosene used 
          in noncommercial aviation.

  Page 988, after line 20, insert the following:

SEC. 62002. GAO REPORT ON REFUNDS TO REGISTERED VENDORS OF KEROSENE 
                    USED IN NONCOMMERCIAL AVIATION.

  Not later than 180 days after the date of the enactment of 
this Act, the Comptroller General of the United States shall--
          (1) conduct a study regarding payments made to 
        vendors of kerosene used in noncommercial aviation 
        under section 6427(l)(4)(C)(ii) of the Internal Revenue 
        Code of 1986, and
          (2) submit to the appropriate committees of Congress 
        a report describing the results of such study, which 
        shall include estimates of--
                  (A) the number of vendors of kerosene used in 
                noncommercial aviation who are registered under 
                section 4101 of such Code,
                  (B) the number of vendors of kerosene used in 
                noncommercial aviation who are not so 
                registered,
                  (C) the number of vendors described in 
                subparagraph (A) who receive payments under 
                section 6427(l)(4)(C)(ii) of such Code,
                  (D) the excess of--
                          (i) the amount of payments which 
                        would be made under section 
                        6427(l)(4)(C)(ii) of such Code if all 
                        vendors of kerosene used in 
                        noncommercial aviation were registered 
                        and filed claims for such payments, 
                        over
                          (ii) the amount of payments actually 
                        made under such section, and
                  (E) the number of cases of diesel truck 
                operators fraudulently using kerosene taxed for 
                use in aviation.
                              ----------                              

12. An Amendment To Be Offered by Representative Foster of Illinois or 
                 His Designee, Debatable for 10 Minutes

  Page 12, after the item relating to section 62001, insert the 
following:

Sec. 62002. Determination of certain spending and tax burdens by State.

  Page 988, after line 20, insert the following:

SEC. 62002. DETERMINATION OF CERTAIN SPENDING AND TAX BURDENS BY STATE.

  (a) Calculation of Federal Revenue Contributions by State.--
          (1) In general.--The Secretary of Treasury, acting 
        through the Commissioner of the Internal Revenue 
        Service, shall calculate the Federal tax burden of each 
        State for each calendar year.
          (2) Calculation of federal tax burden.--For purposes 
        of calculating the Federal tax burden of each State 
        under paragraph (1), the Secretary shall--
                  (A) treat Federal taxes paid by an individual 
                as a burden on the State in which such 
                individual resides; and
                  (B) treat Federal taxes paid by a legal 
                business entity as a burden on each State in 
                which economic activity of such entity is 
                performed in the same proportion that the 
                economic activity of such entity in such State 
                bears to the economic activity of such entity 
                in all the States.
          (3) Report.--Not later than the date that is 180 days 
        after the beginning of each calendar year, the 
        Secretary of the Treasury shall--
                  (A) submit to Congress a report containing 
                the results of the calculations described in 
                sections 1 and 2 with respect to such calendar 
                year; and
                  (B) publish the report on a publicly 
                accessible website of the Internal Revenue 
                Service.
  (b) Annual Report on the Flow of Transportation Funds by 
State.--
          (1) In general.--Not later than the first Monday in 
        February of each year, the Secretary of Transportation 
        shall, in consultation with the Secretary of the 
        Treasury, submit to the Committee on Banking, Housing, 
        and Urban Affairs and the Committee on Appropriations 
        of the Senate and the Committee on Transportation and 
        Infrastructure, and the Committee on Ways and Means of 
        the House of Representatives a report that includes--
                  (A) a description of the total amount of the 
                funds authorized by this Act which were 
                obligated with respect to each State during the 
                last ending fiscal year,
                  (B) a description of the total amount of 
                revenue contributed from each State to the 
                Highway Trust Fund during such fiscal year.
          (2) Determination of state amounts.--For purposes of 
        this subsection--
                  (A) In general.--the State with respect to 
                which an amount is obligated and the State from 
                which revenue is contributed shall be 
                determined under principles similar to the 
                principles for determining the Federal tax 
                burden of each State under subsection (a).
                  (B) Special rule for general fund 
                transfers.--For purposes of paragraph (1)(B), 
                any transfer from the general fund of the 
                Treasury to the Highway Trust Fund during any 
                fiscal year shall be taken into account as 
                revenue contributed from each State in 
                proportion to each State's Federal tax burden 
                (as determined under subsection (a)) for the 
                calendar year in which such fiscal year began.
                              ----------                              

 13. An Amendment To Be Offered by Representative Williams of Texas or 
                 His Designee, Debatable for 10 Minutes

  Page 563, line 15, insert ``primarily'' before ``engaged''.
                              ----------                              

14. An Amendment To Be Offered by Representative Kinzinger of Illinois 
               or His Designee, Debatable for 10 Minutes

  At the end of subtitle B of title XXXIV of division C, add 
the following:

SEC. 34216. AVAILABILITY OF CERTAIN INFORMATION ON MOTOR VEHICLE 
                    EQUIPMENT.

  Section 30118 of title 49, United States Code, is amended by 
adding at the end the following:
  ``(f) Information on Defective or Noncompliant Parts.--
          ``(1) Provision of information by suppliers.--A 
        supplier of parts that are determined to be defective 
        or noncompliant by the Secretary under subsection (a) 
        or (b) shall identify all parts that are subject to the 
        recall and provide to the Secretary and each affected 
        manufacturer, not later than 3 business days after 
        receiving notification of the determination, for each 
        affected part--
                  ``(A) all part names;
                  ``(B) all part numbers; and
                  ``(C) a description of the part.
          ``(2) Provision of information by manufacturers.--
        Upon receipt of notification of a determination by the 
        Secretary under subsection (a) or (b) or notification 
        from a supplier of parts under paragraph (1), a 
        manufacturer of motor vehicles shall--
                  ``(A) identify the vehicle identification 
                number for each affected vehicle; and
                  ``(B) not later than 5 business days after 
                receiving such notification, provide to the 
                Secretary, in a searchable format determined by 
                the Secretary--
                          ``(i) the vehicle identification 
                        numbers identified under subparagraph 
                        (A); and
                          ``(ii) the specific part names, 
                        numbers, and descriptions used by the 
                        manufacturer for all affected parts the 
                        sale or lease of which is prohibited by 
                        section 30120(j).
          ``(3) Availability of information on the internet.--
        In the case of information provided by a manufacturer 
        under paragraph (2)(B), the Secretary shall make such 
        information available, or require the manufacturer to 
        make such information available, on an Internet website 
        that may be accessed by any person who sells or leases 
        motor vehicle equipment for purposes of assisting such 
        person in complying with section 30120(j). Such 
        information shall be made available in real-time or 
        near-real-time as provided under paragraph (2)(B) and 
        at no cost to the person obtaining access.
  ``(g) Information on Original Equipment.--Not later than July 
31, 2016, a manufacturer of motor vehicles shall make available 
on an Internet website information about the original equipment 
contained in such vehicles, which shall include--
          ``(1) all parts or component numbers for such 
        equipment; and
          ``(2) specific part names and descriptions associated 
        with each manufacturer vehicle identification 
        number.''.
                              ----------                              

15. An Amendment To Be Offered by Representative Schakowsky of Illinois 
               or Her Designee, Debatable for 10 Minutes

  Page 574, insert after line 6 the following new sections:

SEC. 34216. IMPROVED VEHICLE SAFETY DATABASES.

  Not later than 2 years after the date of enactment of this 
Act, the Secretary shall increase public accessibility to and 
timeliness of information on the National Highway Traffic 
Safety Administration's vehicle safety databases including by--
          (1) improving organization and functionality, 
        including modern web design features, and allowing for 
        data to be searched, aggregated, and downloaded;
          (2) providing greater consistency in presentation of 
        vehicle safety issues;
          (3) improving searchability about specific vehicles 
        and issues through standardization of commonly used 
        search terms and the integration of databases to enable 
        all to be simultaneously searched using the same 
        keyword search function; and
          (4) improving the publicly accessible early warning 
        database, by--
                  (A) enabling users to search for incidents 
                across multiple reporting periods for a given 
                make and model name, model year, or type of 
                potential defect; and
                  (B) ensuring that search results, in addition 
                to being downloadable, are sortable within an 
                Internet browser by make, model name, model 
                year, State or foreign country of the incident, 
                number of deaths, number of injuries, date of 
                the incident, and type of potential defect.

SEC. 34217. IMPROVED USED CAR BUYERS GUIDE.

  In addition to the information already required to be 
included pursuant to section 455.2 of title 16, Code of Federal 
Regulations (the Used Motor Vehicle Trade Regulation Rule), the 
Buyers Guide window form shall include--
          (1) a statement of the vehicle's brand history, total 
        loss history, and salvage history according to the 
        vehicle's National Motor Vehicle Title Information 
        System (NMVTIS) vehicle history report, the date on 
        which the dealer obtained the vehicle history report, 
        and the website where a consumer can obtain a vehicle 
        history report; and
          (2) a statement of the vehicle's recall repair 
        history according to the vehicle identification number 
        search tool established pursuant to section 31301 of 
        the Moving Ahead for Progress in the 21st Century Act 
        (49 U.S.C. 30166 note), the date on which the used 
        vehicle dealer obtained the recall repair history, and 
        the website where a consumer may obtain this 
        information.

SEC. 34218. RETENTION OF SAFETY RECORDS BY MANUFACTURERS.

  (a) Rule.--Not later than 18 months after the date of 
enactment of this Act, the Secretary shall issue a final rule 
pursuant to section 30117 of title 49, United States Code, 
requiring each manufacturer of motor vehicles or motor vehicle 
equipment to retain all motor vehicle safety records, including 
documents, reports, correspondence, or other materials that 
contain information concerning malfunctions that may be related 
to motor vehicle safety (including any failure or malfunction 
beyond normal deterioration in use, or any failure of 
performance, or any flaw or unintended deviation from design 
specifications, that could in any reasonably foreseeable manner 
be a causative factor in, or aggravate, an accident or an 
injury to a person), for a period of not less than 20 calendar 
years from the date on which they were generated or acquired by 
the manufacturer. Such requirement shall also apply to all 
underlying records on which information reported to the 
Secretary under part 579 of title 49, Code of Federal 
Regulations, is based.
  (b) Application.--The rule required by subsection (a) shall 
apply with respect to any record described in such subsection 
that is in the possession of a manufacturer on the effective 
date of such rule.

SEC. 34219. ELIMINATION OF REGIONAL RECALLS.

  Section 30118 of title 49, United States Code, is amended by 
adding at the end the following new subsections:
  ``(f) Long-term Exposure to Environmental Conditions.--If a 
manufacturer of a motor vehicle or replacement equipment learns 
the vehicle or equipment contains a safety problem caused by 
long-term exposure to environmental conditions, the 
manufacturer shall give notice under subsection (c) as if the 
manufacturer learned the vehicle or equipment contains a defect 
and decides in good faith that the defect is related to motor 
vehicle safety.
  ``(g) National Orders and Notifications.--All orders under 
subsection (b)(2) and notifications under subsection (c) shall 
be carried out on a national basis and shall not be limited to 
vehicles or equipment in certain States or territories or other 
geographic regions of the United States. This paragraph shall 
not prevent the Secretary from permitting the prioritization of 
the shipment of replacement parts by geographic location when 
appropriate.''.

SEC. 34220. APPLICATION OF REMEDIES FOR DEFECTS AND NONCOMPLIANCE.

  Section 30120(g)(1) of title 49, United States Code, is 
amended by striking ``the motor vehicle or replacement 
equipment was bought by the first purchaser more than 10 
calendar years, or''.

SEC. 34221. PEDESTRIAN SAFETY IMPROVEMENT RULE.

  (a) Safety Research Initiative.--Not later than 2 years after 
the date of enactment of this Act, the Secretary shall complete 
research into the development of safety standards or 
performance requirements to reduce the number of injuries and 
fatalities suffered by pedestrians and other non-occupants who 
are struck by passenger motor vehicles.
  (b) Specifications.--In carrying out subsection (a), the 
Secretary shall consider means for protecting especially 
vulnerable pedestrian and non-occupant populations, including 
children, older adults, and individuals with disabilities.
  (c) Rulemaking or Report.--
          (1) Rulemaking.--Not later than 1 year after the 
        completion of each testing and research initiative 
        required under subsection (a), the Secretary shall 
        initiate a rulemaking proceeding to issue a Federal 
        motor vehicle safety standard if the Secretary 
        determines that such a standard meets the requirements 
        and considerations set forth in subsections (a) and (b) 
        of section 30111 of title 49, United States Code.
          (2) Report.--If the Secretary determines that the 
        standard described in paragraph (1) does not meet the 
        requirements and considerations set forth in 
        subsections (a) and (b) of section 30111 of title 49, 
        United States Code, the Secretary shall submit a report 
        describing the reasons for not prescribing such a 
        standard to the Committee on Energy and Commerce of the 
        House of Representatives and the Committee on Commerce, 
        Science, and Transportation of the Senate.
  (d) Passenger Motor Vehicle Defined.--In this section, the 
term ``passenger motor vehicle''--
          (1) means a motor vehicle (as defined in section 
        30102(a) of title 49, United States Code) that is rated 
        at less than 10,000 pounds gross vehicular weight; and
          (2) does not include--
                  (A) a motorcycle;
                  (B) a trailer; or
                  (C) a low speed vehicle (as defined in 
                section 571.3 of title 49, Code of Federal 
                Regulations).

SEC. 34222. RULEMAKING ON REAR SEAT CRASHWORTHINESS.

  (a) Safety Research Initiative.--Not later than 2 years after 
the date of enactment of this Act, the Secretary shall complete 
research into the development of safety standards or 
performance requirements for the crashworthiness and 
survivability for passengers in the rear seats of motor 
vehicles.
  (b) Specifications.--In carrying out subsection (a), the 
Secretary shall consider side- and rear-impact collision 
testing, additional airbags, head restraints, seatbelt fit, 
seatbelt airbags, belt anchor location, and any other factors 
the Secretary considers appropriate.
  (c) Rulemaking or Report.--
          (1) Rulemaking.--Not later than 1 year after the 
        completion of each research and testing initiative 
        required under subsection (a), the Secretary shall 
        initiate a rulemaking proceeding to issue a Federal 
        motor vehicle safety standard if the Secretary 
        determines that such a standard meets the requirements 
        and considerations set forth in subsections (a) and (b) 
        of section 30111 of title 49, United States Code.
          (2) Report.--If the Secretary determines that the 
        standard described in paragraph (1) does not meet the 
        requirements and considerations set forth in 
        subsections (a) and (b) of section 30111 of title 49, 
        United States Code, the Secretary shall submit a report 
        describing the reasons for not prescribing such a 
        standard to the Committee on Energy and Commerce of the 
        House of Representatives and the Committee on Commerce, 
        Science, and Transportation of the Senate.
                              ----------                              

16. An Amendment To Be Offered by Representative Mullin of Oklahoma or 
                 His Designee, Debatable for 10 Minutes

  At the end of subtitle D of title XXXIV insert the following 
new part:

                   PART IV--ALTERNATIVE FUEL VEHICLES

SEC. 34441. REGULATION PARITY FOR ELECTRIC AND NATURAL GAS VEHICLES.

  (a) In General.--In promulgating regulations, the 
Administrator of the Environmental Protection Administration 
shall ensure that any preference or incentive provided to an 
electric vehicle is also provided to a natural gas vehicle.
  (b) Revision of Existing Regulations.--Not later than 180 
days after the date of enactment of this Act, the Administrator 
shall revise any regulations of the Administrator in existence 
as of that date concerning electric vehicles as necessary to 
ensure that the regulations conform to subsection (a).
                              ----------                              

 17. An Amendment To Be Offered by Representative Burgess of Texas or 
                 His Designee, Debatable for 10 Minutes

  Page 550, strike line 24 and all that follows through page 
551, line 4, and insert the following:
                  (A) $31,270,000 for fiscal year 2016.
                  (B) $36,537,670 for fiscal year 2017.
                  (C) $42,296,336 for fiscal year 2018.
                  (D) $47,999,728 for fiscal year 2019.
                  (E) $54,837,974 for fiscal year 2020.
                  (F) $61,656,407 for fiscal year 2021.
  Insert after subtitle D of title XXXIV the following new 
subtitle:

            Subtitle E--Additional Motor Vehicle Provisions

SEC. 34501. REQUIRED REPORTING OF NHTSA AGENDA.

  Not later than December 1 of the year beginning after the 
date of enactment of this Act, and each year thereafter, the 
Administrator of the National Highway Traffic Safety 
Administration shall publish on the public website of the 
Administration, and file with the Committee on Energy and 
Commerce of the House of Representatives and the Committee on 
Commerce, Science, and Transportation of the Senate an annual 
plan for the following calendar year detailing the 
Administration's projected activities, including--
          (1) the Administrator's policy priorities;
          (2) any rulemakings projected to be commenced;
          (3) any plans to develop guidelines;
          (4) any plans to restructure the Administration or to 
        establish or alter working groups;
          (5) any planned projects or initiatives of the 
        Administration, including the working groups and 
        advisory committees of the Administration; and
          (6) any projected dates or timetables associated with 
        any of the items described in paragraphs (1) through 
        (5).

SEC. 34502. APPLICATION OF REMEDIES FOR DEFECTS AND NONCOMPLIANCE.

  Section 30120(g)(1) of title 49, United States Code, is 
amended by striking ``10 calendar years'' and inserting ``15 
calendar years''.

SEC. 34503. RETENTION OF SAFETY RECORDS BY MANUFACTURERS.

  (a) Rule.--Not later than 18 months after the date of 
enactment of this Act, the Secretary of Transportation shall 
issue a final rule pursuant to section 30117 of title 49, 
United States Code, requiring each manufacturer of motor 
vehicles or motor vehicle equipment to retain all motor vehicle 
safety records required to be maintained by manufacturers under 
section 576.6 of title 49, Code of Federal Regulations, for a 
period of not less than 10 calendar years from the date on 
which they were generated or acquired by the manufacturer.
  (b) Application.--The rule required by subsection (a) shall 
apply with respect to any record described in such subsection 
that is in the possession of a manufacturer on the effective 
date of such rule.

SEC. 34504. NONAPPLICATION OF PROHIBITIONS RELATING TO NONCOMPLYING 
                    MOTOR VEHICLES TO VEHICLES USED FOR TESTING OR 
                    EVALUATION.

  Section 30112(b) of title 49, United States Code, is 
amended--
          (1) in paragraph (8), by striking ``; or'' and 
        inserting a semicolon;
          (2) in paragraph (9), by striking the period at the 
        end and inserting ``; or''; and
          (3) by adding at the end the following new paragraph:
          ``(10) the introduction of a motor vehicle in 
        interstate commerce solely for purposes of testing or 
        evaluation by a manufacturer that prior to the date of 
        enactment of this paragraph--
                  ``(A) has manufactured and distributed motor 
                vehicles into the United States that are 
                certified to comply with all applicable Federal 
                motor vehicle safety standards;
                  ``(B) has submitted to the Secretary 
                appropriate manufacturer identification 
                information under part 566 of title 49, Code of 
                Federal Regulations;
                  ``(C) if applicable, has identified an agent 
                for service of process in accordance with part 
                551 of such title; and
                  ``(D) agrees not to sell or offer for sale 
                the motor vehicle at the conclusion of the 
                testing or evaluation.''.

SEC. 34505. TREATMENT OF LOW-VOLUME MANUFACTURERS.

  (a) Exemption From Vehicle Safety Standards for Low-volume 
Manufacturers.--Section 30114 of title 49, United States Code, 
is amended--
          (1) by striking ``The'' and inserting ``(a) Vehicles 
        Used for Particular Purposes.--The''; and
          (2) by adding at the end the following new 
        subsection:
  ``(b) Exemption for Low-volume Manufacturers.--
          ``(1) In general.--The Secretary shall--
                  ``(A) exempt from section 30112(a) of this 
                title not more than 500 replica motor vehicles 
                per year that are manufactured or imported by a 
                low-volume manufacturer; and
                  ``(B) except as provided in paragraph (4) of 
                this subsection, limit any such exemption to 
                the Federal Motor Vehicle Safety Standards 
                applicable to motor vehicles and not motor 
                vehicle equipment.
          ``(2) Registration requirement.--To qualify for an 
        exemption under paragraph (1), a low-volume 
        manufacturer shall register with the Secretary at such 
        time, in such manner, and under such terms that the 
        Secretary determines appropriate. The Secretary shall 
        establish terms that ensure that no person may register 
        as a low-volume manufacturer if the person is 
        registered as an importer under section 30141 of this 
        title.
          ``(3) Permanent label requirement.--
                  ``(A) In general.--The Secretary shall 
                require a low-volume manufacturer to affix a 
                permanent label to a motor vehicle exempted 
                under paragraph (1) that identifies the 
                specified standards and regulations for which 
                such vehicle is exempt from section 30112(a) 
                and designates the model year such vehicle 
                replicates.
                  ``(B) Written notice.--The Secretary may 
                require a low-volume manufacturer of a motor 
                vehicle exempted under paragraph (1) to deliver 
                written notice of the exemption to--
                          ``(i) the dealer; and
                          ``(ii) the first purchaser of the 
                        motor vehicle, if the first purchaser 
                        is not an individual that purchases the 
                        motor vehicle for resale.
                  ``(C) Reporting requirement.--A low-volume 
                manufacturer shall annually submit a report to 
                the Secretary including the number and 
                description of the motor vehicles exempted 
                under paragraph (1) and a list of the 
                exemptions described on the label affixed under 
                subparagraph (A).
          ``(4) Effect on other provisions.--Any motor vehicle 
        exempted under this subsection shall also be exempted 
        from sections 32304, 32502, and 32902 of this title and 
        from section 3 of the Automobile Information Disclosure 
        Act (15 U.S.C. 1232).
          ``(5) Limitation and public notice.--The Secretary 
        shall have 60 days to review and approve a registration 
        submitted under paragraph (2). Any registration not 
        approved or denied within 60 days after submission 
        shall be deemed approved. The Secretary shall have the 
        authority to revoke an existing registration based on a 
        failure to comply with requirements set forth in this 
        subsection. The registrant shall be provided a 
        reasonable opportunity to correct all deficiencies, if 
        such are correctable based on the sole discretion of 
        the Secretary. An exemption granted by the Secretary to 
        a low-volume manufacturer under this subsection may not 
        be transferred to any other person, and shall expire at 
        the end of the calendar year for which it was granted 
        with respect to any volume authorized by the exemption 
        that was not applied by the low-volume manufacturer to 
        vehicles built during that calendar year. The Secretary 
        shall maintain an up-to-date list of registrants on an 
        annual basis and publish such list in the Federal 
        Register or on a website operated by the Secretary.
          ``(6) Limitation of liability for original 
        manufacturers, licensors or owners of product 
        configuration, trade dress, or design patents.--The 
        original manufacturer, its successor or assignee, or 
        current owner, who grants a license or otherwise 
        transfers rights to a low-volume manufacturer shall 
        incur no liability to any person or entity under 
        Federal or State statute, regulation, local ordinance, 
        or under any Federal or State common law for such 
        license or assignment to a low-volume manufacturer.
          ``(7) Definitions.--In this subsection:
                  ``(A) Low-volume manufacturer.--The term 
                `low-volume manufacturer' means a motor vehicle 
                manufacturer, other than a person who is 
                registered as an importer under section 30141 
                of this title, whose annual worldwide 
                production is not more than 5,000 motor 
                vehicles.
                  ``(B) Replica motor vehicle.--The term 
                `replica motor vehicle' means a motor vehicle 
                produced by a low-volume manufacturer and 
                that--
                          ``(i) is intended to resemble the 
                        body of another motor vehicle that was 
                        manufactured not less than 25 years 
                        before the manufacture of the replica 
                        motor vehicle; and
                          ``(ii) is manufactured under a 
                        license for the product configuration, 
                        trade dress, trademark, or patent, for 
                        the motor vehicle that is intended to 
                        be replicated from the original 
                        manufacturer, its successors or 
                        assignees, or current owner of such 
                        product configuration, trade dress, 
                        trademark, or patent rights.''.
  (b) Vehicle Emission Compliance Standards for Low-volume 
Motor Vehicle Manufacturers.--Part A of title II of the Clean 
Air Act (42 U.S.C. 7521 et seq.) is amended--
          (1) in section 206(a) by adding at the end the 
        following new paragraph:
  ``(5)(A) A motor vehicle engine (including all engine 
emission controls) from a motor vehicle that has been granted a 
certificate of conformity by the Administrator for the model 
year in which the motor vehicle is assembled, or a motor 
vehicle engine that has been granted an Executive order subject 
to regulations promulgated by the California Air Resources 
Board for the model year in which the motor vehicle is 
assembled, may be installed in an exempted specially produced 
motor vehicle, if--
          ``(i) the manufacturer of the engine supplies written 
        instructions explaining how to install the engine and 
        maintain functionality of the engine's emission control 
        system and the on-board diagnostic system (commonly 
        known as `OBD II'), except with respect to evaporative 
        emissions diagnostics;
          ``(ii) the manufacturer of the exempted specially 
        produced motor vehicle installs the engine in 
        accordance with such instructions; and
          ``(iii) the installation instructions include 
        emission control warranty information from the engine 
        manufacturer in compliance with section 207, including 
        where warranty repairs can be made, emission control 
        labels to be affixed to the vehicle, and the 
        certificate of conformity number for the applicable 
        vehicle in which the engine was originally intended or 
        the applicable Executive order number for the engine.
  ``(B) A motor vehicle containing an engine compliant with the 
requirements of subparagraph (A) shall be treated as meeting 
the requirements of section 202 applicable to new vehicles 
manufactured or imported in the model year in which the 
exempted specially produced motor vehicle is assembled.
  ``(C) Engine installations that are not performed in 
accordance with installation instructions provided by the 
manufacturer and alterations to the engine not in accordance 
with the installation instructions shall--
          ``(i) be treated as prohibited acts by the installer 
        under section 203; and
          ``(ii) subject to civil penalties under the first and 
        third sentences of section 205(a), civil actions under 
        section 205(b), and administrative assessment of 
        penalties under section 205(c).
  ``(D) The manufacturer of an exempted specially produced 
motor vehicle that has an engine compliant with the 
requirements of subparagraph (A) shall provide to the purchaser 
of such vehicle all information received by the manufacturer 
from the engine manufacturer, including information regarding 
emissions warranties from the engine manufacturer and all 
emissions-related recalls by the engine manufacturer.
  ``(E) To qualify to install an engine under this paragraph, a 
manufacturer of exempted specially produced motor vehicles 
shall register with the Administrator at such time and in such 
manner as the Administrator determines appropriate. The 
manufacturer shall submit an annual report to the Administrator 
that includes--
          ``(i) a description of the exempted specially 
        produced motor vehicles and engines installed in such 
        vehicles; and
          ``(ii) the certificate of conformity number issued to 
        the motor vehicle in which the engine was originally 
        intended or the applicable Executive order number for 
        the engine.
  ``(F) Exempted specially produced motor vehicles compliant 
with this paragraph shall be exempted from--
          ``(i) motor vehicle certification testing under this 
        section; and
          ``(ii) vehicle emission control inspection and 
        maintenance programs required under section 110.
  ``(G) A person engaged in the manufacturing or assembling of 
exempted specially produced motor vehicles shall not be treated 
as a manufacturer for purposes of this Act by virtue of such 
manufacturing or assembling, so long as such person complies 
with subparagraphs (A) through (E).''; and
          (2) in section 216 by adding at the end the following 
        new paragraph:
          ``(12) Exempted specially produced motor vehicle.--
        The term `exempted specially produced motor vehicle' 
        means a replica motor vehicle that is exempt from 
        specified standards pursuant to section 30114(b) of 
        title 49, United States Code.''.
  (c) Implementation.--Not later than 12 months after the date 
of enactment of this Act, the Secretary of Transportation and 
the Administrator of the Environmental Protection Agency shall 
issue such regulations as may be necessary to implement the 
amendments made by subsections (a) and (b), respectively.

SEC. 34506. NO LIABILITY ON THE BASIS OF NHTSA MOTOR VEHICLE SAFETY 
                    GUIDELINES.

  Section 30111 of title 49, United States Code, is amended by 
adding at the end the following new subsection:
  ``(f) No Liability on the Basis of Motor Vehicle Safety 
Guidelines Issued by the Secretary.--(1) No guidelines issued 
by the Secretary with respect to motor vehicle safety shall 
provide a basis for or evidence of liability in any action 
against a defendant whose practices are alleged to be 
inconsistent with such guidelines. A person who is subject to 
any such guidelines may use an alternative approach to that set 
forth in such guidelines that complies with any requirement in 
a provision of this subtitle, a motor vehicle safety standard 
issued under this subtitle, or another relevant statute or 
regulation.
  ``(2) No such guidelines shall confer any rights on any 
person nor shall operate to bind the Secretary or any person 
who is subject to such guidelines to the approach recommended 
in such guidelines. In any enforcement action with respect to 
motor vehicle safety, the Secretary must prove a violation of a 
provision of this subtitle, a motor vehicle safety standard 
issued under this subtitle, or another relevant statute or 
regulation. The Secretary may not build a case against or 
negotiate a consent order with any person based in whole or in 
part on practices of the person that are alleged to be 
inconsistent with any such guidelines.
  ``(3) A defendant may use compliance with any such guidelines 
as evidence of compliance with the provision of this subtitle, 
motor vehicle safety standard issued under this subtitle, or 
other statute or regulation under which such guidelines were 
developed.''.
                              ----------                              

18. An Amendment To Be Offered by Representative Neugebauer of Texas or 
                 His Designee, Debatable for 10 Minutes

  Strike sections 52203 and 52205.
  Insert after section 52202 the following:

SEC. 52203. ELIMINATION OF SURPLUS FUNDS OF FEDERAL RESERVE BANKS.

  (a) Elimination of Surplus Funds.--Section 7 of the Federal 
Reserve Act (12 U.S.C. 289 et seq.) is amended--
          (1) in subsection (a)--
                  (A) in the heading of such subsection, by 
                striking ``and Surplus Funds''; and
                  (B) in paragraph (2), by striking ``deposited 
                in the surplus fund of the bank'' and inserting 
                ``transferred to the Board of Governors of the 
                Federal Reserve System for transfer to the 
                Secretary of the Treasury for deposit in the 
                general fund of the Treasury''; and
          (2) by striking the first subsection (b) (relating to 
        a transfer for fiscal year 2000).
  (b) Transfer to the Treasury.--The Federal reserve banks 
shall transfer all of the funds of the surplus funds of such 
banks to the Board of Governors of the Federal Reserve System 
for transfer to the Secretary of the Treasury for deposit in 
the general fund of the Treasury.
                              ----------                              

 19. An Amendment To Be Offered by Representative Gosar of Arizona or 
                 His Designee, Debatable for 10 Minutes

  Page 942, strike lines 7 and 8 (and redesignate subsequent 
clauses accordingly).
                              ----------                              

20. An Amendment To Be Offered by Representative Goodlatte of Virginia 
               or His Designee, Debatable for 10 Minutes

  Page 964, line 6, insert after ``the participating agencies'' 
the following: ``and the project sponsor''.
  Page 964, line 7, strike ``and''.
  Page 964, line 11, strike the period and insert the 
following: ``; and''
  Page 964, after line 11, insert the following:
                                  (III) in the case of a 
                                modification that would 
                                necessitate an extension of a 
                                final completion date under a 
                                permitting timetable 
                                established under subparagraph 
                                (A) to a date more than 30 days 
                                after the final completion date 
                                originally established under 
                                subparagraph (A), the 
                                facilitating or lead agency 
                                submits a request to modify the 
                                permitting timetable to the 
                                Executive Director, who shall 
                                consult with the project 
                                sponsor and make a 
                                determination on the record, 
                                based on consideration of the 
                                relevant factors described 
                                under subparagraph (B), whether 
                                to grant the facilitating or 
                                lead agency, as applicable, 
                                authority to make such 
                                modification.
  Page 964, after line 15, insert the following:
                          (iii) Limitation on length of 
                        modifications.--
                                  (I) In general.--Except as 
                                provided in subclause (II), the 
                                total length of all 
                                modifications to a permitting 
                                timetable authorized or made 
                                under this subparagraph, other 
                                than for reasons outside the 
                                control of Federal, State, 
                                local, or tribal governments, 
                                may not extend the permitting 
                                timetable for a period of time 
                                greater than half of the amount 
                                of time from the establishment 
                                of the permitting timetable 
                                under subparagraph (A) to the 
                                last final completion date 
                                originally established under 
                                subparagraph (A).
                                  (II) Additional extensions.--
                                The Director of the Office of 
                                Management and Budget, after 
                                consultation with the project 
                                sponsor, may permit the 
                                Executive Director to authorize 
                                additional extensions of a 
                                permitting timetable beyond the 
                                limit prescribed by subclause 
                                (I). In such a case, the 
                                Director of the Office of 
                                Management and Budget shall 
                                transmit, not later than 5 days 
                                after making a determination to 
                                permit an authorization of 
                                extension under this subclause, 
                                a report to Congress explaining 
                                why such modification is 
                                required. Such report shall 
                                explain to Congress with 
                                specificity why the original 
                                permitting timetable and the 
                                modifications authorized by the 
                                Executive Director failed to be 
                                adequate. The lead or 
                                facilitating agency, as 
                                applicable, shall transmit to 
                                Congress, the Director of the 
                                Office of Management and 
                                Budget, and the Executive 
                                Director a supplemental report 
                                on progress toward the final 
                                completion date each year 
                                thereafter, until the permit 
                                review is completed or the 
                                project sponsor withdraws its 
                                notice or application or other 
                                request to which this title 
                                applies under section 61010.
                          (iv) Limitation on judicial review.--
                        The following shall not be subject to 
                        judicial review:
                                  (I) A determination by the 
                                Executive Director under clause 
                                (i)(III).
                                  (II) A determination under 
                                clause (iii)(II) by the 
                                Director of the Office of 
                                Management and Budget to permit 
                                the Executive Director to 
                                authorize extensions of a 
                                permitting timetable.
                              ----------                              

21. An Amendment To Be Offered by Representative Hensarling of Texas or 
                 His Designee, Debatable for 10 Minutes

  Add at the end the following:

                     DIVISION J--FINANCIAL SERVICES

SEC. 1. TABLE OF CONTENTS.

  The table of contents for this division is as follows:
Sec. 1. Table of contents.

   TITLE I--IMPROVING ACCESS TO CAPITAL FOR EMERGING GROWTH COMPANIES

Sec. 101. Filing requirement for public filing prior to public offering.
Sec. 102. Grace period for change of status of emerging growth 
          companies.
Sec. 103. Simplified disclosure requirements for emerging growth 
          companies.

          TITLE II--DISCLOSURE MODERNIZATION AND SIMPLIFICATION

Sec. 201. Summary page for form 10-K.
Sec. 202. Improvement of regulation S-K.
Sec. 203. Study on modernization and simplification of regulation S-K.

 TITLE III--BULLION AND COLLECTIBLE COIN PRODUCTION EFFICIENCY AND COST 
                                 SAVINGS

Sec. 301. Technical corrections.
Sec. 302. American Eagle Silver Bullion 30th Anniversary.

                     TITLE IV--SBIC ADVISERS RELIEF

Sec. 401. Advisers of SBICs and venture capital funds.
Sec. 402. Advisers of SBICs and private funds.
Sec. 403. Relationship to State law.

               TITLE V--ELIMINATE PRIVACY NOTICE CONFUSION

Sec. 501. Exception to annual privacy notice requirement under the 
          Gramm-Leach-Bliley Act.

    TITLE VI--REFORMING ACCESS FOR INVESTMENTS IN STARTUP ENTERPRISES

Sec. 601. Exempted transactions.

       TITLE VII--PRESERVATION ENHANCEMENT AND SAVINGS OPPORTUNITY

Sec. 701. Distributions and residual receipts.
Sec. 702. Future refinancings.
Sec. 703. Implementation.

              TITLE VIII--TENANT INCOME VERIFICATION RELIEF

Sec. 801. Reviews of family incomes.

                 TITLE IX--HOUSING ASSISTANCE EFFICIENCY

Sec. 901. Authority to administer rental assistance.
Sec. 902. Reallocation of funds.

                    TITLE X--CHILD SUPPORT ASSISTANCE

Sec. 1001. Requests for consumer reports by State or local child support 
          enforcement agencies.

                 TITLE XI--PRIVATE INVESTMENT IN HOUSING

Sec. 1101. Budget-neutral demonstration program for energy and water 
          conservation improvements at multifamily residential units.

  TITLE XII--CAPITAL ACCESS FOR SMALL COMMUNITY FINANCIAL INSTITUTIONS

Sec. 1201. Privately insured credit unions authorized to become members 
          of a Federal home loan bank.
Sec. 1202. GAO Report.

                TITLE XIII--SMALL BANK EXAM CYCLE REFORM

Sec. 1301. Smaller institutions qualifying for 18-month examination 
          cycle.

              TITLE XIV--SMALL COMPANY SIMPLE REGISTRATION

Sec. 1401. Forward incorporation by reference for Form S-1.

      TITLE XV--HOLDING COMPANY REGISTRATION THRESHOLD EQUALIZATION

Sec. 1501. Registration threshold for savings and loan holding 
          companies.

   TITLE I--IMPROVING ACCESS TO CAPITAL FOR EMERGING GROWTH COMPANIES

SEC. 101. FILING REQUIREMENT FOR PUBLIC FILING PRIOR TO PUBLIC 
                    OFFERING.

  Section 6(e)(1) of the Securities Act of 1933 (15 U.S.C. 
77f(e)(1)) is amended by striking ``21 days'' and inserting 
``15 days''.

SEC. 102. GRACE PERIOD FOR CHANGE OF STATUS OF EMERGING GROWTH 
                    COMPANIES.

  Section 6(e)(1) of the Securities Act of 1933 (15 U.S.C. 
77f(e)(1)) is further amended by adding at the end the 
following: ``An issuer that was an emerging growth company at 
the time it submitted a confidential registration statement or, 
in lieu thereof, a publicly filed registration statement for 
review under this subsection but ceases to be an emerging 
growth company thereafter shall continue to be treated as an 
emerging market growth company for the purposes of this 
subsection through the earlier of the date on which the issuer 
consummates its initial public offering pursuant to such 
registrations statement or the end of the 1-year period 
beginning on the date the company ceases to be an emerging 
growth company.''.

SEC. 103. SIMPLIFIED DISCLOSURE REQUIREMENTS FOR EMERGING GROWTH 
                    COMPANIES.

  Section 102 of the Jumpstart Our Business Startups Act 
(Public Law 112-106) is amended by adding at the end the 
following:
  ``(d) Simplified Disclosure Requirements.--With respect to an 
emerging growth company (as such term is defined under section 
2 of the Securities Act of 1933):
          ``(1) Requirement to include notice on forms s-1 and 
        f-1.--Not later than 30 days after the date of 
        enactment of this subsection, the Securities and 
        Exchange Commission shall revise its general 
        instructions on Forms S-1 and F-1 to indicate that a 
        registration statement filed (or submitted for 
        confidential review) by an issuer prior to an initial 
        public offering may omit financial information for 
        historical periods otherwise required by regulation S-X 
        (17 C.F.R. 210.1-01 et seq.) as of the time of filing 
        (or confidential submission) of such registration 
        statement, provided that--
                  ``(A) the omitted financial information 
                relates to a historical period that the issuer 
                reasonably believes will not be required to be 
                included in the Form S-1 or F-1 at the time of 
                the contemplated offering; and
                  ``(B) prior to the issuer distributing a 
                preliminary prospectus to investors, such 
                registration statement is amended to include 
                all financial information required by such 
                regulation S-X at the date of such amendment.
          ``(2) Reliance by issuers.--Effective 30 days after 
        the date of enactment of this subsection, an issuer 
        filing a registration statement (or submitting the 
        statement for confidential review) on Form S-1 or Form 
        F-1 may omit financial information for historical 
        periods otherwise required by regulation S-X (17 C.F.R. 
        210.1-01 et seq.) as of the time of filing (or 
        confidential submission) of such registration 
        statement, provided that--
                  ``(A) the omitted financial information 
                relates to a historical period that the issuer 
                reasonably believes will not be required to be 
                included in the Form S-1 or Form F-1 at the 
                time of the contemplated offering; and
                  ``(B) prior to the issuer distributing a 
                preliminary prospectus to investors, such 
                registration statement is amended to include 
                all financial information required by such 
                regulation S-X at the date of such 
                amendment.''.

         TITLE II--DISCLOSURE MODERNIZATION AND SIMPLIFICATION

SEC. 201. SUMMARY PAGE FOR FORM 10-K.

  Not later than the end of the 180-day period beginning on the 
date of the enactment of this Act, the Securities and Exchange 
Commission shall issue regulations to permit issuers to submit 
a summary page on form 10-K (17 C.F.R. 249.310), but only if 
each item on such summary page includes a cross-reference (by 
electronic link or otherwise) to the material contained in form 
10-K to which such item relates.

SEC. 202. IMPROVEMENT OF REGULATION S-K.

  Not later than the end of the 180-day period beginning on the 
date of the enactment of this Act, the Securities and Exchange 
Commission shall take all such actions to revise regulation S-K 
(17 C.F.R. 229.10 et seq.)--
          (1) to further scale or eliminate requirements of 
        regulation S-K, in order to reduce the burden on 
        emerging growth companies, accelerated filers, smaller 
        reporting companies, and other smaller issuers, while 
        still providing all material information to investors;
          (2) to eliminate provisions of regulation S-K, 
        required for all issuers, that are duplicative, 
        overlapping, outdated, or unnecessary; and
          (3) for which the Commission determines that no 
        further study under section 203 is necessary to 
        determine the efficacy of such revisions to regulation 
        S-K.

SEC. 203. STUDY ON MODERNIZATION AND SIMPLIFICATION OF REGULATION S-K.

  (a) Study.--The Securities and Exchange Commission shall 
carry out a study of the requirements contained in regulation 
S-K (17 C.F.R. 229.10 et seq.). Such study shall--
          (1) determine how best to modernize and simplify such 
        requirements in a manner that reduces the costs and 
        burdens on issuers while still providing all material 
        information;
          (2) emphasize a company by company approach that 
        allows relevant and material information to be 
        disseminated to investors without boilerplate language 
        or static requirements while preserving completeness 
        and comparability of information across registrants; 
        and
          (3) evaluate methods of information delivery and 
        presentation and explore methods for discouraging 
        repetition and the disclosure of immaterial 
        information.
  (b) Consultation.--In conducting the study required under 
subsection (a), the Commission shall consult with the Investor 
Advisory Committee and the Advisory Committee on Small and 
Emerging Companies.
  (c) Report.--Not later than the end of the 360-day period 
beginning on the date of enactment of this Act, the Commission 
shall issue a report to the Congress containing--
          (1) all findings and determinations made in carrying 
        out the study required under subsection (a);
          (2) specific and detailed recommendations on 
        modernizing and simplifying the requirements in 
        regulation S-K in a manner that reduces the costs and 
        burdens on companies while still providing all material 
        information; and
          (3) specific and detailed recommendations on ways to 
        improve the readability and navigability of disclosure 
        documents and to discourage repetition and the 
        disclosure of immaterial information.
  (d) Rulemaking.--Not later than the end of the 360-day period 
beginning on the date that the report is issued to the Congress 
under subsection (c), the Commission shall issue a proposed 
rule to implement the recommendations of the report issued 
under subsection (c).
  (e) Rule of Construction.--Revisions made to regulation S-K 
by the Commission under section 202 shall not be construed as 
satisfying the rulemaking requirements under this section.

TITLE III--BULLION AND COLLECTIBLE COIN PRODUCTION EFFICIENCY AND COST 
                                SAVINGS

SEC. 301. TECHNICAL CORRECTIONS.

  Title 31, United States Code, is amended--
          (1) in section 5112--
                  (A) in subsection (q)--
                          (i) by striking paragraphs (3) and 
                        (8); and
                          (ii) by redesignating paragraphs (4), 
                        (5), (6), and (7) as paragraphs (3), 
                        (4), (5), and (6), respectively;
                  (B) in subsection (t)(6)(B), by striking ``90 
                percent silver and 10 percent copper'' and 
                inserting ``not less than 90 percent silver''; 
                and
                  (C) in subsection (v)--
                          (i) in paragraph (1), by striking 
                        ``Subject to'' and all that follows 
                        through ``the Secretary shall'' and 
                        inserting ``The Secretary shall'';
                          (ii) in paragraph (2)(A), by striking 
                        ``The Secretary'' and inserting ``To 
                        the greatest extent possible, the 
                        Secretary'';
                          (iii) in paragraph (5), by inserting 
                        after ``may issue'' the following: 
                        ``collectible versions of''; and
                          (iv) by striking paragraph (8); and
          (2) in section 5132(a)(2)(B)(i), by striking ``90 
        percent silver and 10 percent copper'' and inserting 
        ``not less than 90 percent silver''.

SEC. 302. AMERICAN EAGLE SILVER BULLION 30TH ANNIVERSARY.

  Proof and uncirculated versions of coins issued by the 
Secretary of the Treasury pursuant to subsection (e) of section 
5112 of title 31, United States Code, during calendar year 2016 
shall have a smooth edge incused with a designation that notes 
the 30th anniversary of the first issue of coins under such 
subsection.

                     TITLE IV--SBIC ADVISERS RELIEF

SEC. 401. ADVISERS OF SBICS AND VENTURE CAPITAL FUNDS.

  Section 203(l) of the Investment Advisers Act of 1940 (15 
U.S.C. 80b-3(l)) is amended--
          (1) by striking ``No investment adviser'' and 
        inserting the following:
          ``(1) In general.--No investment adviser''; and
          (2) by adding at the end the following:
          ``(2) Advisers of sbics.--For purposes of this 
        subsection, a venture capital fund includes an entity 
        described in subparagraph (A), (B), or (C) of 
        subsection (b)(7) (other than an entity that has 
        elected to be regulated or is regulated as a business 
        development company pursuant to section 54 of the 
        Investment Company Act of 1940).''.

SEC. 402. ADVISERS OF SBICS AND PRIVATE FUNDS.

  Section 203(m) of the Investment Advisers Act of 1940 (15 
U.S.C. 80b-3(m)) is amended by adding at the end the following:
          ``(3) Advisers of sbics.--For purposes of this 
        subsection, the assets under management of a private 
        fund that is an entity described in subparagraph (A), 
        (B), or (C) of subsection (b)(7) (other than an entity 
        that has elected to be regulated or is regulated as a 
        business development company pursuant to section 54 of 
        the Investment Company Act of 1940) shall be excluded 
        from the limit set forth in paragraph (1).''.

SEC. 403. RELATIONSHIP TO STATE LAW.

  Section 203A(b)(1) of the Investment Advisers Act of 1940 (15 
U.S.C. 80b-3a(b)(1)) is amended--
          (1) in subparagraph (A), by striking ``or'' at the 
        end;
          (2) in subparagraph (B), by striking the period at 
        the end and inserting ``; or''; and
          (3) by adding at the end the following:
                  ``(C) that is not registered under section 
                203 because that person is exempt from 
                registration as provided in subsection (b)(7) 
                of such section, or is a supervised person of 
                such person.''.

              TITLE V--ELIMINATE PRIVACY NOTICE CONFUSION

SEC. 501. EXCEPTION TO ANNUAL PRIVACY NOTICE REQUIREMENT UNDER THE 
                    GRAMM-LEACH-BLILEY ACT.

  Section 503 of the Gramm-Leach-Bliley Act (15 U.S.C. 6803) is 
amended by adding at the end the following:
  ``(f) Exception to Annual Notice Requirement.--A financial 
institution that--
          ``(1) provides nonpublic personal information only in 
        accordance with the provisions of subsection (b)(2) or 
        (e) of section 502 or regulations prescribed under 
        section 504(b), and
          ``(2) has not changed its policies and practices with 
        regard to disclosing nonpublic personal information 
        from the policies and practices that were disclosed in 
        the most recent disclosure sent to consumers in 
        accordance with this section,
shall not be required to provide an annual disclosure under 
this section until such time as the financial institution fails 
to comply with any criteria described in paragraph (1) or 
(2).''.

   TITLE VI--REFORMING ACCESS FOR INVESTMENTS IN STARTUP ENTERPRISES

SEC. 601. EXEMPTED TRANSACTIONS.

  (a) Exempted Transactions.--Section 4 of the Securities Act 
of 1933 (15 U.S.C. 77d) is amended--
          (1) in subsection (a), by adding at the end the 
        following new paragraph:
          ``(7) transactions meeting the requirements of 
        subsection (d).'';
          (2) by redesignating the second subsection (b) 
        (relating to securities offered and sold in compliance 
        with Rule 506 of Regulation D) as subsection (c); and
          (3) by adding at the end the following:
  ``(d) Certain Accredited Investor Transactions.--The 
transactions referred to in subsection (a)(7) are transactions 
meeting the following requirements:
          ``(1) Accredited investor requirement.--Each 
        purchaser is an accredited investor, as that term is 
        defined in section 230.501(a) of title 17, Code of 
        Federal Regulations (or any successor regulation).
          ``(2) Prohibition on general solicitation or 
        advertising.--Neither the seller, nor any person acting 
        on the seller's behalf, offers or sells securities by 
        any form of general solicitation or general 
        advertising.
          ``(3) Information requirement.--In the case of a 
        transaction involving the securities of an issuer that 
        is neither subject to section 13 or 15(d) of the 
        Securities Exchange Act of 1934 (15 U.S.C. 78m; 
        78o(d)), nor exempt from reporting pursuant to section 
        240.12g3-2(b) of title 17, Code of Federal Regulations, 
        nor a foreign government (as defined in section 230.405 
        of title 17, Code of Federal Regulations) eligible to 
        register securities under Schedule B, the seller and a 
        prospective purchaser designated by the seller obtain 
        from the issuer, upon request of the seller, and the 
        seller in all cases makes available to a prospective 
        purchaser, the following information (which shall be 
        reasonably current in relation to the date of resale 
        under this section):
                  ``(A) The exact name of the issuer and the 
                issuer's predecessor (if any).
                  ``(B) The address of the issuer's principal 
                executive offices.
                  ``(C) The exact title and class of the 
                security.
                  ``(D) The par or stated value of the 
                security.
                  ``(E) The number of shares or total amount of 
                the securities outstanding as of the end of the 
                issuer's most recent fiscal year.
                  ``(F) The name and address of the transfer 
                agent, corporate secretary, or other person 
                responsible for transferring shares and stock 
                certificates.
                  ``(G) A statement of the nature of the 
                business of the issuer and the products and 
                services it offers, which shall be presumed 
                reasonably current if the statement is as of 12 
                months before the transaction date.
                  ``(H) The names of the officers and directors 
                of the issuer.
                  ``(I) The names of any persons registered as 
                a broker, dealer, or agent that shall be paid 
                or given, directly or indirectly, any 
                commission or remuneration for such person's 
                participation in the offer or sale of the 
                securities.
                  ``(J) The issuer's most recent balance sheet 
                and profit and loss statement and similar 
                financial statements, which shall--
                          ``(i) be for such part of the 2 
                        preceding fiscal years as the issuer 
                        has been in operation;
                          ``(ii) be prepared in accordance with 
                        generally accepted accounting 
                        principles or, in the case of a foreign 
                        private issuer, be prepared in 
                        accordance with generally accepted 
                        accounting principles or the 
                        International Financial Reporting 
                        Standards issued by the International 
                        Accounting Standards Board;
                          ``(iii) be presumed reasonably 
                        current if--
                                  ``(I) with respect to the 
                                balance sheet, the balance 
                                sheet is as of a date less than 
                                16 months before the 
                                transaction date; and
                                  ``(II) with respect to the 
                                profit and loss statement, such 
                                statement is for the 12 months 
                                preceding the date of the 
                                issuer's balance sheet; and
                          ``(iv) if the balance sheet is not as 
                        of a date less than 6 months before the 
                        transaction date, be accompanied by 
                        additional statements of profit and 
                        loss for the period from the date of 
                        such balance sheet to a date less than 
                        6 months before the transaction date.
                  ``(K) To the extent that the seller is a 
                control person with respect to the issuer, a 
                brief statement regarding the nature of the 
                affiliation, and a statement certified by such 
                seller that they have no reasonable grounds to 
                believe that the issuer is in violation of the 
                securities laws or regulations.
          ``(4) Issuers disqualified.--The transaction is not 
        for the sale of a security where the seller is an 
        issuer or a subsidiary, either directly or indirectly, 
        of the issuer.
          ``(5) Bad actor prohibition.--Neither the seller, nor 
        any person that has been or will be paid (directly or 
        indirectly) remuneration or a commission for their 
        participation in the offer or sale of the securities, 
        including solicitation of purchasers for the seller is 
        subject to an event that would disqualify an issuer or 
        other covered person under Rule 506(d)(1) of Regulation 
        D (17 C.F.R. 230.506(d)(1)) or is subject to a 
        statutory disqualification described under section 
        3(a)(39) of the Securities Exchange Act of 1934.
          ``(6) Business requirement.--The issuer is engaged in 
        business, is not in the organizational stage or in 
        bankruptcy or receivership, and is not a blank check, 
        blind pool, or shell company that has no specific 
        business plan or purpose or has indicated that the 
        issuer's primary business plan is to engage in a merger 
        or combination of the business with, or an acquisition 
        of, an unidentified person.
          ``(7) Underwriter prohibition.--The transaction is 
        not with respect to a security that constitutes the 
        whole or part of an unsold allotment to, or a 
        subscription or participation by, a broker or dealer as 
        an underwriter of the security or a redistribution.
          ``(8) Outstanding class requirement.--The transaction 
        is with respect to a security of a class that has been 
        authorized and outstanding for at least 90 days prior 
        to the date of the transaction.
  ``(e) Additional Requirements.--
          ``(1) In general.--With respect to an exempted 
        transaction described under subsection (a)(7):
                  ``(A) Securities acquired in such transaction 
                shall be deemed to have been acquired in a 
                transaction not involving any public offering.
                  ``(B) Such transaction shall be deemed not to 
                be a distribution for purposes of section 
                2(a)(11).
                  ``(C) Securities involved in such transaction 
                shall be deemed to be restricted securities 
                within the meaning of Rule 144 (17 C.F.R. 
                230.144).
          ``(2) Rule of construction.--The exemption provided 
        by subsection (a)(7) shall not be the exclusive means 
        for establishing an exemption from the registration 
        requirements of section 5.''.
  (b) Exemption in Connection With Certain Exempt Offerings.--
Section 18(b)(4) of the Securities Act of 1933 (15 U.S.C. 
77r(b)(4)) is amended--
          (1) by redesignating the second subparagraph (D) and 
        subparagraph (E) as subparagraphs (E) and (F), 
        respectively;
          (2) in subparagraph (E), as so redesignated, by 
        striking ``; or'' and inserting a semicolon;
          (3) in subparagraph (F), as so redesignated, by 
        striking the period and inserting ``; or''; and
          (4) by adding at the end the following new 
        subparagraph:
                  ``(G) section 4(a)(7).''.

      TITLE VII--PRESERVATION ENHANCEMENT AND SAVINGS OPPORTUNITY

SEC. 701. DISTRIBUTIONS AND RESIDUAL RECEIPTS.

  Section 222 of the Low-Income Housing Preservation and 
Resident Homeownership Act of 1990 (12 U.S.C. 4112) is amended 
by adding at the end the following new subsection:
  ``(e) Distribution and Residual Receipts.--
          ``(1) Authority.--After the date of the enactment of 
        this subsection, the owner of a property subject to a 
        plan of action or use agreement pursuant to this 
        section shall be entitled to distribute--
                  ``(A) annually, all surplus cash generated by 
                the property, but only if the owner is in 
                material compliance with such use agreement 
                including compliance with prevailing physical 
                condition standards established by the 
                Secretary; and
                  ``(B) notwithstanding any conflicting 
                provision in such use agreement, any funds 
                accumulated in a residual receipts account, but 
                only if the owner is in material compliance 
                with such use agreement and has completed, or 
                set aside sufficient funds for completion of, 
                any capital repairs identified by the most 
                recent third party capital needs assessment.
          ``(2) Operation of property.--An owner that 
        distributes any amounts pursuant to paragraph (1) 
        shall--
                  ``(A) continue to operate the property in 
                accordance with the affordability provisions of 
                the use agreement for the property for the 
                remaining useful life of the property;
                  ``(B) as required by the plan of action for 
                the property, continue to renew or extend any 
                project-based rental assistance contract for a 
                term of not less than 20 years; and
                  ``(C) if the owner has an existing multi-year 
                project-based rental assistance contract for 
                less than 20 years, have the option to extend 
                the contract to a 20-year term.''.

SEC. 702. FUTURE REFINANCINGS.

  Section 214 of the Low-Income Housing Preservation and 
Resident Homeownership Act of 1990 (12 U.S.C. 4104) is amended 
by adding at the end the following new subsection:
  ``(c) Future Financing.--Neither this section, nor any plan 
of action or use agreement implementing this section, shall 
restrict an owner from obtaining a new loan or refinancing an 
existing loan secured by the project, or from distributing the 
proceeds of such a loan; except that, in conjunction with such 
refinancing--
          ``(1) the owner shall provide for adequate 
        rehabilitation pursuant to a capital needs assessment 
        to ensure long-term sustainability of the property 
        satisfactory to the lender or bond issuance agency;
          ``(2) any resulting budget-based rent increase shall 
        include debt service on the new financing, commercially 
        reasonable debt service coverage, and replacement 
        reserves as required by the lender; and
          ``(3) for tenants of dwelling units not covered by a 
        project- or tenant-based rental subsidy, any rent 
        increases resulting from the refinancing transaction 
        may not exceed 10 percent per year, except that--
                  ``(A) any tenant occupying a dwelling unit as 
                of time of the refinancing may not be required 
                to pay for rent and utilities, for the duration 
                of such tenancy, an amount that exceeds the 
                greater of--
                          ``(i) 30 percent of the tenant's 
                        income; or
                          ``(ii) the amount paid by the tenant 
                        for rent and utilities immediately 
                        before such refinancing; and
                  ``(B) this paragraph shall not apply to any 
                tenant who does not provide the owner with 
                proof of income.
Paragraph (3) may not be construed to limit any rent increases 
resulting from increased operating costs for a project.''.

SEC. 703. IMPLEMENTATION.

  The Secretary of Housing and Urban Development shall issue 
any guidance that the Secretary considers necessary to carry 
out the provisions added by the amendments made by this title 
not later than the expiration of the 120-day period beginning 
on the date of the enactment of this Act.

             TITLE VIII--TENANT INCOME VERIFICATION RELIEF

SEC. 801. REVIEWS OF FAMILY INCOMES.

  (a) In General.--The second sentence of paragraph (1) of 
section 3(a) of the United States Housing Act of 1937 (42 
U.S.C. 1437a(a)(1)) is amended by inserting before the period 
at the end the following: ``; except that, in the case of any 
family with a fixed income, as defined by the Secretary, after 
the initial review of the family's income, the public housing 
agency or owner shall not be required to conduct a review of 
the family's income for any year for which such family 
certifies, in accordance with such requirements as the 
Secretary shall establish, which shall include policies to 
adjust for inflation-based income changes, that 90 percent or 
more of the income of the family consists of fixed income, and 
that the sources of such income have not changed since the 
previous year, except that the public housing agency or owner 
shall conduct a review of each such family's income not less 
than once every 3 years''.
  (b) Housing Choice Voucher Program.--Subparagraph (A) of 
section 8(o)(5) of the United States Housing Act of 1937 (42 
U.S.C. 1437f(o)(5)(A)) is amended by striking ``not less than 
annually'' and inserting ``as required by section 3(a)(1) of 
this Act''.

                TITLE IX--HOUSING ASSISTANCE EFFICIENCY

SEC. 901. AUTHORITY TO ADMINISTER RENTAL ASSISTANCE.

  Subsection (g) of section 423 of the McKinney-Vento Homeless 
Assistance Act (42 U.S.C. 11383(g)) is amended by inserting 
``private nonprofit organization,'' after ``unit of general 
local government,''.

SEC. 902. REALLOCATION OF FUNDS.

  Paragraph (1) of section 414(d) of the McKinney-Vento 
Homeless Assistance Act (42 U.S.C. 11373(d)(1)) is amended by 
striking ``twice'' and inserting ``once''.

                   TITLE X--CHILD SUPPORT ASSISTANCE

SEC. 1001. REQUESTS FOR CONSUMER REPORTS BY STATE OR LOCAL CHILD 
                    SUPPORT ENFORCEMENT AGENCIES.

  Paragraph (4) of section 604(a) of the Fair Credit Reporting 
Act (15 U.S.C. 1681b(a)(4)) is amended--
          (1) in subparagraph (A), by striking ``or determining 
        the appropriate level of such payments'' and inserting 
        ``, determining the appropriate level of such payments, 
        or enforcing a child support order, award, agreement, 
        or judgment'';
          (2) in subparagraph (B)--
                  (A) by striking ``paternity'' and inserting 
                ``parentage''; and
                  (B) by adding ``and'' at the end;
          (3) by striking subparagraph (C); and
          (4) by redesignating subparagraph (D) as subparagraph 
        (C).

                TITLE XI--PRIVATE INVESTMENT IN HOUSING

SEC. 1101. BUDGET-NEUTRAL DEMONSTRATION PROGRAM FOR ENERGY AND WATER 
                    CONSERVATION IMPROVEMENTS AT MULTIFAMILY 
                    RESIDENTIAL UNITS.

  (a) Establishment.--The Secretary of Housing and Urban 
Development (in this section referred to as the ``Secretary'') 
shall establish a demonstration program under which the 
Secretary may execute budget-neutral, performance-based 
agreements in fiscal years 2016 through 2019 that result in a 
reduction in energy or water costs with such entities as the 
Secretary determines to be appropriate under which the entities 
shall carry out projects for energy or water conservation 
improvements at not more than 20,000 residential units in 
multifamily buildings participating in--
          (1) the project-based rental assistance program under 
        section 8 of the United States Housing Act of 1937 (42 
        U.S.C. 1437f), other than assistance provided under 
        section 8(o) of that Act;
          (2) the supportive housing for the elderly program 
        under section 202 of the Housing Act of 1959 (12 U.S.C. 
        1701q); or
          (3) the supportive housing for persons with 
        disabilities program under section 811(d)(2) of the 
        Cranston-Gonzalez National Affordable Housing Act (42 
        U.S.C. 8013(d)(2)).
  (b) Requirements.--
          (1) Payments contingent on savings.--
                  (A) In general.--The Secretary shall provide 
                to an entity a payment under an agreement under 
                this section only during applicable years for 
                which an energy or water cost savings is 
                achieved with respect to the applicable 
                multifamily portfolio of properties, as 
                determined by the Secretary, in accordance with 
                subparagraph (B).
                  (B) Payment methodology.--
                          (i) In general.--Each agreement under 
                        this section shall include a pay-for-
                        success provision that--
                                  (I) shall serve as a payment 
                                threshold for the term of the 
                                agreement; and
                                  (II) requires that payments 
                                shall be contingent on realized 
                                cost savings associated with 
                                reduced utility consumption in 
                                the participating properties.
                          (ii) Limitations.--A payment made by 
                        the Secretary under an agreement under 
                        this section--
                                  (I) shall be contingent on 
                                documented utility savings; and
                                  (II) shall not exceed the 
                                utility savings achieved by the 
                                date of the payment, and not 
                                previously paid, as a result of 
                                the improvements made under the 
                                agreement.
                  (C) Third-party verification.--Savings 
                payments made by the Secretary under this 
                section shall be based on a measurement and 
                verification protocol that includes at least--
                          (i) establishment of a weather-
                        normalized and occupancy-normalized 
                        utility consumption baseline 
                        established pre-retrofit;
                          (ii) annual third-party confirmation 
                        of actual utility consumption and cost 
                        for utilities;
                          (iii) annual third-party validation 
                        of the tenant utility allowances in 
                        effect during the applicable year and 
                        vacancy rates for each unit type; and
                          (iv) annual third-party determination 
                        of savings to the Secretary.
                An agreement under this section with an entity 
                shall provide that the entity shall cover costs 
                associated with third-party verification under 
                this subparagraph.
          (2) Terms of performance-based agreements.--A 
        performance-based agreement under this section shall 
        include--
                  (A) the period that the agreement will be in 
                effect and during which payments may be made, 
                which may not be longer than 12 years;
                  (B) the performance measures that will serve 
                as payment thresholds during the term of the 
                agreement;
                  (C) an audit protocol for the properties 
                covered by the agreement;
                  (D) a requirement that payments shall be 
                contingent on realized cost savings associated 
                with reduced utility consumption in the 
                participating properties; and
                  (E) such other requirements and terms as 
                determined to be appropriate by the Secretary.
          (3) Entity eligibility.--The Secretary shall--
                  (A) establish a competitive process for 
                entering into agreements under this section; 
                and
                  (B) enter into such agreements only with 
                entities that, either jointly or individually, 
                demonstrate significant experience relating 
                to--
                          (i) financing or operating properties 
                        receiving assistance under a program 
                        identified in subsection (a);
                          (ii) oversight of energy or water 
                        conservation programs, including 
                        oversight of contractors; and
                          (iii) raising capital for energy or 
                        water conservation improvements from 
                        charitable organizations or private 
                        investors.
          (4) Geographical diversity.--Each agreement entered 
        into under this section shall provide for the inclusion 
        of properties with the greatest feasible regional and 
        State variance.
          (5) Properties.--A property may only be included in 
        the demonstration under this section only if the 
        property is subject to affordability restrictions for 
        at least 15 years after the date of the completion of 
        any conservation improvements made to the property 
        under the demonstration program. Such restrictions may 
        be made through an extended affordability agreement for 
        the property under a new housing assistance payments 
        contract with the Secretary of Housing and Urban 
        Development or through an enforceable covenant with the 
        owner of the property.
  (c) Plan and Reports.--
          (1) Plan.--Not later than 90 days after the date of 
        enactment of this Act, the Secretary shall submit to 
        the Committees on Appropriations and Financial Services 
        of the House of Representatives and the Committees on 
        Appropriations and Banking, Housing, and Urban Affairs 
        of the Senate a detailed plan for the implementation of 
        this section.
          (2) Reports.--Not later than 1 year after the date of 
        enactment of this Act, and annually thereafter, the 
        Secretary shall--
                  (A) conduct an evaluation of the program 
                under this section; and
                  (B) submit to Congress a report describing 
                each evaluation conducted under subparagraph 
                (A).
  (d) Funding.--For each fiscal year during which an agreement 
under this section is in effect, the Secretary may use to carry 
out this section any funds appropriated to the Secretary for 
the renewal of contracts under a program described in 
subsection (a).

  TITLE XII--CAPITAL ACCESS FOR SMALL COMMUNITY FINANCIAL INSTITUTIONS

SEC. 1201. PRIVATELY INSURED CREDIT UNIONS AUTHORIZED TO BECOME MEMBERS 
                    OF A FEDERAL HOME LOAN BANK.

  (a) In General.--Section 4(a) of the Federal Home Loan Bank 
Act (12 U.S.C. 1424(a)) is amended by adding at the end the 
following new paragraph:
          ``(5) Certain privately insured credit unions.--
                  ``(A) In general.--Subject to the 
                requirements of subparagraph (B), a credit 
                union shall be treated as an insured depository 
                institution for purposes of determining the 
                eligibility of such credit union for membership 
                in a Federal home loan bank under paragraphs 
                (1), (2), and (3).
                  ``(B) Certification by appropriate 
                supervisor.--
                          ``(i) In general.--For purposes of 
                        this paragraph and subject to clause 
                        (ii), a credit union which lacks 
                        Federal deposit insurance and which has 
                        applied for membership in a Federal 
                        home loan bank may be treated as 
                        meeting all the eligibility 
                        requirements for Federal deposit 
                        insurance only if the appropriate 
                        supervisor of the State in which the 
                        credit union is chartered has 
                        determined that the credit union meets 
                        all the eligibility requirements for 
                        Federal deposit insurance as of the 
                        date of the application for membership.
                          ``(ii) Certification deemed valid.--
                        If, in the case of any credit union to 
                        which clause (i) applies, the 
                        appropriate supervisor of the State in 
                        which such credit union is chartered 
                        fails to make a determination pursuant 
                        to such clause by the end of the 6-
                        month period beginning on the date of 
                        the application, the credit union shall 
                        be deemed to have met the requirements 
                        of clause (i).
                  ``(C) Security interests of federal home loan 
                bank not avoidable.--Notwithstanding any 
                provision of State law authorizing a 
                conservator or liquidating agent of a credit 
                union to repudiate contracts, no such provision 
                shall apply with respect to--
                          ``(i) any extension of credit from 
                        any Federal home loan bank to any 
                        credit union which is a member of any 
                        such bank pursuant to this paragraph; 
                        or
                          ``(ii) any security interest in the 
                        assets of such credit union securing 
                        any such extension of credit.
                  ``(D) Protection for certain federal home 
                loan bank advances.--Notwithstanding any State 
                law to the contrary, if a Bank makes an advance 
                under section 10 to a State-chartered credit 
                union that is not federally insured--
                          ``(i) the Bank's interest in any 
                        collateral securing such advance has 
                        the same priority and is afforded the 
                        same standing and rights that the 
                        security interest would have had if the 
                        advance had been made to a federally 
                        insured credit union; and
                          ``(ii) the Bank has the same right to 
                        access such collateral that the Bank 
                        would have had if the advance had been 
                        made to a federally insured credit 
                        union.''.
  (b) Copies of Audits of Private Insurers of Certain 
Depository Institutions Required To Be Provided to Supervisory 
Agencies.--Section 43(a)(2)(A) of the Federal Deposit Insurance 
Act (12 U.S.C. 1831t(a)(2)(A)) is amended--
          (1) in clause (i), by striking ``and'' at the end;
          (2) in clause (ii), by striking the period at the end 
        and inserting ``; and''; and
          (3) by inserting at the end the following new clause:
                          ``(iii) in the case of depository 
                        institutions described in subsection 
                        (e)(2)(A) the deposits of which are 
                        insured by the private insurer which 
                        are members of a Federal home loan 
                        bank, to the Federal Housing Finance 
                        Agency, not later than 7 days after the 
                        audit is completed.''.

SEC. 1202. GAO REPORT.

  Not later than 18 months after the date of enactment of this 
Act, the Comptroller General of the United States shall conduct 
a study and submit a report to Congress--
          (1) on the adequacy of insurance reserves held by a 
        private deposit insurer that insures deposits in an 
        entity described in section 43(e)(2)(A) of the Federal 
        Deposit Insurance Act (12 U.S.C. 1831t(e)(2)(A)); and
          (2) for an entity described in paragraph (1) the 
        deposits of which are insured by a private deposit 
        insurer, information on the level of compliance with 
        Federal regulations relating to the disclosure of a 
        lack of Federal deposit insurance.

                TITLE XIII--SMALL BANK EXAM CYCLE REFORM

SEC. 1301. SMALLER INSTITUTIONS QUALIFYING FOR 18-MONTH EXAMINATION 
                    CYCLE.

  Section 10(d) of the Federal Deposit Insurance Act (12 U.S.C. 
1820(d)) is amended--
          (1) in paragraph (4)--
                  (A) in subparagraph (A), by striking 
                ``$500,000,000'' and inserting 
                ``$1,000,000,000''; and
                  (B) in subparagraph (C)(ii), by striking 
                ``$100,000,000'' and inserting 
                ``$200,000,000''; and
          (2) in paragraph (10)--
                  (A) by striking ``$100,000,000'' and 
                inserting ``$200,000,000''; and
                  (B) by striking ``$500,000,000'' and 
                inserting ``$1,000,000,000''.

              TITLE XIV--SMALL COMPANY SIMPLE REGISTRATION

SEC. 1401. FORWARD INCORPORATION BY REFERENCE FOR FORM S-1.

  Not later than 45 days after the date of the enactment of 
this Act, the Securities and Exchange Commission shall revise 
Form S-1 so as to permit a smaller reporting company (as 
defined in section 230.405 of title 17, Code of Federal 
Regulations) to incorporate by reference in a registration 
statement filed on such form any documents that such company 
files with the Commission after the effective date of such 
registration statement.

     TITLE XV--HOLDING COMPANY REGISTRATION THRESHOLD EQUALIZATION

SEC. 1501. REGISTRATION THRESHOLD FOR SAVINGS AND LOAN HOLDING 
                    COMPANIES.

  The Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) 
is amended--
          (1) in section 12(g)--
                  (A) in paragraph (1)(B), by inserting after 
                ``is a bank'' the following: ``, a savings and 
                loan holding company (as defined in section 10 
                of the Home Owners' Loan Act),''; and
                  (B) in paragraph (4), by inserting after 
                ``case of a bank'' the following: ``, a savings 
                and loan holding company (as defined in section 
                10 of the Home Owners' Loan Act),''; and
          (2) in section 15(d), by striking ``case of bank'' 
        and inserting the following: ``case of a bank, a 
        savings and loan holding company (as defined in section 
        10 of the Home Owners' Loan Act),''.
                              ----------                              

 22. An Amendment To Be Offered by Representative Upton of Michigan or 
                 His Designee, Debatable for 10 Minutes

  Page 1032, after line 4, add the following:

                      DIVISION J--ENERGY SECURITY

SEC. 99001. EMERGENCY PREPAREDNESS FOR ENERGY SUPPLY DISRUPTIONS.

  (a) Finding.--Congress finds that recent natural disasters 
have underscored the importance of having resilient oil and 
natural gas infrastructure and effective ways for industry and 
government to communicate to address energy supply disruptions.
  (b) Authorization for Activities To Enhance Emergency 
Preparedness for Natural Disasters.--The Secretary of Energy 
shall develop and adopt procedures to--
          (1) improve communication and coordination between 
        the Department of Energy's energy response team, 
        Federal partners, and industry;
          (2) leverage the Energy Information Administration's 
        subject matter expertise within the Department's energy 
        response team to improve supply chain situation 
        assessments;
          (3) establish company liaisons and direct 
        communication with the Department's energy response 
        team to improve situation assessments;
          (4) streamline and enhance processes for obtaining 
        temporary regulatory relief to speed up emergency 
        response and recovery;
          (5) facilitate and increase engagement among States, 
        the oil and natural gas industry, and the Department in 
        developing State and local energy assurance plans;
          (6) establish routine education and training programs 
        for key government emergency response positions with 
        the Department and States; and
          (7) involve States and the oil and natural gas 
        industry in comprehensive drill and exercise programs.
  (c) Cooperation.--The activities carried out under subsection 
(b) shall include collaborative efforts with State and local 
government officials and the private sector.
  (d) Report.--Not later than 180 days after the date of 
enactment of this Act, the Secretary of Energy shall submit to 
Congress a report describing the effectiveness of the 
activities authorized under this section.

SEC. 99002. RESOLVING ENVIRONMENTAL AND GRID RELIABILITY CONFLICTS.

  (a) Compliance With or Violation of Environmental Laws While 
Under Emergency Order.--Section 202(c) of the Federal Power Act 
(16 U.S.C. 824a(c)) is amended--
          (1) by inserting ``(1)'' after ``(c)''; and
          (2) by adding at the end the following:
  ``(2) With respect to an order issued under this subsection 
that may result in a conflict with a requirement of any 
Federal, State, or local environmental law or regulation, the 
Commission shall ensure that such order requires generation, 
delivery, interchange, or transmission of electric energy only 
during hours necessary to meet the emergency and serve the 
public interest, and, to the maximum extent practicable, is 
consistent with any applicable Federal, State, or local 
environmental law or regulation and minimizes any adverse 
environmental impacts.
  ``(3) To the extent any omission or action taken by a party, 
that is necessary to comply with an order issued under this 
subsection, including any omission or action taken to 
voluntarily comply with such order, results in noncompliance 
with, or causes such party to not comply with, any Federal, 
State, or local environmental law or regulation, such omission 
or action shall not be considered a violation of such 
environmental law or regulation, or subject such party to any 
requirement, civil or criminal liability, or a citizen suit 
under such environmental law or regulation.
  ``(4)(A) An order issued under this subsection that may 
result in a conflict with a requirement of any Federal, State, 
or local environmental law or regulation shall expire not later 
than 90 days after it is issued. The Commission may renew or 
reissue such order pursuant to paragraphs (1) and (2) for 
subsequent periods, not to exceed 90 days for each period, as 
the Commission determines necessary to meet the emergency and 
serve the public interest.
  ``(B) In renewing or reissuing an order under subparagraph 
(A), the Commission shall consult with the primary Federal 
agency with expertise in the environmental interest protected 
by such law or regulation, and shall include in any such 
renewed or reissued order such conditions as such Federal 
agency determines necessary to minimize any adverse 
environmental impacts to the extent practicable. The 
conditions, if any, submitted by such Federal agency shall be 
made available to the public. The Commission may exclude such a 
condition from the renewed or reissued order if it determines 
that such condition would prevent the order from adequately 
addressing the emergency necessitating such order and provides 
in the order, or otherwise makes publicly available, an 
explanation of such determination.
  ``(5) If an order issued under this subsection is 
subsequently stayed, modified, or set aside by a court pursuant 
to section 313 or any other provision of law, any omission or 
action previously taken by a party that was necessary to comply 
with the order while the order was in effect, including any 
omission or action taken to voluntarily comply with the order, 
shall remain subject to paragraph (3).''.
  (b) Temporary Connection or Construction by Municipalities.--
Section 202(d) of the Federal Power Act (16 U.S.C. 824a(d)) is 
amended by inserting ``or municipality'' before ``engaged in 
the transmission or sale of electric energy''.

SEC. 99003. CRITICAL ELECTRIC INFRASTRUCTURE SECURITY.

  (a) Critical Electric Infrastructure Security.--Part II of 
the Federal Power Act (16 U.S.C. 824 et seq.) is amended by 
adding after section 215 the following new section:

``SEC. 215A. CRITICAL ELECTRIC INFRASTRUCTURE SECURITY.

  ``(a) Definitions.--For purposes of this section:
          ``(1) Bulk-power system; electric reliability 
        organization; regional entity.--The terms `bulk-power 
        system', `Electric Reliability Organization', and 
        `regional entity' have the meanings given such terms in 
        paragraphs (1), (2), and (7) of section 215(a), 
        respectively.
          ``(2) Critical electric infrastructure.--The term 
        `critical electric infrastructure' means a system or 
        asset of the bulk-power system, whether physical or 
        virtual, the incapacity or destruction of which would 
        negatively affect national security, economic security, 
        public health or safety, or any combination of such 
        matters.
          ``(3) Critical electric infrastructure information.--
        The term `critical electric infrastructure information' 
        means information related to critical electric 
        infrastructure, or proposed critical electrical 
        infrastructure, generated by or provided to the 
        Commission or other Federal agency, other than 
        classified national security information, that is 
        designated as critical electric infrastructure 
        information by the Commission under subsection (d)(2). 
        Such term includes information that qualifies as 
        critical energy infrastructure information under the 
        Commission's regulations.
          ``(4) Defense critical electric infrastructure.--The 
        term `defense critical electric infrastructure' means 
        any electric infrastructure located in the United 
        States (including the territories) that serves a 
        facility designated by the Secretary pursuant to 
        subsection (c), but is not owned or operated by the 
        owner or operator of such facility.
          ``(5) Electromagnetic pulse.--The term 
        `electromagnetic pulse' means 1 or more pulses of 
        electromagnetic energy emitted by a device capable of 
        disabling or disrupting operation of, or destroying, 
        electronic devices or communications networks, 
        including hardware, software, and data, by means of 
        such a pulse.
          ``(6) Geomagnetic storm.--The term `geomagnetic 
        storm' means a temporary disturbance of the Earth's 
        magnetic field resulting from solar activity.
          ``(7) Grid security emergency.--The term `grid 
        security emergency' means the occurrence or imminent 
        danger of--
                  ``(A)(i) a malicious act using electronic 
                communication or an electromagnetic pulse, or a 
                geomagnetic storm event, that could disrupt the 
                operation of those electronic devices or 
                communications networks, including hardware, 
                software, and data, that are essential to the 
                reliability of critical electric infrastructure 
                or of defense critical electric infrastructure; 
                and
                  ``(ii) disruption of the operation of such 
                devices or networks, with significant adverse 
                effects on the reliability of critical electric 
                infrastructure or of defense critical electric 
                infrastructure, as a result of such act or 
                event; or
                  ``(B)(i) a direct physical attack on critical 
                electric infrastructure or on defense critical 
                electric infrastructure; and
                  ``(ii) significant adverse effects on the 
                reliability of critical electric infrastructure 
                or of defense critical electric infrastructure 
                as a result of such physical attack.
          ``(8) Secretary.--The term `Secretary' means the 
        Secretary of Energy.
  ``(b) Authority To Address Grid Security Emergency.--
          ``(1) Authority.--Whenever the President issues and 
        provides to the Secretary a written directive or 
        determination identifying a grid security emergency, 
        the Secretary may, with or without notice, hearing, or 
        report, issue such orders for emergency measures as are 
        necessary in the judgment of the Secretary to protect 
        or restore the reliability of critical electric 
        infrastructure or of defense critical electric 
        infrastructure during such emergency. As soon as 
        practicable but not later than 180 days after the date 
        of enactment of this section, the Secretary shall, 
        after notice and opportunity for comment, establish 
        rules of procedure that ensure that such authority can 
        be exercised expeditiously.
          ``(2) Notification of congress.--Whenever the 
        President issues and provides to the Secretary a 
        written directive or determination under paragraph (1), 
        the President shall promptly notify congressional 
        committees of relevant jurisdiction, including the 
        Committee on Energy and Commerce of the House of 
        Representatives and the Committee on Energy and Natural 
        Resources of the Senate, of the contents of, and 
        justification for, such directive or determination.
          ``(3) Consultation.--Before issuing an order for 
        emergency measures under paragraph (1), the Secretary 
        shall, to the extent practicable in light of the nature 
        of the grid security emergency and the urgency of the 
        need for action, consult with appropriate governmental 
        authorities in Canada and Mexico, entities described in 
        paragraph (4), the Electricity Sub-sector Coordinating 
        Council, the Commission, and other appropriate Federal 
        agencies regarding implementation of such emergency 
        measures.
          ``(4) Application.--An order for emergency measures 
        under this subsection may apply to--
                  ``(A) the Electric Reliability Organization;
                  ``(B) a regional entity; or
                  ``(C) any owner, user, or operator of 
                critical electric infrastructure or of defense 
                critical electric infrastructure within the 
                United States.
          ``(5) Expiration and reissuance.--
                  ``(A) In general.--Except as provided in 
                subparagraph (B), an order for emergency 
                measures issued under paragraph (1) shall 
                expire no later than 15 days after its 
                issuance.
                  ``(B) Extensions.--The Secretary may reissue 
                an order for emergency measures issued under 
                paragraph (1) for subsequent periods, not to 
                exceed 15 days for each such period, provided 
                that the President, for each such period, 
                issues and provides to the Secretary a written 
                directive or determination that the grid 
                security emergency identified under paragraph 
                (1) continues to exist or that the emergency 
                measure continues to be required.
          ``(6) Cost recovery.--
                  ``(A) Critical electric infrastructure.--If 
                the Commission determines that owners, 
                operators, or users of critical electric 
                infrastructure have incurred substantial costs 
                to comply with an order for emergency measures 
                issued under this subsection and that such 
                costs were prudently incurred and cannot 
                reasonably be recovered through regulated rates 
                or market prices for the electric energy or 
                services sold by such owners, operators, or 
                users, the Commission shall, consistent with 
                the requirements of section 205, after notice 
                and an opportunity for comment, establish a 
                mechanism that permits such owners, operators, 
                or users to recover such costs.
                  ``(B) Defense critical electric 
                infrastructure.--To the extent the owner or 
                operator of defense critical electric 
                infrastructure is required to take emergency 
                measures pursuant to an order issued under this 
                subsection, the owners or operators of a 
                critical defense facility or facilities 
                designated by the Secretary pursuant to 
                subsection (c) that rely upon such 
                infrastructure shall bear the full incremental 
                costs of the measures.
          ``(7) Temporary access to classified information.--
        The Secretary, and other appropriate Federal agencies, 
        shall, to the extent practicable and consistent with 
        their obligations to protect classified information, 
        provide temporary access to classified information 
        related to a grid security emergency for which 
        emergency measures are issued under paragraph (1) to 
        key personnel of any entity subject to such emergency 
        measures to enable optimum communication between the 
        entity and the Secretary and other appropriate Federal 
        agencies regarding the grid security emergency.
  ``(c) Designation of Critical Defense Facilities.--Not later 
than 180 days after the date of enactment of this section, the 
Secretary, in consultation with other appropriate Federal 
agencies and appropriate owners, users, or operators of 
infrastructure that may be defense critical electric 
infrastructure, shall identify and designate facilities located 
in the United States (including the territories) that are--
          ``(1) critical to the defense of the United States; 
        and
          ``(2) vulnerable to a disruption of the supply of 
        electric energy provided to such facility by an 
        external provider.
The Secretary may, in consultation with appropriate Federal 
agencies and appropriate owners, users, or operators of defense 
critical electric infrastructure, periodically revise the list 
of designated facilities as necessary.
  ``(d) Protection and Sharing of Critical Electric 
Infrastructure Information.--
          ``(1) Protection of critical electric infrastructure 
        information.--Critical electric infrastructure 
        information--
                  ``(A) shall be exempt from disclosure under 
                section 552(b)(3) of title 5, United States 
                Code; and
                  ``(B) shall not be made available by any 
                Federal, State, political subdivision or tribal 
                authority pursuant to any Federal, State, 
                political subdivision or tribal law requiring 
                public disclosure of information or records.
          ``(2) Designation and sharing of critical electric 
        infrastructure information.--Not later than one year 
        after the date of enactment of this section, the 
        Commission, in consultation with the Secretary of 
        Energy, shall promulgate such regulations and issue 
        such orders as necessary to--
                  ``(A) designate information as critical 
                electric infrastructure information;
                  ``(B) prohibit the unauthorized disclosure of 
                critical electric infrastructure information;
                  ``(C) ensure there are appropriate sanctions 
                in place for Commissioners, officers, 
                employees, or agents of the Commission who 
                knowingly and willfully disclose critical 
                electric infrastructure information in a manner 
                that is not authorized under this section; and
                  ``(D) taking into account standards of the 
                Electric Reliability Organization, facilitate 
                voluntary sharing of critical electric 
                infrastructure information with, between, and 
                by--
                          ``(i) Federal, State, political 
                        subdivision, and tribal authorities;
                          ``(ii) the Electric Reliability 
                        Organization;
                          ``(iii) regional entities;
                          ``(iv) information sharing and 
                        analysis centers established pursuant 
                        to Presidential Decision Directive 63;
                          ``(v) owners, operators, and users of 
                        critical electric infrastructure in the 
                        United States; and
                          ``(vi) other entities determined 
                        appropriate by the Commission.
          ``(3) Considerations.--In promulgating regulations 
        and issuing orders under paragraph (2), the Commission 
        shall take into consideration the role of State 
        commissions in reviewing the prudence and cost of 
        investments, determining the rates and terms of 
        conditions for electric services, and ensuring the 
        safety and reliability of the bulk-power system and 
        distribution facilities within their respective 
        jurisdictions.
          ``(4) Protocols.--The Commission shall, in 
        consultation with Canadian and Mexican authorities, 
        develop protocols for the voluntary sharing of critical 
        electric infrastructure information with Canadian and 
        Mexican authorities and owners, operators, and users of 
        the bulk-power system outside the United States.
          ``(5) No required sharing of information.--Nothing in 
        this section shall require a person or entity in 
        possession of critical electric infrastructure 
        information to share such information with Federal, 
        State, political subdivision, or tribal authorities, or 
        any other person or entity.
          ``(6) Submission of information to congress.--Nothing 
        in this section shall permit or authorize the 
        withholding of information from Congress, any committee 
        or subcommittee thereof, or the Comptroller General.
          ``(7) Disclosure of nonprotected information.--In 
        implementing this section, the Commission shall 
        segregate critical electric infrastructure information 
        or information that reasonably could be expected to 
        lead to the disclosure of the critical electric 
        infrastructure information within documents and 
        electronic communications, wherever feasible, to 
        facilitate disclosure of information that is not 
        designated as critical electric infrastructure 
        information.
          ``(8) Duration of designation.--Information may not 
        be designated as critical electric infrastructure 
        information for longer than 5 years, unless 
        specifically re-designated by the Commission.
          ``(9) Removal of designation.--The Commission shall 
        remove the designation of critical electric 
        infrastructure information, in whole or in part, from a 
        document or electronic communication if the Commission 
        determines that the unauthorized disclosure of such 
        information could no longer be used to impair the 
        security or reliability of the bulk-power system or 
        distribution facilities.
          ``(10) Judicial review of designations.--
        Notwithstanding section 313(b), any determination by 
        the Commission concerning the designation of critical 
        electric infrastructure information under this 
        subsection shall be subject to review under chapter 7 
        of title 5, United States Code, except that such review 
        shall be brought in the district court of the United 
        States in the district in which the complainant 
        resides, or has his principal place of business, or in 
        the District of Columbia. In such a case the court 
        shall examine in camera the contents of documents or 
        electronic communications that are the subject of the 
        determination under review to determine whether such 
        documents or any part thereof were improperly 
        designated or not designated as critical electric 
        infrastructure information.
  ``(e) Security Clearances.--The Secretary shall facilitate 
and, to the extent practicable, expedite the acquisition of 
adequate security clearances by key personnel of any entity 
subject to the requirements of this section, to enable optimum 
communication with Federal agencies regarding threats to the 
security of the critical electric infrastructure. The 
Secretary, the Commission, and other appropriate Federal 
agencies shall, to the extent practicable and consistent with 
their obligations to protect classified and critical electric 
infrastructure information, share timely actionable information 
regarding grid security with appropriate key personnel of 
owners, operators, and users of the critical electric 
infrastructure.
  ``(f) Clarifications of Liability.--
          ``(1) Compliance with or violation of this act.--
        Except as provided in paragraph (4), to the extent any 
        action or omission taken by an entity that is necessary 
        to comply with an order for emergency measures issued 
        under subsection (b)(1), including any action or 
        omission taken to voluntarily comply with such order, 
        results in noncompliance with, or causes such entity 
        not to comply with any rule, order, regulation, or 
        provision of this Act, including any reliability 
        standard approved by the Commission pursuant to section 
        215, such action or omission shall not be considered a 
        violation of such rule, order, regulation, or 
        provision.
          ``(2)  Relation to section 202(c).--Except as 
        provided in paragraph (4), an action or omission taken 
        by an owner, operator, or user of critical electric 
        infrastructure or of defense critical electric 
        infrastructure to comply with an order for emergency 
        measures issued under subsection (b)(1) shall be 
        treated as an action or omission taken to comply with 
        an order issued under section 202(c) for purposes of 
        such section.
          ``(3) Sharing or receipt of information.--No cause of 
        action shall lie or be maintained in any Federal or 
        State court for the sharing or receipt of information 
        under, and that is conducted in accordance with, 
        subsection (d).
          ``(4) Rule of construction.--Nothing in this 
        subsection shall be construed to require dismissal of a 
        cause of action against an entity that, in the course 
        of complying with an order for emergency measures 
        issued under subsection (b)(1) by taking an action or 
        omission for which they would be liable but for 
        paragraph (1) or (2), takes such action or omission in 
        a grossly negligent manner.''.
  (b) Conforming Amendments.--
          (1) Jurisdiction.--Section 201(b)(2) of the Federal 
        Power Act (16 U.S.C. 824(b)(2)) is amended by inserting 
        ``215A,'' after ``215,'' each place it appears.
          (2) Public utility.--Section 201(e) of the Federal 
        Power Act (16 U.S.C. 824(e)) is amended by inserting 
        ``215A,'' after ``215,''.

SEC. 99004. STRATEGIC TRANSFORMER RESERVE.

  (a) Finding.--Congress finds that the storage of 
strategically located spare large power transformers and 
emergency mobile substations will reduce the vulnerability of 
the United States to multiple risks facing electric grid 
reliability, including physical attack, cyber attack, 
electromagnetic pulse, geomagnetic disturbances, severe 
weather, and seismic events.
  (b) Definitions.--In this section:
          (1) Bulk-power system.--The term ``bulk-power 
        system'' has the meaning given such term in section 
        215(a) of the Federal Power Act (16 U.S.C. 824o(a)).
          (2) Critically damaged large power transformer.--The 
        term ``critically damaged large power transformer'' 
        means a large power transformer that--
                  (A) has sustained extensive damage such 
                that--
                          (i) repair or refurbishment is not 
                        economically viable; or
                          (ii) the extensive time to repair or 
                        refurbish the large power transformer 
                        would create an extended period of 
                        instability in the bulk-power system; 
                        and
                  (B) prior to sustaining such damage, was part 
                of the bulk-power system.
          (3) Critical electric infrastructure.--The term 
        ``critical electric infrastructure'' has the meaning 
        given that term in section 215A of the Federal Power 
        Act.
          (4) Electric reliability organization.--The term 
        ``Electric Reliability Organization'' has the meaning 
        given such term in section 215(a) of the Federal Power 
        Act (16 U.S.C. 824o(a)).
          (5) Emergency mobile substation.--The term 
        ``emergency mobile substation'' means a mobile 
        substation or mobile transformer that is--
                  (A) assembled and permanently mounted on a 
                trailer that is capable of highway travel and 
                meets relevant Department of Transportation 
                regulations; and
                  (B) intended for express deployment and 
                capable of being rapidly placed into service.
          (6) Large power transformer.--The term ``large power 
        transformer'' means a power transformer with a maximum 
        nameplate rating of 100 megavolt-amperes or higher, 
        including related critical equipment, that is, or is 
        intended to be, a part of the bulk-power system.
          (7) Secretary.--The term ``Secretary'' means the 
        Secretary of Energy.
          (8) Spare large power transformer.--The term ``spare 
        large power transformer'' means a large power 
        transformer that is stored within the Strategic 
        Transformer Reserve to be available to temporarily 
        replace a critically damaged large power transformer.
  (c) Strategic Transformer Reserve Plan.--
          (1) Plan.--Not later than one year after the date of 
        enactment of this Act, the Secretary, acting through 
        the Office of Electricity Delivery and Energy 
        Reliability, shall, in consultation with the Federal 
        Energy Regulatory Commission, the Electricity Sub-
        sector Coordinating Council, the Electric Reliability 
        Organization, and owners and operators of critical 
        electric infrastructure and defense and military 
        installations, prepare and submit to Congress a plan to 
        establish a Strategic Transformer Reserve for the 
        storage, in strategically located facilities, of spare 
        large power transformers and emergency mobile 
        substations in sufficient numbers to temporarily 
        replace critically damaged large power transformers and 
        substations that are critical electric infrastructure 
        or serve defense and military installations.
          (2) Inclusions.--The Strategic Transformer Reserve 
        plan shall include a description of--
                  (A) the appropriate number and type of spare 
                large power transformers necessary to provide 
                or restore sufficient resiliency to the bulk-
                power system, critical electric infrastructure, 
                and defense and military installations to 
                mitigate significant impacts to the electric 
                grid resulting from--
                          (i) physical attack;
                          (ii) cyber attack;
                          (iii) electromagnetic pulse attack;
                          (iv) geomagnetic disturbances;
                          (v) severe weather; or
                          (vi) seismic events;
                  (B) other critical electric grid equipment 
                for which an inventory of spare equipment, 
                including emergency mobile substations, is 
                necessary to provide or restore sufficient 
                resiliency to the bulk-power system, critical 
                electric infrastructure, and defense and 
                military installations;
                  (C) the degree to which utility sector 
                actions or initiatives, including individual 
                utility ownership of spare equipment, joint 
                ownership of spare equipment inventory, sharing 
                agreements, or other spare equipment reserves 
                or arrangements, satisfy the needs identified 
                under subparagraphs (A) and (B);
                  (D) the potential locations for, and 
                feasibility and appropriate number of, 
                strategic storage locations for reserve 
                equipment, including consideration of--
                          (i) the physical security of such 
                        locations;
                          (ii) the protection of the 
                        confidentiality of such locations; and
                          (iii) the proximity of such locations 
                        to sites of potentially critically 
                        damaged large power transformers and 
                        substations that are critical electric 
                        infrastructure or serve defense and 
                        military installations, so as to enable 
                        efficient delivery of equipment to such 
                        sites;
                  (E) the necessary degree of flexibility of 
                spare large power transformers to be included 
                in the Strategic Transformer Reserve to conform 
                to different substation configurations, 
                including consideration of transformer--
                          (i) power and voltage rating for each 
                        winding;
                          (ii) overload requirements;
                          (iii) impedance between windings;
                          (iv) configuration of windings; and
                          (v) tap requirements;
                  (F) an estimate of the direct cost of the 
                Strategic Transformer Reserve, as proposed, 
                including--
                          (i) the cost of storage facilities;
                          (ii) the cost of the equipment; and
                          (iii) management, maintenance, and 
                        operation costs;
                  (G) the funding options available to 
                establish, stock, manage, and maintain the 
                Strategic Transformer Reserve, including 
                consideration of fees on owners and operators 
                of bulk-power system facilities, critical 
                electric infrastructure, and defense and 
                military installations relying on the Strategic 
                Transformer Reserve, use of Federal 
                appropriations, and public-private cost-sharing 
                options;
                  (H) the ease and speed of transportation, 
                installation, and energization of spare large 
                power transformers to be included in the 
                Strategic Transformer Reserve, including 
                consideration of factors such as--
                          (i) transformer transportation 
                        weight;
                          (ii) transformer size;
                          (iii) topology of critical 
                        substations;
                          (iv) availability of appropriate 
                        transformer mounting pads;
                          (v) flexibility of the spare large 
                        power transformers as described in 
                        subparagraph (E); and
                          (vi) ability to rapidly transition a 
                        spare large power transformer from 
                        storage to energization;
                  (I) eligibility criteria for withdrawal of 
                equipment from the Strategic Transformer 
                Reserve;
                  (J) the process by which owners or operators 
                of critically damaged large power transformers 
                or substations that are critical electric 
                infrastructure or serve defense and military 
                installations may apply for a withdrawal from 
                the Strategic Transformer Reserve;
                  (K) the process by which equipment withdrawn 
                from the Strategic Transformer Reserve is 
                returned to the Strategic Transformer Reserve 
                or is replaced;
                  (L) possible fees to be paid by users of 
                equipment withdrawn from the Strategic 
                Transformer Reserve;
                  (M) possible fees to be paid by owners and 
                operators of large power transformers and 
                substations that are critical electric 
                infrastructure or serve defense and military 
                installations to cover operating costs of the 
                Strategic Transformer Reserve;
                  (N) the domestic and international large 
                power transformer supply chain;
                  (O) the potential reliability, cost, and 
                operational benefits of including emergency 
                mobile substations in any Strategic Transformer 
                Reserve established under this section; and
                  (P) other considerations for designing, 
                constructing, stocking, funding, and managing 
                the Strategic Transformer Reserve.
  (d) Establishment.--The Secretary may establish a Strategic 
Transformer Reserve in accordance with the plan prepared 
pursuant to subsection (c) after the date that is 6 months 
after the date on which such plan is submitted to Congress.
  (e) Disclosure of Information.--Any information included in 
the Strategic Transformer Reserve plan, or shared in the 
preparation and development of such plan, the disclosure of 
which could cause harm to critical electric infrastructure, 
shall be exempt from disclosure under section 552(b)(3) of 
title 5, United States Code, and any State, tribal, or local 
law requiring disclosure of information or records.

SEC. 99005. ENERGY SECURITY VALUATION.

  (a) Establishment of Energy Security Valuation Methods.--Not 
later than one year after the date of enactment of this Act, 
the Secretary of Energy, in collaboration with the Secretary of 
State, shall develop and transmit, after public notice and 
comment, to the Committee on Energy and Commerce and the 
Committee on Foreign Affairs of the House of Representatives 
and the Committee on Energy and Natural Resources and the 
Committee on Foreign Relations of the Senate a report that 
develops recommended United States energy security valuation 
methods. In developing the report, the Secretaries may consider 
the recommendations of the Administration's Quadrennial Energy 
Review released on April 21, 2015. The report shall--
          (1) evaluate and define United States energy security 
        to reflect modern domestic and global energy markets 
        and the collective needs of the United States and its 
        allies and partners;
          (2) identify transparent and uniform or coordinated 
        procedures and criteria to ensure that energy-related 
        actions that significantly affect the supply, 
        distribution, or use of energy are evaluated with 
        respect to their potential impact on energy security, 
        including their impact on--
                  (A) consumers and the economy;
                  (B) energy supply diversity and resiliency;
                  (C) well-functioning and competitive energy 
                markets;
                  (D) United States trade balance; and
                  (E) national security objectives; and
          (3) include a recommended implementation strategy 
        that identifies and aims to ensure that the procedures 
        and criteria referred to in paragraph (2) are--
                  (A) evaluated consistently across the Federal 
                Government; and
                  (B) weighed appropriately and balanced with 
                environmental considerations required by 
                Federal law.
  (b) Participation.--In developing the report referred to in 
subsection (a), the Secretaries may consult with relevant 
Federal, State, private sector, and international participants, 
as appropriate and consistent with applicable law.
                              ----------                              

   23. An Amendment To Be Offered by Representative Westmoreland of 
           Georgia or His Designee, Debatable for 10 Minutes

  Page 1032, after line 4, insert the following:

SEC. __. PROCEDURES REQUIRED IN RESPONSE TO COMMENT ALLEGING ECONOMIC 
                    HARM WILL RESULT IF PROPOSED BANK TRANSACTION IS 
                    APPROVED.

  Section 3(c) of the Export-Import Bank Act of 1945 (12 U.S.C. 
635a(c)) is amended by adding at the end the following:
          ``(11) Procedures required in response to comment 
        alleging economic harm will result if proposed bank 
        transaction is approved.--If the Board of Directors 
        receives a comment from a representative of a United 
        States company, in response to a notice that the Board 
        has caused to be published in the Federal Register, 
        that alleges that the company will suffer economic harm 
        if a proposed Bank transaction is approved, then, 
        unless the Board unanimously votes to do otherwise, the 
        Board shall provide for--
                  ``(A) a 60-day discussion period that begins 
                at the end of the comment period otherwise 
                required by law, with respect to all comments 
                received by the Board in response to the 
                notice, which period shall be extended by not 
                more than 60 days if at least 1 Board member 
                recommends such an extension; and
                  ``(B) an opportunity for any such commenter 
                who makes such an allegation to appear before 
                the Board and be heard with respect to the 
                notice if at least 1 Board member recommends 
                that the commenter be invited to do so.''.

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